The Fed Is the Top Dog

i want to talk about the link between the fed and property markets all round the world. All these property companies borrow in dollars because for the last few years it's been aly cheap to borrowin dollars. The cost of capital in america has an impact on the price of houses here and the price of rent hereand it's all interlinked. i tell you what, we're going to go now and talk to an extraordinary journalist in the states who has written a fantastic book called the lords of easy finance. His name is christopher leonard. But before we do this part of the chat, i just want to talk to him about something which is very fascinating: Who are