Tag Archives: benchmark rates

Israel’s Housing Boom

Israel has handled our recession much better than the United States and almost all Western countries. In late 2009, I heard George Gilder describe Benjamin Netanyahu as the leader of the Western World. While Ariel Sharon concentrated on fighting terrorism … Continue reading

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Mortgages Down Under

From New Zealand: Despite the mayhem in overseas financial markets, banking sources suggest the impact on New Zealand mortgage borrowers may not be severe. Although the cost of raising money overseas has risen substantially, they say, this is likely to … Continue reading

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Banks Refinance

The Financial Times is reporting US banks scramble to refinance maturing debt: Last week, financial groups including Citigroup (C), JPMorgan Chase (JPM) and American International Group (AIG) borrowed almost $20bn in new long-term debt, paying some of the highest interest … Continue reading

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