According to the NY Times this morning folks with previously good credit are now having trouble paying their mortgages. If that is true – and who am I to challenge the truths written by the Times – this is very bad news indeed. This could be a prelude to an even deeper downturn in housing values that will have serious economic consequences. Honestly folks I think we should all go out and get some mattresses. I fear things are going to get real nasty, real fast.