stiglitz on house prices in australia, page-44

  1. thedalek
    1,892 Posts.
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    16/08/10
    09:25
    Post #: 7022123
    "All were absent in the final years of the US boom when no-recourse loans on fixed rates that could not respond to monetary policy were given to people who could never afford them"

    very good point for the folk that love to compare our market to the US.

    could NOT respond to monetary policy.

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