Greenspan Says Regulator Role Will Undermine Fed’s Credibility

In an interview on CNBC, Former Federal Chairman Alan Greenspan warned that if the Federal Reserve is given a role to oversee the financial system it could undermine its credibility.

Greenspan said the US is facing a "once in a century crisis." He warned that the U.S. teeters on the brink of recession...

Written by Mortgage News Daily - Mortgage And Real Estate News on July 31st, 2008 with no comments.
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A Loaf of Bread for Z$200 Billion? Now That’s Inflation

Zimbabwe is the latest example of what happens when inflation spirals out of control to the point of hyperinflation. With the highest rate of inflation in the world - about 2.2 million per cent - Zimbabwe last week issued a Z$100 billion note, though still not enough to buy a loaf of bread, which is roughly double the price.

Written by Mortgage News Daily - Mortgage And Real Estate News on July 31st, 2008 with no comments.
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