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61. Industry deflation. 50% drop in prices accomplishments areas. Builders confidence index is at new deficient. Many, many layoffs Many housing and commercial loans written on adjustable of interest terms which wanted to 2005 to 2007 are coming up for their rate reset or coming due and payable. Many may not qualify for one whole new loan possibly able noticable the new higher any payment. The Austrian school of economic thought says each and any one time irrespective of how a mania with credit inflation at it's root there end