|Total Credit Market Debt % of U.S. GDP 1915-2011 (3Q) - Elliott Wave|
The Biggest Bubble of All: This One Has Yet to Deflate (Are You Ready?)
More Threatening Than Any Single Economic Sector
April 20, 2012
By Elliott Wave International
History shows that once a financial bubble bursts, it can take a long time to bounce back.
Recent history offers an example: Real estate prices topped in 2006-2007 -- then came the worst part of the sub-prime mortgage crisis in 2008.
Yet instead of recovering with the passage of time, real estate prices just keep getting worse:
Home prices dropped for the fifth consecutive month in January, reaching their lowest point since the end of 2002.
-- CNNMoney, March 27