Real Estate as a percentage of household assets now carries TWICE the weighting that the stockmarket carried back in 2001 for the average household. Real Estate is just starting to come off and probably has a 12-18 month stretch of correcting prices and weakness. As it is now, construction permits for residential real estate are at a 4 year low. The coming Real Estate "corrrection" is really going to deflate consumer spending. While everyone and the FED is so overly concerned about "inflation" ( most of which has not even hit the "service sector" of our economy), I think that the markets and people in general will be rather surprised of how hard the coming DEFLATION will be. Stay tuned.