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Reprinted from 622004674 at 10:03 on August 29,
shoes puma, 2010 Reading (loading. ..) Comments (0) Category: Financial Perspective
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- price instability would not raise interest rates
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-2010-8-28 Daily News
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not only China, the global economy are tied to the chariot in real estate. -
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investment goods as the real estate market crash, the market split into: an endless stream of money to create a black hole can not save the mortgage derivatives market, the real economy and capital market in general tired weak, on the other hand, too much liquidity in the bond and other fields to create one after another bubble. The latest extreme example is the issue of rail operator Norfolk Southern's 100-year bonds yield only 5.95%, the market still flock to issue bonds that the company will double the size of 2.5 billion U.S. dollars. International investors tired of the high-risk derivatives, bonds and dividends have taken refuge in the search for comfort. -
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the U.S. property market downturn to the virtual collapse of the economy can not recover, which means that investment institutions and investors, the balance sheet repair work is not done. -
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tax rebate policy in the U.S. real estate market stimulation, there was moderate evidence, but recently began to decline. -
- China surpassed the United States,
puma shoe, but also how many years?
6 month data showed a slow recovery in the U.S. real estate among the channels. U.S. S & P / CS body July 27, 2010 released data show that sales of season and housing benefit from tax incentives, the United States May 20 cities the chain price index increased by 1.3%, up 4.6%. June 2010 sales of U.S. existing homes rose 3.6% qoq, for the third consecutive month of positive growth, sales volume has reached since October 2009 a new high, while the number of the month backlog of homes for sale fell 0.7%. U.S. new home sales in June were also higher than market expectations, up 11% compared with May, the biggest gain 8-year high,
puma shoes on sale, pending home sales index for the fifth consecutive increase. -
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7 月份 frustrating. U.S. Department of Commerce on August 25 published data showed U.S. new home sales in July fell 12.4% monthly rate, the total number of new home sales of only 276,000, less than economists had expected 330,000, the data in 1963 compiled the lowest level since the beginning. July's median price fell 4.8% to 20.4 million. A day earlier, the U.S. real estate brokers association said July's sharp drop in second-hand housing sales figures to a record 27.2%, nearly twice the average market expectations. Used by the U.S. housing stock of 8.9 million in June rose to 12.5 million, in July of second-hand housing stock the highest level for 10 years, to an already running in the low pressure house prices have continued to decline. -
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decline in housing prices of investment goods and real estate as the turnover rate,
puma sneakers, which directly affect the currency of the elastic. Can stimulate the real estate turnover rate increased monetary growth produces both inflation expectations, and creating false mortgage loans through the wealth effect of increased consumption, which has been analyzed Soros. After the collapse of the real estate market, the book vanished wealth, the real debt surfaced, and now the United States and Japan in those years is exactly the same, but the United States a much larger scale of derivatives, the phantom of wealth is even more fascinating. -
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control policy did not change China's real estate signs. Vice Premier Li Keqiang stressed the inhibition of 8 days, two real estate speculation. August 24, the National Development and Reform Commission, said Xu Lin, Secretary of Finance, China plans to implement a series of tax reforms, including promoting property tax reform; Two days later, the National Development and Reform Commission Zhang Ping, the eleventh NPC Standing Committee meeting, said that at present some cities are still high real estate prices, control the real estate market is still heavy, will stabilize the real estate control policies to curb some of the further implementation of the measures of housing prices rose too fast and resolutely curb speculative investment buyers demand. -
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Unlike the U.S., the Chinese real estate market is the result of active regulation of real estate as the credit of the most important collateral for the decline in turnover rate turnover rate can lead to a decline in the currency, More importantly, can reduce the credit to reduce the release of the monetary base. -
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Moreover, China's central bank is moving from the source to reduce the release of the monetary base. Since 2003, China issued a major channel is the base currency, foreign exchange, the central bank decided to adopt an international approach to reducing the renminbi foreign exchange. August 27, the State Administration of Foreign Exchange decided that from October 1, 2010 onwards, in Beijing, Guangdong (including Shenzhen), Shandong (including Qingdao), the four regions of Jiangsu Foreign policy export earnings pilot store, do not have to return home forced settlement,
puma future cat, the pilot period of one year. As a result the trade surplus will not be flooding into the domestic RMB everywhere. If in the future do not need to return to the domestic renminbi, it means that no foreign exchange for a payment of money, said the yuan international success. -
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order to promote the internationalization of the RMB, the People's Bank of China plans to open before the foreign central banks and commercial banks to buy treasury bonds of the pilot, the inevitable internationalization of the RMB capital market, or the RMB can not be a reserve of international investors currency and investment currency. -
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taking into account the hundreds of trillions of dollars of derivatives market collapse, the real estate market is still down, European and American central bank could raise interest rates. China's central bank through the internationalization of the RMB,
puma racing shoes, to raise the deposit reserve ratio, balance sheet statement of assets and other measures, the current interest rates are the resources of the national currency of country, or are agricultural countries suffering from rising prices, countries hit by derivatives all hold. -
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real estate market bubble as a carrier if the currency no longer exists, need not raise interest rates. -
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Note: work with is good, the premise is not too tired. Weekend lectures and participate in activities, meet with friends. -
weekend, and I wish my friends had a good weekend. -
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