This is credit deceleration. this is not DEflation, or DEflationary... it's unprecedented credit deceleration, but that is what it is.. Inflation will reign supreme and the damage has been done... this is like the knife coming OUT...
New credit is going to be created very soon, you mean the same credit that put the US in the biggest credit crisis in history? The housing market has years before it turns around again. The Bull market went bye bye months ago and will be gone for at least another 2-3 years. Sell sell sell