Housing Bubble Number Two Is Bursting.. How Long Will Go?

Unless the Fed is going to start buying millions of homes outright, prices are going to fall to what buyers can afford. There are two generalities that can be applied to all asset bubbles.
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Also: (Dahboo77) – Monsanto’s Roundup Weed Killer Found In Popular Beers and Wine

Enjoying a cold beer may not be so pleasant now that testing has revealed 14 top beers, including Coors Light and Heineken, contain traces of glyphosate from Monsanto’s Roundup weed killer. Scientists looked at five wine brands, one cider and 15 top beer brands including Coors Light, Miller Lite, Budweiser, Corona, Heineken, Guinness and Stella Artois and found glyphosate in all but one, Peak Organic IPA. Tsingtao was found to be the worst beer for glyphosate, with 49.7parts per billion (ppb), and of the five wines, the 2018 Sutter Home merlot had the highest levels of glyphosate, with 51.4 ppb. Also: (Dahboo77) – New York Governor Andrew Cuomo Signs Gun Confiscation Into Law

Gov. Andrew Cuomo (D) signed gun confiscation into law for New York on Monday. The law takes effect 180 days from the date of signing. Buffalo News reports that the law allows that “family members, school administrators and law enforcement officials can seek to get guns confiscated from people deemed by courts to be an ‘extreme risk’ to themselves or others.” Also: (Dahboo77) – Yellen Warns Of Corporate Distress, Economic Fallout and Possible Deeper Recession

Rock-bottom rates and easy lending standards have allowed US companies to pile on record levels of debt, sparking concern from regulators about the risk the credit markets may pose to the U.S. economy. When asked about asset bubbles and potential fallout when the current US economic expansion cools down, Yellen singled out high corporate debt levels as a worry, according to a recording obtained by LPC/IFR, divisions of Refinitiv.

“I have expressed concerns about leveraged lending,” Yellen said during a keynote discussion that was closed to the press. “I do think non-financial corporations have run up, really, quite a lot of debt.”