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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (247711)	5/11/2010 12:18:18 PM
From: The Reaper	Respond to of 306849

It's amazing to me that the market just goes on it's merry way. I guess that's what $1T will get you these days.

To: Dan3 who wrote (247711)	5/12/2010 6:57:54 AM
From: Dan3	Respond to of 306849

So the whole Europe/Greece thing is getting to be boring old news. Stories getting play today are that some people were actually hired last month (recession's over?!?!), and that China is overheating and may do something about it. China raising the Renminbi, in theory, would help to reduce our imports and increase our exports, stimulating manufacturing and reducing deficits. This because it raises prices of consumer goods from China, reducing demand for those goods. It will also act to reduce the (relative) value of the dollar, raising the (U.S.) price of things like oil, steel, and food. Which acts to reduce domestic demand for those items, depressing the economy. We buy a lot of stuff from China, but buy more from ourselves. Be interesting to see what the market does today. --------------- China’s National Bureau of Statistics said that retail sales and bank lending soared in April, while pressure on inflation rose. It also said that home prices jumped a record 12.8 percent from a year earlier, despite many measures aimed at cooling the sizzling property market. Analysts say the new data will probably increase pressure on Beijing to raise interest rates and allow its currency, the renminbi, to appreciate against the dollar — a move that would make imports cheaper but exports more expensive. “Right now, the growth is very strong,” said Wang Tao, an analyst at UBS Securities in Beijing. “The lending number was bigger than expected. We’re expecting a rate hike in June.” More at: nytimes.com