I'm reading your book and I think your analysis is spot on. I recently watched Bernanke testifying about large loans in U.S. Dollars to foreign central banks. After doing some research it appears that a global housing boom is beginning with loans made in US dollars from US banks and foreign banks. Folks abroad are anxious to purchase a house or car with a loan in US dollars. They believe the dollar will suffer a debasement and that will make their loans cheaper.
Why don't you call the merger of capitalism and communism China?
thereallurker 2 years ago
Buster,
I'm reading your book and I think your analysis is spot on. I recently watched Bernanke testifying about large loans in U.S. Dollars to foreign central banks. After doing some research it appears that a global housing boom is beginning with loans made in US dollars from US banks and foreign banks. Folks abroad are anxious to purchase a house or car with a loan in US dollars. They believe the dollar will suffer a debasement and that will make their loans cheaper.
mainesprocket63 2 years ago