For that to play out it must be assumed that employment and job growth will stay strong. It must also be assumed that wages will keep pace with inflation. So far savings rates have dropped to 10 year lows and wage growth is rolling over. This all before any increase in unemployment. We haven't even been hit yet. Consumer spending down, inventories of everything from cars to houses and other durable goods is rising significantly all points to a collapse in asset prices. If we start seeing layoffs and more stagnating wages I dont see what will prop prices up. Demand is already gone.