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PotNoodle

The Buck Stops Here

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"Americans simply don't have enough money to pay back the mortgage and credit-card debt they've run up. That reality is forcing banks to retrench as loans gone bad shrink their capital bases and falling house prices shrink the collateral that homeowners can borrow against. And it will presumably force chastened consumers to change their ways as well."

The above is copied from the newsblog article.

It seems to me that Banks on both sides of the pond are, effectively, calling in margins from every direction.

If they cannot do it fast enough, there will, presumably, be more Bear Sterns and

Northern Rocks falling under.

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  • 295 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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