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Hungary fact of the day
...85 percent of household lending was denominated in foreign currencies last year.
Here is the article, entitled "Swiss franc mortgages lose their appeal."
Posted by Tyler Cowen on November 1, 2008 at 08:14 AM in Data Source | Permalink
Comments
Polish banking regulators have been warning for years about foreign currency lending. Two years ago they brought in regulations that forced banks to explain the risks that customers were running. It did not have much of an impact.[...]
There oughta be a law!
Oh, wait....
OK, a much TOUGHER law!
Posted by: at Nov 1, 2008 9:10:36 AM
Here in America we're taking a much wiser course of action by "keeping people in their homes" and trying to prop up property values.
As a renter, I'm starting to get mighty resentful of how my tax dollars are being used....
Posted by: at Nov 1, 2008 10:03:40 AM
According to this journalist the US dollar is losing its appeal:
http://video.google.com/videoplay?docid=1954933468700958565
Posted by: E. Barandiaran at Nov 1, 2008 10:37:41 AM
I think that the Icelanders did something similar.
Posted by: a at Nov 1, 2008 5:04:50 PM
E.Barandiaran:
We have a really good way of telling if the dollar is losing or gaining appeal, and I think it has very little to do with what journalists think -- though their thoughts may influence the actual measure in some small way.
Posted by: Gamut at Nov 1, 2008 10:52:47 PM
