Interesting comments and ideas.
Flu are you in the biotech industry? I work for Life Tech and I agree with your points that not EVERYONE is in trouble and we should not generalize things.

I just want to say Bernenke is really screwing upper/middle class Americans who still make good income, save, and are responsible and pay their mortgages on time. The FED is devaluing our money and reducing our spending power. The only good thing with the low rate is that we finally refi with a 30-year fixed at 4%. But…the money I put aside for buying a house is getting devalued by their actions.

I’m hoping, and I’m fairly sure housing is not going up anytime soon. I was planning on buying a house maybe late next year (which I hope prices will hit bottom then)…but I’m also worried about deflationary problems afterwards.

Anyways, the financial system in the US encourages irresponsibility and this is really unfair!