As the Greek crisis continues to spiral downward, the housing market gets hit and value of homes decline dramatically. Rental growth declines, following a similar pattern in 2007 going into the 2008 recession.
Philly Fed slumps. Corporate media reports that to many Americans are purchasing homes they can't afford, it begins. ECB is ready to push stimulus if the economy starts to decline and falter.
The central banks know that the collapse is headed our way, this is why they are prepared with stimulus. The Fed, like they have done in the past has fooled the American people, they will be rising rates, to bring down the economy.