With all the "cheap money" that has been available in the last year I am so confident that Joe consumer is in for a rude awakening. When the adjustable rates on credit cards and equity lines start climbing so will the Bankruptcy claims. The fundamentals of this company are vantastic and I cound'nt be more comfortable holding them. I am standing by waiting for the credit meltdown to occur.
I guess you are right. I will also expect home prices to level as they already are, down 3 % nationwide. The big question is why interest rates are low as they are with all the rogue spending by the administration.