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Housing Bubble May Lose Some Wind

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Interesting article demonstrating what this government SHOULD have done instead of allowing a huge debt bubble to build in this country. Prudence my Backside.


NEW YORK (CNN/Money) - With the popularity of exotic mortgages, it's never been easier for homebuyers to afford their dream house even if it's out of their preferred price range.

But the increasing use of interest-only and option adjustable rate mortgages has put federal regulators on high alert. This fall, the Office of the Comptroller of the Currency, along with other financial regulators, will issue guidelines for mortgage lenders that could make lenders think twice before readily offering exotic mortgages to potential buyers.

Rest of article Here

Oh, for all you doom-Mongers out there, here is something from the CNNFN website about Bird Flu to give you all a hard-on.

Flu doomsday scenario for world economy

Experts say flu crisis similar to 1918 outbreak would leave world economy 'in shambles' for years.


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Wasn't SARS supposed to be like this too?

That's what I was thinking. Hopefully 'bird flu' will be as much of a non-event (on a global scale) as SARS was.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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