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    • Did Bernanke Just Kill the Housing Recovery?

      That's the question Wall Street and Main Street have been contemplating this week after another spike in interest rates.

      Stan Humphries, chief economist at Zillow, has a ready answer: No. "I think Bernanke's right, the housing market is strong enough to stand on its own feet." Humphries also tells Aaron Task of The Daily Ticker that homes are going to get more expensive, as financing costs go up.

      Related: Housing Recovery is "Precarious," Says Economist Gary Shilling

      However, Bernanke's signal on Wednesday that the Fed's aggressive monetary easing is at the beginning of the end will get people off the fence to give a "momentary spurt" to the housing market, says Humphries. He explains that a small fraction of buyers won't want to miss the chance to buy homes for less while 30-year fixed mortgage rates are roughly 4%.Watch the video above to see how high Zillow expects mortgage rates to rise by 2014.

      Click here to check the mortgage rates in your area.

      Investors on Wall Street,

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    • The Decline of an All-American Treat

      By Rick Newman

      If a hot dog can be made out of turkey and a burger pounded out of beans, then it should be no surprise that another all-American treat is vulnerable to trendier, more virtuous food.

      Traditional ice cream sales have been slowly declining and seem poised to hit their lowest levels this year since the mid 1990s. Production of regular ice cream peaked in 2002 at about 14 quarts per person each year, according to government figures. That has fallen to 11.6 quarts per person, a 13% drop. Seven of the 10 biggest ice cream chains had fewer stores in 2012 than they had in 2011, according to research firm Technomic. Cold Stone Creamery has shuttered more than 100 stores since 2009. At Baskin-Robbins, revenue and store count have fallen every year since 2008.

      Health concerns are one obvious reason why Americans are consuming less full-fat ice cream. But the ice cream man has also fallen behind on innovation, or at least on gimmicky offerings that keep customers lining up at the

      Read More »from The Decline of an All-American Treat
    • Fracking: Road to Energy Independence or Road to Ruin?

      Some view fracking as a miracle technology that has reduced U.S. dependence on foreign oil and will transform the country from an oil importer to a net exporter. Others see it as a deal with the devil that will pollute the water we drink and the air we breathe.

      Fracking is the hydraulic fracturing of shale rock layers buried deep inside the earth. Water and other liquids are drilled into the ground vertically and horizontally to create cracks in the rock, which then release natural gas and oil into wells built for their collection.

      While the technology produces more natural gas, which is less polluting than coal and oil, it also releases methane into the air, which is more polluting than the carbon dioxide released from the burning of coal and oil, and it uses toxic chemicals in the process as well as massive amounts of water. There have even been reports of small earthquakes at some fracking sites, which environmentalists attribute to the technology.

      Related: Fracking is 100% Safe:

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    • Cats are America’s favorite pet and they're superstars on the Internet. The furry four-legged felines are also helping their human companions learn finance.

      Alexis Goldstein, a former Wall Street professional and Occupy Wall Street activist, has created a Tumblr account to educate non-Wall Street types about why they should care about financial regulation. (Yahoo! made it official this week and agreed to buy Tumblr for $1.1 billion in cash). Goldstein calls the blog “Because Finance Is Boring” and gets her message across by posting cute cat pictures or videos with sardonic and witty captions.

      For example: Goldstein uses a photo of a cat sitting in a paper bag with a hole cut out for its face and wrote on top: “Imma put my derivatives overseas…no one will regulate them there. Thx, HE 1256!” Goldstein was referring to the “Swaps Jurisdiction Certainty Act” which would require the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to review the

      Read More »from Can Cute Cats Make Sense of Wall Street?

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