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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Wall Street is increasingly facing headwinds from faltering… The cure for higher prices is higher prices… with demand destruction now extending even to consumer staples

Liquidity has started draining, no?https://t.co/rFsSXJH8n5 — Ilias Tsagklis (@iliastsagklis) April 4, 2022 #recession … #GFC2 US #Consumer edition The cure for higher prices is higher prices… with demand destruction now extending even to consumer staples 👇 https://t.co/lKORjRPGbr pic.twitter.com/iTUABYqfNi — Invariant …

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George Soros warns China is facing an economic crisis; South Korea worries that its export industry—including steel, semiconductors, and other major industries that rely heavily on the Chinese market

China is facing an economic crisis after a real estate boom ended with a bang last year, according to investor George Soros. The billionaire said in a speech at Stanford University’s Hoover Institution Monday that President Xi Jinping may not …

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Is Spacex facing bankruptcy?!

Elon Musk is angry with the lack of progress SpaceX has made in developing the Raptor engines that power its Starship rocket. He described a dire situation the day after Thanksgiving in a companywide email, a copy of which was …

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Fauci Facing Serious Jail Time

A growing chorus of mostly Republican lawmakers are calling for Dr. Anthony Fauci to be charged with lying to Congress following statements he made during sworn testimony regarding the funding of risky “gain-of-function” research in China. “He should be prosecuted here,” …

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