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  1. #1
    Join Date
    Jul 2003
    Location
    Kapiti in New Zealand
    Posts
    4,031

    Default What do the Banks Know?

    Hello all,

    An interesting thread has been started in the UK Section and I was wondering if the US was seeing the same thing.

    Basically banks are lending out large sums of $$ to people who really cannot afford to managed the loan if a downturn in the economy happens.

    In my humble and novice opinion it seems to be a waning sign that the banks foresee a downturn in the economy and are "making hay while the sun shines".

    Cheers

    Marc
    Free business resources - www.BusinessBlogsHub.com


 

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