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<p>[QUOTE=&quot;InfleXion, post: 1658375, member: 29012&quot;]And it never reached fruition because of QE money being pumped into that market. Had that not occurred things would have been much worse. Nobody has to believe me about this. Hank Paulson said as much to Congress, that the DOW would drop 3000 in a day if they didn&#039;t do QE. </p><p><br /></p><p>QE merely postponed market equilibrium, which markets are still seeking hence the continually growing QE. At some point it will either no longer be effective or will be so large that the debt burden will require a hyperinflation to sustain it. We are already beyond the highest debt/GDP ratio reached during the Great Depression. </p><p><br /></p><p>The housing bubble was simply replaced by a currency bubble, which is not as obvious to the naked eye because all fiat currencies are debasing. There is nothing else to shift the bubble to now that it has infected currency itself. The outcome of 2008 was much different than the outcome of the currency bubble burst will be. You will need PM&#039;s in that case because they will become the price measuring stick again just as they always were.[/QUOTE]</p><p><br /></p>

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