The stock market has been rising and the general population has become more risk averse. They are investing in paper assets, like stocks and to a lesser degree, bonds. People are using their savings, or in some regions, they are refinancing their home which has risen in value, pulling out the equity to purchase other items. So much debt has been accumulated and it’s all ripe and ready for the next person to ride this wave. But will these people find themselves in quicksand?