On thing that has been left out of this is that we still have a lot of room to move on rates. if things get ugly we'll be back to 4% rates and that will keep things tracking along for most people for some time. We are only in real trouble if we get high unemployment ...like what happened in states ...
That said I'm big into gold and energy and scared to go near property or base metals ....
Have suggested to my wife for some time that we should sell our house now and wait for the market to deteriorate even more before getting back in ....but she's not having any of it.
