It is the 12th of November 2019

News

Ron Paul: "The Fed's Massive Bubble Is Creating A World Of Economic Pain"

There shouldn't be a Federal Reserve, but it exists, and it's constantly creating a world of economic pain.?

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"Canada Is In Serious Trouble" Again, And This Time It's For Real

Some time ago, Deutsche Bank's chief international economist, Torsten Slok, presented several charts which showed that "Canada is in serious trouble" mostly as a result of its overreliance on its frothy, bubbly housing sector, but also due to the fact that unlike the US, the average household had failed to reduce its debt load in time.

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London Property Bubble Bursting? UK In Unchartered Territory On Brexit and Election Mess

- London property bubble bursting? UK in unchartered territory on Brexit and election mess
- Evidence of downturn in London housing market

- Over 75% of London homes now selling below asking price
- Prime north London property down 6 per cent annually
- House prices have not fallen for three consecutive months since the 2009 crisis
- Bank of England report expresses worry over UK property market
- ‘Adverse shock’ to UK economy may amplify negative feedback loop

- Increased political and economic uncertainty has weakened fragile London buyer sentiment
- Bank of England Financial Stability Report: "Mortgages are the largest loan exposure for UK lenders"
- BOE FSR refers to a "self-reinforcing feedback loop" that, if triggered, would cause another 2008-style crisis in the UK

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