Hong Kong is going to hike interest rates and threaten housing and stocks, or it will start running down its reserves as the carry trade drains US dollars for investment in higher yielding securities.
ZH: "Stay Calm" - Hong Kong Dollar Hits Peg Lower Band, 30 Year Low
Fannie and Freddie: Single Family Serious Delinquency Rate Decreased,
Multi-family Decreased in March
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Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie:
Single Family Serious Delinquency Rate Decreased, Multi-family Decreased in
March...
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