Governments think if they help the few borrowers unable to pay their bills they will help relieve the banking crisis. What they’ll do is encourage lots more to default and thus make the crisis worse.
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There’s nothing new in reporting bad news about the housing market, so here’s the DoF guide on how to spot green shoots.
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Of course retailers don’t like paying their rent three months in advance - many of them are not sure they’ll still be in business in three months’ time. But a lease is a contract and it’s too late to tear it up now.
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