Tag: china

Minister of Spain’s Housing Board Cites "Mortgage Scam, Illegal Evictions" Calls for Mortgage Debt Reduction
April 21, 2013 0

Minister of Spain’s Housing Board Cites "Mortgage Scam, Illegal Evictions" Calls for Mortgage Debt Reduction

By News Desk

The Minister of Public Works and Housing of the Government of Andalusia, Elena Cortes Jimenez, advocates a Reduction in Mortgage Debt for All Spanish Families . Here is a Mish-modified synopsis. Elena Cortes Jimenez, Minister of Public Works, claims eviction proceedings lead to further drying of mortgage lending, making it harder for young people to access home ownership

Is the Fed Printing Money?
April 18, 2013 0

Is the Fed Printing Money?

By News Desk

Velocity is at a six decade low No signs suggest credit creation is turning more productive Debt Constrains Growth Commodities are down 20% in the last two years By Lacy’s definition, the Fed is "not printing". By mine, the Fed is. Bernanke says one thing on one occasion and humorously denies it the next.

Is Merkel in "Cloud-Cuckoo Land" or Simply a Hypocrite? How About a Chameleon?
April 16, 2013 0

Is Merkel in "Cloud-Cuckoo Land" or Simply a Hypocrite? How About a Chameleon?

By News Desk

Please consider Double Standards: Europeans Are Right to Be Angry with Merkel Chancellor Angela Merkel has tenaciously insisted that austerity is the only way out of the crisis for ailing EU countries. She doesn’t practice what she preaches in Germany, though, which makes growing anger toward her understandable. The question is not about whether Krugman is right when he almost obsessively labels Merkel "dim-witted" and writes that "senior German officials are living in Wolkenkuckucksheim — cloud-cuckoo land." No, it is not the know-it-alls from abroad who spark doubts