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LazyDay

"pain In Spain" By Wsj

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Wall Street Journal today (Sep 4th):

"(Spain house)prices have now started falling - by 0.4% in Madrid in the second quarter, by 1.3% in Valladolid. This looks like the beggining of the trouble... Now the anecdotal evidence is of oversupply: of several hundred thousand homes and flats that are unlikely to be able to be sold without steep price cuts"

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Wall Street Journal today (Sep 4th):

"(Spain house)prices have now started falling - by 0.4% in Madrid in the second quarter, by 1.3% in Valladolid. This looks like the beggining of the trouble... Now the anecdotal evidence is of oversupply: of several hundred thousand homes and flats that are unlikely to be able to be sold without steep price cuts"

The best of it is that the ECB isn't going to bail them out because of the state of the german ecconomy ramping up. awesome. Smell it burning. Watchin' it burning and not lifting a finger to help.

Net result, the german will probably own spain!

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Wall Street Journal today (Sep 4th):

"(Spain house)prices have now started falling - by 0.4% in Madrid in the second quarter, by 1.3% in Valladolid. This looks like the beggining of the trouble... Now the anecdotal evidence is of oversupply: of several hundred thousand homes and flats that are unlikely to be able to be sold without steep price cuts"

it will be interesting to see the price trends all along the coast as that is where the over-supply is, and presumably the most foreign investment.

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  • 354 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
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      • Leave with no deal



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