“Authorities should prepare contingency plans.” The big four banks are too exposed to mortgages. Even if they don’t topple, the economy will get hit.
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This is not exactly slow motion anymore.
And with impeccable timing, an immense flood of new construction.
It is rare that a housing market makes such a beautifully defined U-turn, after a long hard surge.
Despite persistent and false memes to the contrary.
The “waterbed effect” of money flows.
There’s unconfirmed speculation JPMorgan may have been granted immunity as the whistleblower.
Home prices jump to record amid surging supply and declining real wages.
Spooked by a “housing calamity,” banks, overvalued stocks, and China.
“I thought we had gas and electricity coming out of our ears.” But no. Hilarious video about self-inflicted energy problems in Australia.