The debts of the past need to be reckoned with. Borrowers are doing the best they can. They pay when they’ve got the money. They default when they don’t.
December 17th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "mortgage debt"
FDIC Wants Banks to Make More Loans to their Business Customers
This secular shift away from “productive” lending to businesses toward “nonproductive” lending to consumers creates a new kind of structural weakness for the American economy.
December 10th, 2009 | Douglas French | 0 comments | Continued
Thomas L. Friedman Trying to Reassure Americans
Back to Mr. Thomas L. Friedman. What we like about Mr. Friedman is that he is such an unworthy opponent. It is like playing darts with a blind man or a boxing match against a paraplegic.
November 25th, 2009 | Bill Bonner | 3 comments | Continued
Climate Change and Hyperinflation Reader Mail
“Amusing that someone who professes to be adroit on money matters can be naive on climate change. No doubt the coal miners will be sending in crates of champagne.
Chris
NZ
–What’s so funny? Is this an argument? Please send the champagne chilled.
May 1st, 2009 | Dan Denning | 4 comments | Continued
RBA Buys $780 Million in Residential Mortgage-Backed Securities
The Reserve Bank of Australia bought $780 million in residential mortgage-backed securities earlier this week. It was the same day all the financial shares rallied. What does it mean? Well, it means that the RBA is trying to loosen up the Aussie mortgage market by buying residential mortgage-backed securities and owning them for much longer periods than it was previously willing to do.
April 23rd, 2008 | The Daily Reckoning | 5 comments | Continued