500,000 Aussies facing mortgage ‘cliff’ as ultra-low fixed-rate terms wind down

by Boo_Randy The housing bubble busts in the hottest markets like Australia and New Zealand, where people borrowed as much as 11X their income due to insanely overpriced housing, are going to be spectacular. Got popcorn? https://www.news.com.au/finance/economy/interest-rates/500000-aussies-facing-mortgage-cliff-as-ultralow-fixedrate-terms-wind-down/news-story/c12c6a483498468ee017a48dba58d37d Hundreds of thousands …

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THERE’S A ZUCKER BORN EVERY MINUTE…

via Ed Driscoll  Inside the Collapse of CNN+, The News Channel’s ‘Apollo Mission:’ Hundreds of staffers were drawn to the streaming venture, positioned as network’s future; $5.99-a-month service lasted one month. For the more than 400 workers involved, it’s also the story …

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Biden is on the payroll of Putin?

by Ed Driscoll  CRISES BY DESIGN: Biden admin cancels massive oil and gas lease sale amid record-high gas prices. The Biden administration canceled one of the most high-profile oil and gas lease sales pending before the Department of the Interior Wednesday, as Americans face …

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Financial conditions are rapidly tightening

4. Correlation or Causation. Stockmarket generally has a bad time when banks are tightening up on lending.@topdowncharts $MACRO $SPX $SPY pic.twitter.com/QlcmmDio2E — Callum Thomas (@Callum_Thomas) May 14, 2022 5. Correlation vs Causation pt 2: Shifts in bank lending standards point …

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Cathie keeps buying Coinbase

The chances of both have been questioned this year as a selloff in speculative tech stocks laid waste to her future-focused exchange-traded funds. Wednesday was a particular low point, with the flagship ARK Innovation ETF (ticker ARKK) slumping 10% in …

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