To: montag813
I saw that. There will come a point where it won't matter how much they lower rates. When Japan's real estate market tanked, they were offering loans at zero percent and there were still no takers.
To: GodGunsGuts
There will come a point where it won't matter how much they lower rates. When Japan's real estate market tanked, they were offering loans at zero percent and there were still no takers. Japan had a problem where banks couldn't offer any loans because they never wrote off bad loans.
18 posted on
09/21/2006 8:13:49 PM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: GodGunsGuts
That Japanese rate of zero percent, in certain rare circumstances actually worked out, technically, to a NEGATIVE percentage rate!
219 posted on
09/22/2006 10:38:37 AM PDT by
RobRoy
(Islam is more dangerous to the world now that Naziism was in 1937.)
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