I think what we have here is an opportunity. The majority of Americans are going to piss away money and spend even more money they don’t have. A small percentage of Americans will accumulate even more . Especially now we are pretty certain that cheap credit for well qualified people is here to stay for some time. Coupled with what appears to be reinflating asset prices (home and stock market) I think it is going to be great for people who are comfortable with taking a calculated above average risk. Morale of the story…..borrow as much as you can at these ridiculous fixed term rates. Because in a few years this is gonna look cheap.