Friday , May 24 2019
Home / Wolf Street / THE WOLF STREET REPORT

THE WOLF STREET REPORT

Summary:
Why a US-Style Mortgage Crisis Can Happen Anywhere. Industry and government organs in Canada, Australia, the UK, and other places with housing bubbles that are now deflating are trying to hide behind a false understanding of mortgage laws in the US and what happened during the US mortgage crisis. What happened in the US cannot happen here, they say to soothe their own jittery nerves. So I’m going to un-soothe those jittery nerves (13 minutes). [embedded content] Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate “beer money.” I appreciate it immensely. Click on the beer mug to find out how: Would you like to be notified via email when WOLF STREET publishes a new article? Sign up here.

Topics:
Wolf Richter considers the following as important: , ,

This could be interesting, too:

Wolf Richter writes Here’s How I think E-Commerce Is Wiping Out Brick & Mortar

Wolf Richter writes Suddenly US Service-Sector Growth Dives, Manufacturing Gets Even Weaker

Wolf Richter writes My Fancy-Schmancy “Fed Hawk-o-Meter.” And the Fed Says It’ll be “Patient” with Rate Cuts, Even at “Low Inflation”

Wolf Richter writes Subprime Profit-Machine Hiccups: Credit-Card Charge-Offs Rise Across Banking System

Why a US-Style Mortgage Crisis Can Happen Anywhere.

Industry and government organs in Canada, Australia, the UK, and other places with housing bubbles that are now deflating are trying to hide behind a false understanding of mortgage laws in the US and what happened during the US mortgage crisis. What happened in the US cannot happen here, they say to soothe their own jittery nerves. So I’m going to un-soothe those jittery nerves (13 minutes).

Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate “beer money.” I appreciate it immensely. Click on the beer mug to find out how:

THE WOLF STREET REPORT

Would you like to be notified via email when WOLF STREET publishes a new article? Sign up here.

Wolf Richter
Founder, Wolf Street Corp. In his cynical, tongue-in-cheek manner, he muses on WOLF STREET about economic, business, and financial issues, Wall Street shenanigans, complex entanglements, and other things, debacles, and opportunities that catch his eye in the US, Europe, Japan, and occasionally China.

Leave a Reply

Your email address will not be published. Required fields are marked *