What do you guys think would happen if the Fed did the opposite of what is expected and started raising interest rates?  Sure, a lot of people would lose their homes, and possibly some other assets.  Perhaps a lot of banks would suffer, close, or be bought out.  But I think a lot of these things are going to happen, to some extent, anyway; plus I think these morons deserve it - Let them lose their homes, and their cars, that would put "the American Way" in its place.  Heck, I think it would solve a lot of non-financial issues too (spoiled Americans, etc.).

I think the dollar would immediately strengthen significantly (especially given inflation concerns in Asia & Europe, and relativel low rates worldwide).  Really, demand for the dollar would go through the roof.  I know fuel and oil prices are going up because people are hiding there (along with gold, etc.), but if the dollar was a bit stronger, I think oil prices would drop a bit as well (and if you ask me, gas prices are the expense that is REALLY hitting Americans in their piggy banks).   I dunno, I think all this talk about how to bail out stupidity is a bad idea; it's putting the smart people in worse place.  Let capitalism run it's course.   Again, I'm not suggesting this is my point of view per se, but I've been pondering it for a few weeks now and just thought it would be an interesting topic.