Interest rates should have been 10%-15%

[jimmyP]

For anyone interested, Bill Fleckenstein has a great book out called "Greenspan Bubbles". It really makes the case that interest rate manipulation thru the 90's and early 2000's created the great bubble.
I know it's popular to bash Greenspan now but the book makes a lot of sense and contains a lot of data to prove the hypothesis.

I agree with Chef Boyardee - let the market set the rates.

[Chef Boyardee]

The Next Foreclosure Wave story is all over the place; it is not a secret. Still, you might think it was

With average home prices at 191k, they say the average American income should be over 60k, but it isn't. It is around 40k. So, if home prices fell about 40% they'd be affordable, for the average American Income Home prices don't usually go backwards.

They say for minimum wage to have kept up with Inflation and GDP growth since The 1960s, it would have to be around 16 Dollars an hour. The biggest part of that is GDP growth. So, it seems like the pie isn't being sliced up as well as it used to be. I think it is probably, in large part, a result of Free Trade Fanaticism.