Our economy has been in a mini bubble for the past 5 years based soaring commodity prices as well as real estate brought on by cheap credit.
Take away cheap credit as well as the bubble in commodity prices and you have a situation where we will be in for a far greater decline then we have seen over the past 30 - 40 years. People have only grown up and seen the good times, do you honestly believe that it will turn around over the next year where the XAO climbs past 7000.
