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<p>[QUOTE=&quot;zekeguzz, post: 600798, member: 15455&quot;]I agree with all the above. Let me add two more big bad ones.</p><p>1). The announcement today about the defaulted housing loans now reaching almost 12% of all loans. That is like one out of every eight loan.&nbsp; Did you see what the market did when that was announced? Confidence in a quicker than expected recovery went flying out the window at full speed.</p><p>&nbsp;</p><p>2). with the default in loans rising, the banks are beginning to raise their interest rates. This bad, bad, bad. Snowball effect. higher rates= less loans. LESS LOANS=LESS business=higher rates etc., etc. So CRASH goes the dollar. And did you ever try to stop an avalanche???[/QUOTE]</p><p><br /></p>

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