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...After the FT reported his exit on March 17, Scottish Mortgage said the following day he remained on the board, before announcing his departure on March 21....
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...That post-lockdown frenzy has calmed down now, as mortgage rates rise — fixed rates currently start at 2.95 per cent....
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...This “tax-loss harvesting” strategy has been around nearly as long as the federal tax code — which came into force in the second decade of the 20th century — but has surged in popularity this year as stocks...
...But rampant house price inflation over the past quarter century means that mortgages are now based on higher multiples of income....
...If you look back to the early 20th century, we’ve actually had a recession at least once every decade, lasting from anywhere from six to 18 months....
...It is linked to the notion of the housing “ladder” — a central pillar of the British public’s and government’s attitude to housing over the past half-century....
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...That was how Vishal Garg, chief executive of Better.com, a US mortgage company, opened a Zoom call earlier this month at which he abruptly told 900 staff that their employment by the US mortgage company...
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...from the 1980s until Trump cut it to 21 per cent in 2017....
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