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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: dybdahl who wrote (4687)	3/7/2008 11:47:09 AM
From: carranza2	Read Replies (1) \| Respond to of 71423

I have read somewhere that the lending practices were very, uh, favorable to creditors. Much the same as in the US. I don't know whether loans were bundled into securities like US mortgages were. Nonetheless, the recent appreciation of the Swissie [in which many, many loans were denominated] combined with the Swiss National Bank's policy of strengthening it suggests that Eastern European RE is headed for trouble.