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Nearly 80% of American community banks predict that the US housing market will collapse within five years.
Economists expect the U. S. housing market to cool slowly after the white-hot 2021. But community bankers worry that the end of the buying spree will be more dramatic. According to a survey released Wednesday by software companies MANTL and Wakefield Research, 78 per cent of community bank executives predict that the US real estate market will collapse sometime in the next five years. This widespread concern comes after months of record-breaking house price rises, making it difficult for buyers to keep up. According to the CoreLogic house price index, US house prices rose 18.1% in August from a year earlier.
Nearly 20% of American households lost all their savings during the outbreak.
For many Americans, having nowhere to go and nothing to do under the epidemic blockade is a good time to save money. But for nearly 20% of American households, the pandemic destroyed all their financial buffers, according to a poll released on Tuesday. A poll by National Public Radio, the Robert Wood Johnson Foundation and the Harvard Chen Zengxi School of Public Health found that the proportion of respondents who lost all their savings among those earning less than $50, 000 a year jumped to 30 per cent. Black and Hispanic families have also been hit harder. The researchers surveyed 3616
Starwood CEO: there are two stock markets today, one of which is full of bubbles
Barry Sternlich (Barry Sternlicht), the US real estate and hotel investment tycoon and CEO of Starwood Capital, said on Wednesday that he thought part of the current stock market was full of "speculative bubbles". "there are actually two stock markets today," Sternlich said. There is a place where I grew up. I went to business school and learned about discounted cash flow and the company's ability to pay dividends and growth. " "then there is a complete casino society. A completely speculative bubble, whether it is Mihm stock, or even the price-to-earnings ratio of some technology companies is unimaginable.
Alphabet Inc-CL C was fined 177 million US dollars by South Korea for abusing his dominant position to crowd out competitors.
South Korean regulators announced on Tuesday that Alphabet Inc-CL C, a unit of Alphabet, was fined 207.4 billion won ($177 million) for allegedly abusing the market dominance of its Android operating system to hinder the development of competitors. South Korea's Fair Trade Commission said Alphabet Inc-CL C's mobile operating system drives more than 80 per cent of the world's smartphones and accused Alphabet Inc-CL C of using his strong bargaining power to crowd out competitors. The Anti-fragmentation Agreement (AFA) reached by Alphabet Inc-CL C with handset makers such as Samsung Electronics and LG Electronics prohibits handset makers from developing or using modified Android operations.
Tesla, Inc., the electric Mustang and the Audi fuel car held a road rally, and the result was a little different.
Marques Brownlee, an American technology broadcaster, recently conducted an experiment to find out which way is more suitable for road travel: traditional fuel-fueled cars or electric cars. Brownley and his team prepared three cars for a two-day road trip in New York, including a gasoline-powered Audi Q5, a Tesla, Inc. Model S Plaid and a Ford Mustang Mach-E electric SUV. They all start from the same location, the fuel tank or battery is full, in order to compare the driving time of each car. This 1000 miles
The scale of the Fed's overnight reverse repurchase operation is bound to set a new record again.
The use of overnight reverse repo agreements by the Fed is expected to hit an all-time high as short-end interest rates remain near zero. The overnight general guaranteed repo rate traded at 0 per cent for the first time, with a bid price of 0.01 per cent at 0 per cent, according to ICAP. On Monday, the use of reverse repo tools rose to a record high of $486.1 billion, surpassing the high of $485.3 billion on May 27 and up from $483.3 billion on June 4. Analysts at the Oxford Institute of Economics pointed out in a report that the general guaranteed repo rate is expected to remain under pressure during the settlement period, and the demand for overnight reverse repurchase operations will be available with the approach of next week's FOMC meeting.