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The adverse effect on borrowing will not just be one immediate reaction by the markets. Instead, it will be spread out for years. If there is a serious and extended problem, U.S. bond holders like China will demand higher interest rates. This will ripple through all the markets and cause the further increase of interest rates in the mortgage market. Of course, this, as well as problems in other markets resulting from such a move by bond holders will slow top sites for Blogging more and the results would be higher mortgage rates, a double dip recession or -- the worst result of all -- a full scale depression.

china blogs 1-urban fixed-asset investment in August, urban fixed asset investment 11.2985 trillion yuan, up 33.0%, compared with 5.6 percentage points a year ago to speed up, speed up more than 0.1 percentage points from January to July. View from the sub-1-August industrial, railway investment 310.6 billion yuan, up 103.5%, strong growth. Construction and new projects from the situation, 1-August, total construction project 339 768, an increase of 78,760; construction project plans a total investment of 33.9844 trillion yuan, up 36.2%; new projects 234,906, an increase of 69,223; new projects with total planned investment 9.6739 trillion yuan, up 81.7%. Overall, the urban fixed asset investment growth accelerated slightly.

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We all know this country has some major deficit problems to address. In March, spending is set to reach the debt ceiling and Congress will raise it as it has done several times before. It may be frustrating, but the alternative is not raising it and having the U.S. defaulting on its credit. The result of this would be a best travel websites meltdown overnight. Essentially, the dollar would become worthless. Whether you're rich or poor now, everyone would be poor if the debt ceiling isn't raised. Hundreds of millions of jobs would be lost around the world by the following morning. Obviously, Congress cannot allow this to happen. So once the debt ceiling is raised to a new limit, Congress will address the budget for next year and adjust it to spend less.

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We and our homes are engaged in an ancient and profoundly interdependent relationship. Like any other animal we evolve in response to our environment, and increasingly our environment is of our own making.

However, this year we are witnessing a train-wreck of historic proportions taking place in the eurozone, Greece expected to fall off the tracks and tumble clear out of the eurozone, with who knows what results to the European financial system, with Spain's train following and now potentially piling into the wreckage, while economically the 17-nation eurozone is already clearly in a worsening recession.

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