Couldn't agree more, I heard yesterday that interest only protion of a housing repayment is now at 11% of the goverments so called average wage. that's a right shocker like no other I ever heard.
The worst the number had ever got to under any other government was 4%, 2% in the late 70s I believe, the great deprssion had nothing on our 11%!!!!, morgage defaults are up 400% last Quarter, the real interest rate is somewhere like 20+% if related to the last recession apples to apples.
After this goverments care, there is no fixing us without some big big pain, the US is in nowhere the strife we are in. Interesting times ahead, they sold us out for the last 10 years it's payment time very soon. Gloomy I know but had to come with economic missmangement this bad for so long. Fuel will be the least of our problems.
cheers fnq