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Owning a home has long been seen as a path to wealth. Not anymore. Getting on the housing ladder is now beyond the reach of many young people. And property is looking less attractive as an investment, especially compared with stocks. Shares are the new bricks and mortar.
Elsewhere, America is devastating Iran’s economy with sanctions and a blockade of its ports. The country is no stranger to economic crises—but this one looks uniquely bad, reports our correspondent. Will it push Iran to end the Gulf war? |