Tag Archives: international monetary fund

IMF Suggests US Limit Mortgage Interest Tax Deduction

I get no tax deduction for the interest I pay on my credit card debt, so why should the US bestow tax deductions on mortgage interest? I’d like to see an end to all deductions and a dramatic accompanying cut … Continue reading

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Public – Private Partnership To Buy Banks’ Troubled Assets

The U.S. Treasury will unveil a plan this week for banks to sell off their troubled mortgage assets. This comes a year after Congress allocated $700 billion for this purpose. The NYT: Treasury officials said that five out of the … Continue reading

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Yisroel Pensack: New IMF Report On Global Financial System’s Health Oblivious To Land Speculation And Its Remedy

A new report by the International Monetary Fund on the health of the global financial system fails to pinpoint or propose a cure for the obvious underlying cause of the world’s economic and financial problems, which is rampant speculation in … Continue reading

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Reforming The World’s Financial System

Here’s the view from Jamaica: The Editor, Sir: We are being continuously bombarded by amazing developments out of the unfolding world financial and economic crisis. One of the latest was former Fed Chairman Alan Greenspan’s contrite admission before the United … Continue reading

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NYT Profiles Dr. Doom

Stephen Mihm writes: On Sept. 7, 2006, Nouriel Roubini, an economics professor at New York University, stood before an audience of economists at the International Monetary Fund and announced that a crisis was brewing. When the economist Anirvan Banerji delivered … Continue reading

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Have We Hit Bottom?

From the New York Times: No one actually knows when and where the housing market will bottom. In Ocean City, N.J., for example, inflation-adjusted house prices rose about 1.6 percent a year from 1988 through 2002. Compared with what this … Continue reading

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Refinance UK

From the Times of London: THE archetype of “property porn” is a Georgian townhouse, painstakingly maintained but also kitted out with every modern convenience, a blend of Gaggenau kitchen appliances and Farrow & Ball-painted original cornices. There are 840,000 empty … Continue reading

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America’s Housing Problems Affect World

The New York Times reports that the current housing crisis in America has spread around the globe. The worst hit country is Ireland, a world leader in growth for a decade. Not only has economic growth halted, but unemployment is … Continue reading

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