I just can’t wait to hear the wailing and gnashing of teeth. The housing bubble bursts. The highly interconnected U.S. economy, overly dependent on overstated home values, buckles at the knees and is taking a standing eight-count. Stock prices are falling. Confidence in the market is waning. Global markets are impacted. Time to batten down the hatches, stuff the money in the mattress, eat macaroni and cheese at home versus at the Macaroni Grill and otherwise cut back on the extras. The borrowed-to-the-hilt spending spree is over. Americans have run out of money they don’t really have to buy stuff they probably don’t need. Company earnings forecasts, so dependent on this consumer economy, are likely …

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