RE fits in with the rampant consumerism that has developed withi

(ZT)

I think the key turning pointwill occur when expectations of the average american finally startdeclining. I have always been conservative myself and have never beenmuch influenced by the marketing/advertising machine that has come todominate the american pysche. I keep thinking that at some point therest of America is going to be slapped in the face and wake up fromthis financial stupor they are wallowing in. I almost lost hope in thisever happening but 3-4 weeks ago I told my wife that July 2007 may godown in the history books as representing one of the most significantturning points in American history. The psychological shift willprobably be gradual but it seems that without some form ofhyperinflation, the inflation of debt will have to stall and likelydrop, and with it the means for the consumer to continue engorging oncredit.