by Bloomberg.com | Mar 18, 2024 | alerts, Markets/Economy
NY Fed survey finds rising demand for consumer credit broadly About a third think they’ll get rejected to refinance mortgage Americans increasingly doubt they’ll get approved for a loan to buy a car or refinance a mortgage, according to a survey conducted by the...
by Bloomberg.com | Mar 18, 2024 | alerts, Markets/Economy
Unlike past cycles, debt costs rose more than interest income Burden of interest falls hardest on lower-wealth households When the Federal Reserve raises interest rates, US households — in aggregate — usually get a boost to interest income that outweighs the extra...
by Bloomberg.com | Mar 18, 2024 | alerts, Markets/Economy
Move follows surge in capacity, competition across industry Analysts see potential rebound by late 2024 on consolidation China’s Longi Green Energy Technology Co., the world’s largest solar manufacturer, is cutting almost one-third of its staff to slash costs in an...
by Bloomberg.com | Mar 18, 2024 | alerts, Markets/Economy
Economy seen as stabilizing but consumer demand remains weak Production, investment strength may delay stimulus: economists China’s strong factory output and investment growth at the start of the year raised doubts over how soon policymakers will step up support still...
by CNN | Mar 18, 2024 | alerts, Markets/Economy
Hong KongCNN — China’s key real estate sector hasn’t shown much improvement following a flurry of government measures taken to boost the industry, even as other parts of the economy seem to be stabilizing. New property sales reached a total of 1.06 trillion yuan...
by John Mauldin | Mar 15, 2024 | alerts, Markets/Economy, Mauldin Economics
You may have noticed the stock market rising lately. Much of the gain isn’t so much “the market” as a handful of mega-cap stocks. Nonetheless, the bulls are clearly in charge. The question is how long they will stay there. History suggests longer than many market...
