Gary Carmell
Posted in Economy, Interest Rates, Investing, Market Bubbles, News, Trends
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Is Mortgage Credit Too Tight – Ask Ben Bernanke
I must admit that I found it quite interesting (and entertaining) to read that Ben Bernanke could not refinance his house in Washington D.C. According to the article,
Bernanke already has refinanced twice. When the former Fed chair and his wife Anna bought their Capitol Hill rowhouse in May 2004,
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Chinese Lending Practices
I am reading with some fascination the incredible excesses that have been taking place in China with regard to terrible lending practices and widespread fraud. The unregulated banking system is clearly running amuck in China. Here is a very interesting link from Mish’s Global Economic Trends highlighting the massive problems unfolding with regard to loan guarantees not to being honored.
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