Insufficient demand is still an important reason for restricting the manufacturing rebound. From the sub-indices, the new orders index and new export orders index continued to decline significantly, output index continued to decline. Input prices fell slightly contraction rate, but prices continue to drop quickly. July improvement in the employment index also declined in August.
Each sub-index are not optimistic, manufacturing downward pressure is still large. Market analysis, the central bank may imminently cut the RRR to increase the supply of liquidity, to compensate for the outflow of foreign exchange, to reduce the liquidity gap. The probability of a drop in the RRR at the end of the weekend is high.
"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
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