you're such an alarmist... higher for longer was, and still is, the mantra
the outcome will be loss of Zombie companies, loss of disinterested employees dragging productivity down and a lesson for those who over extended. luckily for most they won't be underwater. and housing will end up back at a reasonable level, it'll adjust too... it's just cyclical and it'll turn.
the best comment EVER was 'Bator who wants NG out to be replaced by a crystal ball for future investors so that they can pick the bottom of the market----what a mind he has hahahahaha
