Karl Deeter: Central Banks are the disease, not the cure
Even though the central banks have got it wrong, they won’t pay for it
There is a ‘central bank bubble’ forming in the world. There’s also a strong chance you haven’t read about it in any Irish media, but there is a strong chance you heard about Central Bank lending rules.
The Central Bank review of mortgage lending rules last week was a sideshow. Most of the commentary about its rules (including much of my own) is therefore noise.
The Central Bank’s rules haven’t worked; they won’t...
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