this week s storms leading to flash flooding in the south of england. in ilford in essex, rainwater poured into this woman s garden and garage, taking the family by surprise. we turned off the electricity in the garage. i tried making a barrier in the garage to stop more water coming in but it didn t really help and we were just worried about what to do because we have never experienced anything like this before. these extremes are the focus of a new report that assessed the uk s climate in 2020, from the hottest day, recorded in heathrow, london, where temperatures reached 37.8 degrees, to the coldest, in braemar, aberdeenshire, that hit a low of minus 10.3 degrees, to rain in october with the wettest day on record and wind on the isle of wight with gusts reaching over 100 mph. the report says the uk is getting warmer, wetter and sunnier. we can see very clearly from our observations that the uk s
credit, not insurance. the fed that s what you re going ask me. you seemed to be able to deal with it. the markets love it but i read into it, these guys have access to all sorts of information and data that i ll never have. so i m thinking what are they worried about? well they blinked. we had a lot of volume activity, with the suggestion they were taper. the ten year treasury hit a low of 1.7 in may and went to 3%, now 2.75. that kind of volatility in the bond market is not helpful but it was an inkling of how disrupting the exit strategy could be. george had the right idea, start slow but do it. it s not einstein s definition of insanity, doing the same thing over and over and hope you get different results.
bill: break, news on the economy, two notes to pass along, if you are a homeowner, listen you say. mortgage rates, the average rate for a 30 year fixed mortgage rose to the highest level in 7 months, going back to last summer. however, we are still near record lows, on mortgage rates. right? buyer s market. get out and get one. on home sales now, the number of americans signing contracts to buy a house, rose in the month of november. that is the fourth increase since contract signing hit a low in june, 3.5% last month, increase. on sales agreements for previously occupied homes. so, a bit of news right now. that reflects where we are, we talked about the foreclosure rate for 2010, being actually
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