The Fed cited its dual mandate of achieving maximum employment and price stabilization as supporting its decision to raise rates, but stated that actual decisions to raise the federal funds rate are based on close readings and information about global and domestic economic developments; future decisions could be impacted by emerging economic factors.

Don’t chew gum in court .

The heat is getting worse year after year because of global warming and the “ heat island effect”, where more concrete and roads that hold heat mean the temperature stays hotter at night.  

There would be no more oil by 1990 and we would be freezing to death by "global cooling" by 2010.

What creates the whole 'appreciation mystique' is that it is highly complex, and dependent on local and global influences.

I REALLY want to sell my house before that, And I was not planning on listing till late Sept.To me it feels like late 2009 or may be 2010 - Based on the facts that the subprime loans and alt-a will show their scary faces in that year and followed by consumer confidence to an all-time low (it is already compared to prior years), people have already started giving away their car keys (defaulting on that too), global impact due to US economy as almost all countries trading with US have enormous amount of Dollar denominated assets, etc. - Thats my opinion (and I may be wrong)...

However, my belief structure tells me that our auto-workers are WAY over-paid compared to the global competition.

Global debt accumulation normally takes place during war time where to the victor goes the spoils and the loser gets defeat and default.

-----------------------------------------------------------Ni Hao.China offers more investment opportunities but has too many environmental issues.The housing crash here certainly brought about huge opportunities for investors not just from US but also from all over the world.http://trends.truliablog.com/vis/global-pursuits/The best time to get in was 2010 and 1011.

in my simple mind, the worst case is that the global economy collapses (assume worse than '08) so it might be hard to maintain rents at current levels but with no mortgage to cover, the break-even rent has to be fairly low (i.e. the rent needed to cover ALL monthly expenses) and its unlikely we couldn't find someone to rent it at the break-even if needed.