The sky is falling

I have been traveling for a few days, however, I found these interesting tidbits:

1 in 6 owe more than home is worth - This will probably increase property appraisal evaluations by at least 40% in our local market.

GM says bankruptcy is not an option - How would have ever thought that part of our industrial military complex would be looking at bankruptcy options? GM forgot to go high tech!

Global rout, bank woes roil Wall Street - The whole world is now joined at the hip through world trade and debt that consumers helped create. Depression - is it possible? Those boats, cars, RVs, 4 wheelers, etc. want be worth much in the coming days. Looks like our homes want be worth much either. Who created the idea that the home was a savings account? It was never suppose to be more than a roof over your head!