"?Defaults on privately insured U.S. mortgages rose 34.7 percent in November to the highest level on record, reflecting the inability of a growing number of homeowners to keep current on their loan payments.? The financial mess is just beginning to hit the fan. Already taking incredible multi-billion dollar losses on the mortgage and lending meltdown, banks are borrowing heavily, and there are still more ARM rate resets to come. As though that weren't enough, the credit card debt structure is starting to tremble, as well, and now, here comes auto debt, which ? amazingly ? was also packaged up into debt backed financial instruments and sold to investors, just like credit card debt and mortgage debt. Toss in the continuing saga of the struggling dollar and oil prices still rising...the words on the street: inflation, stagflation, stagnation, recession, depression... Damn, it is not looking pretty out there. Some experts are saying about a year and a half 'till all hell breaks loose. I hope you use it wisely."