WOW...about time. We have been forced to live with zero interest rates/massive FED/ECB bond buying/distressed commodity prices to facilitate US/EU recovery from their $2 T sub prime hit for too long. Bill Clinton's social welfare program to give every American the opportunity of home ownership was a dismal failure. Sad that Canada got stuck with paying  their bill in the form of reduced commodity revenue and low interest rates... we now have a housing bubble problem due to free money. Expect that masses will realize there was no supply glut....when we have to now deal with inflationary catch up prices.