Australian House Prices Are Severely and Seriously Unaffordable

Australian house prices are severely and seriously unaffordable...Pink Monday in the U.S. costs 79k jobs...the decline and fall of consumer credit and its effect on prices...and more!

Stocks in the U.S. were up overnight. The only really positive news on the day was that existing home sales in the U.S. were up 6.5%. It was unexpected news. A lot of short sales and foreclosure sales boosted the market.
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