The Bubbles Will Burst - When?

In today's column Krugman is predicting once again that the interest rate, value of the USDollar and East and West Coast housing bubbles will burst.

When? Krugman does not say.

If he is right, people wanting to protect themselves from these multiple bubble bursts should:

1. Sell all the US real estate they own.
2. Sell all the American bonds they own.
3. Sell all their US stocks and stock mutual funds and invest the cash in foreign stocks and/or mutual funds, not European, but "Emerging Markets."

That is, if they believe Krugman.