Wednesday, September 5, 2012

“prices exceeding levels that can be ‘justified by fundamental factors.'”

SNB’s Danthine Says Economy Facing Risks of Defaults, Correction

Swiss National Bank (SNBN) Vice Chairman Jean-Pierre Danthine said Switzerland is facing an increasing risk of defaults in the mortgage market as well as a “sizable correction” in property prices.

Posted by dill @ 08:33 AM (917 views)
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2 thoughts on ““prices exceeding levels that can be ‘justified by fundamental factors.'”

  • The term correction, suggests that wealth had been misallocated. Unfortunately this MP does not understand economics and does not understand that misallocation of wealth (generally caused by central bank and government intervention) IS the problem, and that CORRECTION

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  • ,,, is the solution

    If these MP’s were mathematicians, they would hate those who solved maths problems since they would say that solving an equasion puts mathematicians out of jobs. This is the kind of ludicrous logic these people profess to be in the public interest. Infact, what is really happening is that their buddies from the local Freemasons Lodge would loose money from their fraudulent bets and that, is reality check.

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