What do negative interest rates do?
Responding to press conference questions, ECB President Mario Draghi has said the ECB is ‘technically ready’ to bring interest rates below zero. WHat do negative interest rates do? The explanation is here.
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Browsing Tag
negative equity
Buiter expects writedowns on Dutch mortgages, recommends debt jubilee
The Dutch press is reporting that Willem Buiter, the Dutch-born Chief Economist of Citigroup, believes that we are going to witness a slew of writedowns in the Netherlands unless the Dutch can right the economy and stop the fall in house…
No Bottom in Sight for Housing
From Global Economic Intersection
Guest author: Keith Jurow is the author of the MVP Housing Market Report. This article was posted at Minyanville with the title “There Is No Housing Bottom in Sight”
At the end of June 2011,…
Nevada leads all states with a mortgage LTV of 118 percent
CoreLogic released its data analysis for the fourth quarter of 2010 showing that mortgage distress is still very widespread and that negative equity is the norm in many states in the U.S. (Hat tip Yves Smith). The data showed that the…