The global economy is exposed to America's houses of cards
Story date: 2007-10-19 01:09:00
Added on: 2007-10-19 15:27:23
Lebanon Daily Star - Some, observing the crash of the sub-prime mortgage market, say, "Don't worry, it ... Instead, easy money stimulated the economy by inducing households to refinance ... the loans onto others. (As economists would say, problems of asymmetric information ...
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