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Meltdown on Main Street

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Mike Colpitts
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Perhaps, the most amazing aspect of the crisis is that the masses don’t seem to either know about or care about it much to change things. Grocery prices are spiraling out of control. Anyone who eats knows that. Gasoline and commodity prices are edging upward. It’s hitting us all in the wallet. Inflation is a huge issue.

When will it get better, you ask? Sometime after it all works through the Fed. Whether or not Americans want a full scale bail out isn’t the issue anymore. It’s simply a question of how long it will be before the Fed feels it has to pull the trigger. It seems we need to gag that cough medicine down.

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Mike Colpitts is the Editor of Housing Predictor.com, an independent web site, which forecasts more than 250 local housing markets in all 50 U.S. states and real estate news. Housing Predictor has a staff of researchers, economists and computer (more...)
 
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