>...That's destroyed value of nearly a year's US GDP. Pretty scary and it is only one sector--similar valuation (read balance sheet) destruction has also gone on in the commercial real estate sector, the financial sector and the stock markets. If $30 to $100 trillion of value just disappears, that's $30 to $100 trillion that isn't available as collateral to do new deals....<
personally, i'm more concerned of runaway inflation and greed and what pricing increases can do, as what we had with pricing of oil, commodities, real estate a few years ago. what good did commercial and housing price increases in past decade do for us except create a bubble which has burst?