Archive for the ‘Mortgage’ tag
Greenspan Says Regulator Role Will Undermine Fed’s Credibility
In an interview on CNBC, Former Federal Chairman Alan
Greenspan warned that if the Federal Reserve is given a role to
oversee the financial system it could undermine its credibility.
Greenspan said the US is facing a “once in a century
crisis.” He warned that the U.S. teeters on the brink of
recession…
A Loaf of Bread for Z$200 Billion? Now That’s Inflation
Zimbabwe is the latest example of what happens when inflation spirals
out of control to the point of hyperinflation. With the highest rate of
inflation in the world - about 2.2 million per cent -
Zimbabwe last week issued a Z$100 billion note, though still not enough
to buy a loaf of bread, which is roughly double the price.