Financial Times (March 2)
“Surging property prices in recent years has been a common theme for many major cities around the world.” In Tokyo, the difference is “that a longer-lasting trend is driving prices this time. The number of wealthy households in Japan has reached a record 1.5mn as the total amount of financial assets has also risen every year since 2013.” In addition, “demand from wealthy Chinese buyers” is boosting demand.
Tags: 2013, Boosting, Chinese buyers, Cities, Demand, Financial assets, Japan, Property prices, Surging, Tokyo, Trend, Wealthy households
Wall Street Journal (November 13)
“Foreclosures are surging in an opaque and risky corner of commercial real-estate finance, offering one of the starkest signs yet that turmoil in the property market is worsening.” Through just October, the Journal found notices for “mezzanine loans and other high-risk loans” had already more than doubled the number for all of 2022 and likely reached “the highest total ever for a single year, as higher interest rates and rising vacancies punish the property sector.”
Tags: Commercial, Finance, Foreclosures, Highest, Interest rates, Mezzanine loans, Property market, Real estate, Risky, Surging, Turmoil, Worsening
Reuters (July 14)
“After staring parity against the dollar in the face for days, the euro finally broke the key level.” The immediate cause was surging U.S. inflation, which strengthens “the case for a supersized 100 bps rate hike by the Federal Reserve” should it choose to follow the Bank of Canada, which “paved the way” with “the first 100-basis-point rate increase among the world’s advanced economies in the current policy-tightening cycle.”
Tags: 100 bps, Advanced economies, Bank of Canada, Dollar, euro, Fed, Inflation, Parity, Policy-tightening cycle, Rate hike, Surging, U.S.
Wall Street Journal (April 26)
“Worries about the war in Ukraine, China’s Covid-19 outbreak, a U.S. or European recession and surging global inflation are making a long-spurned asset increasingly popular with Wall Street’s top money managers these days: cash.” Increasingly asset managers “are looking to move funds into low-risk, cash-like assets. That marks a shift from recent years, when steadily climbing equity indexes trained investors to buy every dip and not miss out on gains by holding cash.”
Tags: Asset, Asset managers, Cash, China, COVID-19, Dip, Europe, Inflation, Investors, Low-risk, Money managers, Recession, Shift, Spurned, Surging, U.S., Ukraine, Wall Street, War, Worries
Atlanta Journal-Constitution (February 7)
“Omicron was supposed to wreak havoc on the labor market.” Instead, companies are trying “to retain workers now that hiring new ones has become costlier and more difficult.” January’s jump in hiring also demonstrates “the economy’s growing capacity to weather renewed waves of surging coronavirus cases.”
Tags: Surging
Bloomberg (November 1)
“China’s economy showed signs of further weakness in October as power shortages and surging commodity prices weighed on manufacturing, while strict Covid controls put a brake on holiday spending.” The purchasing mangers’ index shows “the economy is under pressure from both the supply and demand side.”
Tags: China, Commodity, Covid, Economy, Manufacturing, October, PMI, Power shortages, Prices, Spending, Strict, Supply, Surging, Weakness
Wall Street Journal (October 28)
The U.K. dialed back government stimulus for the fast growing British economy, one of the first big Western economies to step away from the emergency policies put in place to tackle the coronavirus pandemic.” The shift is being spurred by “a buoyant growth outlook and concern over surging inflation,” which is “expected to accelerate to around 5% next year, more than double the BOE’s 2% goal.”
Tags: Buoyant, Concern, Coronavirus, Emergency policies, Fast growing. British economy, Government, Growth, Inflation, Outlook, Pandemic, Stimulus, Surging, U.K.
Wall Street Journal (October 7)
“Natural gas stocks are alarmingly low around the world, and prices in most places have never been higher after surging to new records…. Demand has jumped as economies have bounced back from pandemic shutdowns, and the squeeze has caught traders, shipowners and energy executives off guard.” Nations that “have wound down coal-fired plants and become more dependent on gas” are particularly vulnerable and, in some cases, restarting mothballed power plants despite higher GHG emissions.
Tags: Coal, Demand, Economies, Energy, GHG emissions, Natural gas, Pandemic, Prices, Records, Shipowners, Shutdowns, Squeeze, Stocks, Surging, Traders, Vulnerable
Wall Street Journal (August 19)
“Coronavirus infections are surging again across much of Europe and governments are racing to prevent a full-fledged second wave of the pandemic.” Infection levels still “remain far lower in Europe than in much of the U.S. The seven-day average of new daily U.S. cases is running at nearly 150 cases per million people, about five times the number across Germany, France, Spain, Italy and the U.K.”
Tags: Coronavirus, Europe, France, Germany, Governments, Infections, Italy, Pandemic, Prevent, Second wave, Spain, Surging, U.S.
Washington Post (June 12)
“Every three days or so, the United States suffers as many deaths from covid-19 as lives were lost in the Sept. 11 terrorist attacks. The pandemic is emphatically not over: Some places are experiencing new spikes in cases, positive test results, hospitalizations and deaths…. The country is now a crazy quilt of local responses, with the virus surging in places and flattening in others, but still on the march overall.”
Tags: COVID-19, Deaths, Hospitalizations, Pandemic, Sept. 11, Spikes, Surging, Terrorist attacks, Test results, U.S. Suffers
