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Will the US downgrade sink the housing market?

Posted on 09 August 2011

If political rhetoric were to be believed, a downgrade of US sovereign credit would lead to spiking interest rates, a dramatic economic contraction, and wide-scale financial chaos. It was an event to be avoided, seemingly at all cost.
And here we are. Miraculously, however, the sun still rose in the east. Alarms blared, coffee brewed and traffic, as it’s apt to do, ground to a halt. The world has not yet ended, but it is surely not the same place it was 72 short hours ago……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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