The WSJ’s weekend edition reports that adjustable rate mortgages valued at 362 billion dollars will adjust upwards next year. According to the article, the subprime crisis has been caused, so far, by the defaulting of loans as they were – not because their rates went up.
Nouriel Roubini has been warning of a “hard landing” for [...]
Archive for November, 2007
362 billion
Posted in Money on November 25, 2007 | Leave a Comment »
Dani Rodrik Profile
Posted in Link on November 13, 2007 | Leave a Comment »
Great profile of a really interesting economist at Harvard.
