banking: Housing Update Spring 2012
- 03/08/12 09:57 AM
by LC Wong Mar 8 2012 There’s been much talk that the rising gas prices will derail the economic recovery. I will play the devil’s advocate here and say that last year around this time, gas prices spiked as well and it was short-lived through talks with OPEC and we may see that happen again here. I do agree that there is much tension in theMiddle Eastso we have to keep a watchful eye on that situation. As for the positive turn in the economy and the increased consumer confidence, I am a believer that we are indeed turning the corner … (0 comments)
banking: Perspective: Problem in Housing 2011
- 10/22/11 02:31 PM
by LC Wong Oct 16 2011 A fellow colleague of mine, Logan Mohtashami at Benzinga.com, had asked me what I thought the problem in housing was and what could be done to fix the housing problem and his query inspired this response: The biggest problem in housing involves many issues in our economy. First, banks are not lending and the reason for that is because borrowers are not able to qualify due to tight lending requirements and home equity deteriorating. Banks are also not lending because of the imposed Basel III reserve requirements and the Dodd-Frank Act as this article mentions about … (6 comments)
by LC Wong Mar 8 2012
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