Archive for August 14th, 2007

Assorted Links

August 14, 2007

1. MR points to this interesting story:

When an investment banker set out to buy a $1.5 million home on Long Island last month, his mortgage broker quoted an interest rate of 8 percent. Three days later, when the buyer said he would take the loan, the mortgage banker had bad news: the new rate was 13 percent.

2. WSJ Blog asks which Central bank has the right idea?

3. WSJ Blog points to this article that discusses Chinese Bubbles. China has 3 bubbles: equity, product-safety and pollution.

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