Talk of a dollar crash has been all in the air today. The Daily Telegraph‘s Ambrose Evans-Pritchard, who would have to be taken seriously if only because of that name, but also happens to be a pretty smart and well-connected financial columnist, had this to say (via Barry Ritholtz): Saudi Arabia has refused to cut [...]
Testifying before the House Financial Services Committee today, Ben Bernanke allowed that the mortgage lending industry could probably do with a a few more rules: We are looking closely at some mortgage lending practices, including prepayment penalties, escrow accounts for taxes and insurance, stated-income and low-documentation lending, and the evaluation of a borrower’s ability to [...]
The Curious Capitalist is going on a road trip next week to Denmark (because that’s where it’s all happening), and I’ve been studying up on the language. It rocks. This, from Aalborg University “medialogy” professor Jens Arnspang, demonstrates how linguistic efficiency allows Danes to devote valuable brain cells to more important matters: Good Morning: Hej [...]
