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Your Summer Housing Market Update
Every few months, I feel it’s my duty to let you know the latest about what’s going on in housing. There is simply so much off-the-wall blather, bogus data, and downright misinformation out there that if I don’t cut through it, I don’t know who the heck will!
In a nutshell, we’ve gone from housing Armageddon to a market marked by some stability. Not a big improvement. Not a huge recovery. Just some stability. But if I’m right about the future, it’s going to be a LONG time until we see a real rebound in housing prices … thanks to several…
6Jul2009 | Money and Markets | 1 comment | ContinuedGlobal Investing Roundups
China Lifts Inflation Controls; Awful Year for India Rupee; 30-year Mortgage Rates Hit Record Low; First Recorded Decline in Online Holiday Shopping; UBS Offloads Bank of China Stake
- With inflation easing, China has lifted temporary inflation controls on key commodities such as liquefied petroleum gas, power-station coal, grains and cooking oil. Ten months ago, China was facing inflation at a 12-year high, Bloomberg reported. Now it’s slowed to the weakest pace in nearly two years.
- India’s rupee slid 19.2% in 2008, its worst annual performance since 1991, and the second-worst among the 10 most-active Asian currencies excluding Japan. “It has been ecstasy…
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