Fortune (September 4)
“The Pandemic Housing Boom saw U.S. home prices spike an unprecedented 43% in just over two years. But that’s over now: Spiked mortgage rates have pushed the U.S. housing market into a sharp slowdown that could threaten some of those gains.” Estimates on potential 2023 home price changes range from +2.4% to -15%, with nearly all certain that some regions will decrease.
Tags: 43%, Gains, Home prices, Housing boom, Mortgage rates, Pandemic, Slowdown, Spike, Threaten, U.S., Unprecedented
South China Morning Post (October 18)
Coal prices have “more than tripled in a year to near historical highs” and look poised to keep climbing, driven by a coal shortage that could threaten the global economic recovery. “Blackouts could spread from China and India to all the emerging economies still mostly reliant on coal. As supply can’t be ramped up in the near term, the shortages could worsen as energy demand rises with winter’s arrival. That may trigger another emerging-market crisis.”
Tags: Blackouts, China, Coal, Demand, Economic recovery, Emerging-market crisis, Energy, India, Prices, Reliant, Shortage, Supply, Threaten, Tripled, Winter
Washington Post (January 10)
“As spending climbs and revenue falls, the coronavirus” is forcing “a global reckoning.” The resulting “debt tsunami” will threaten “even stable, peaceful middle-income countries.” Costa Rica is just one such country “scrambling to stave off a full-blown debt crisis, imposing emergency cuts and proposing harsher measures that touched off rare violent protests last fall.” The “progressive, eco-friendly nation is weighing desperate solutions — including open-pit gold mining, even oceanic fracking.”
Tags: Coronavirus, Costa Rica, Crisis, Cuts, Debt tsunami, Desperate, Eco-friendly, Global reckoning, Mining, Open-pit, Peaceful, Progressive, Protests, Revenue, Scrambling, Spending, Stable, Threaten, Violent
Wall Street Journal (October 31)
“The Dow Jones Industrial Average declined Friday, closing out its worst week and month since March in the final lap of the presidential race. Volatility reigned” as “investors have been spooked by a record high in coronavirus infections in the U.S., fresh lockdowns in Europe that threaten economic growth and a mixed bag of earnings report from big technology companies.”
Tags: Big tech, Coronavirus, Declined, Dow Jones, Earnings, Economic growth, Europe, Investors, Lockdowns, March, Presidential race, Spooked, Threaten, U.S., Volatility, Worst
