Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
One problem with that scenario is that, just now, no one particularly wants any new loans, except for homeowners who are financed at >6% and would like to re-finance at <4%, which seems like burning good money to the banks that hold the existing mortgages. And Wall Street is seriously lacking in local constituencies in the 49 states other than New York.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Oct 15th, 2010 at 02:20:48 PM EST
[ Parent ]

Others have rated this comment as follows:

JakeS 4

Display:

Top Diaries

The UK Left and Brexit

by car05 - Aug 27
9 comments

Brutish, Nasty, Prolonged

by john_evans - Aug 18
25 comments

Periphery, migration & decline

by Metatone - Aug 14
24 comments

1930s in social media

by DoDo - Aug 11
91 comments

It's "Whose Economy, Stupid?"

by Helen - Aug 3
38 comments

Recent Diaries

Occasional Series