What’s alarming to me is that everything we are seeing today is just the start of the effects of the bubble. Considering what’s to come from declining home values, resetting ARMs, job layoffs, tightened spending, rising foreclsoures and inventories, it unequivocally has to get worse before we get out of this mess. The pressure on the middle class among higher costs of living, and declining wages is eventually going to necessitate revolutionary reform.