ok

1) US housing market is f**ked - prices have further to fall
2) Inflation is above the fed's target and has been for years
3) US banks have no clue as to how much they have lost from sub prime lending on these crashing houses
3) Oil price is at a record high
4) Investors are turning to Government bonds rather than stocks
5) The US citizen has been drowning in a sea of easy credit for years. See point 2.

Right, I'm off home as I'm a part-timer. Cheerybyes

Posted By: Stoopish, Jan 22, 14:01:16