Zeev's Turnips Patch-No Politics (ZEEV)

[mike_m]

There's been a pretty good opportunity to work down debt and lock in low mortgage interest rates during the past two years. If the consumer is tapped out then he's been a fool with his money or out of work for quite a while.

If the housing market holds up, which is a big if, then we may not have a house of cards here after all. IMHO, the problems are no less or more severe than 1932 when a full scale depression was kicking in. That market found an opportunity to take off and hardly look back.

I am torn between various scenarios but caution anyone to simply buy into yours lock, stock and barrel.