Agree 100%.
good thing i have no debt other than my mortgage [which i CAN afford :)] and money in the bank.
There will be some rough times coming soon. the signs are everywhere as you stated.
Forex USD verus everything is WAY down and heading lower.
there really is nothing that can be done for these people that took out mortgages for more than they can afford. It' s partly their fault [stupidity] and partly the bank's fault for telling them they could afford it. They just need to land on their ass and don't do it again.
i just hope the dominoes don't all start falling with Iran, syria, Chavez, ecomony, terror, etc, etc....
D