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Still lots of pain coming in US housing ! How many of these houses will be in negative equity (and thus unable to refinance at a competitive rate) when reset time comes ?
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I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???