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Yet another US-wide housing slump coming

A US housing crisis is coming and although it won’t be anything like the last one, that won’t make it any less painful. Even though there has been no rampant speculation or subprime mortgage fraud, housing is still overvalued. And the dearth of inventory that’s plagued the current cycle will reverse in violent fashion once the worst of the virus ...

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And the coronavirus now comes for my hometown!

Those photos of famous public spaces in Paris or Manhattan in the age of corona-lockdown convey an eerie absence. The eyes search the frame for the people who aren’t there. The empty Main Street of my hometown will never be mistaken for the Tuileries or Times Square. Outside the new Vietnamese restaurant, which opened just before the coronavirus swept all ...

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Next pandemic? Run Trump plan in reverse

“Allow me to say as I told her personally today, the governor of Oregon, Governor Kate Brown — her unilateral decision to send 140 ventilators … to New York, to me was in the very highest American tradition of loving your neighbor. And when I talked to Governor Cuomo, Mr. President, he said they never asked Oregon for the ventilators ...

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