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<p>[QUOTE=&quot;Cloudsweeper99, post: 1066936, member: 3011&quot;]It&#039;s interesting that I come to the exact opposite conclusion.&nbsp; Defaults tend to be deflationary.&nbsp; If mortgage loans are unobtainable, house prices will fall to the level where all cash transactions can occur to clear the market.&nbsp; The inability to roll over debt will cause a huge increase in demand for dollars to settle the outstanding debt, and drive the value of the dollar higher.&nbsp; Stock market prices will crash as institutions and individuals rush to raise cash.&nbsp; Prices on imported items will fall because of the drop in demand -- other nations are dependent on the US to purchase their goods to stay in business.[/QUOTE]</p><p><br /></p>

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