The site looks good and I am interested in debating the current state of the economy with you. I also think the worst is yet to come and that our growing national debt is weighing us down. We are going to have a huge problem with the housing market because banks are not lending. Adjustable Rate Mortgage holders are about to get knocked with tons of rate hikes and considering the majority of these ARMs were taken out over the last four year most people still have their teaser rates. It is going to be really bad once they are all hit with the reality of holding an ARM. It is only a matter of time before this second mortgage bubble pops and the housing market takes another 20-40% value drop. Consider most people’s biggest asset is their home, that is a ton of U.S. wealth down the tubes. I hate to be a naysayer but everyone should start living by their means and start saving some money.

-JA