Aug
23

Here a Credit, There a Credit

House prices are currently weak in the UK, France, Germany Ireland, Italy and the US. But they are way up in Canada, China, Hong Kong, Israel, Singapore, S. Africa and Sweden. Why? The former countries had a housing bubble that burst. To avoid a depression they cut rates to microscopic levels. That flood of easy credit is now creating housing booms in countries that did not enjoy the last one.

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