.... is a mortgage meltdown imminent ....., page-6

Seems logical to me Kaya.

Another thing i have been thinking about but will confess i dont really have a great understanding about is the US National Debt and the potential impact of this.I dont have a great understanding of economics but i do have common sense and logic.

This is what i have been thing about........

If the US dollar is decreasing in value, then the US debt will naturally be increasing?

They owe something like 13 trillion, thats a lot of money in anyones language.

How on earth are they going to pay this back and stop the ever increasing debt spiral when their country seems like a financial basket case.

There must be a tipping point of no return?

If that happens and they stop spending money they have not got on goods from China and then China stops manufacturing whcih in turn means they stop buying Australias resources which in turn means job losses here, well that would mean the property bubble would pop.

Further to this, i get the feeling the the PIIGS, particularly Ireland are in worse shape than is being reported and there is more pain to ripple through markets in the future about this debt.

Guess what i am trying to say id that there are some big impact international dynamics at play here and call me a sceptic but things dont seem that rosey to me.

And what i am getting at is that with property well above the average guy on the streets affordability bracket, prices for petrol, food, utilities and other necessary items going up, how on earth can house prices keep rising.

Thats how i see it anyway.

JW