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So you're saying the foreign credit is mortgage credit?

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Oct 28th, 2008 at 05:44:45 AM EST
[ Parent ]
I'm not saying anything, but from the Central Bank's graph, it does indeed appear that foreign-denominated credit in the household sector is chiefly homeowner credit. (There are foreign-denominated credits in the commercial sector, too.)

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Tue Oct 28th, 2008 at 07:55:18 AM EST
[ Parent ]

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