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Can US property reflate the global economy?

September 20, 2019 - 13:20 -- Admin

Via Damien Boey at Credit Suisse: US existing home sales surprised to the upside, rising by 1.3% in August, taking year-ended growth higher to 2.6% from 0.6%. Housing demand was looking weak at the end of 2018, but now it seems to be turning around, largely in response to lower bond yields and mortgage rates.

The post Can US property reflate the global economy? appeared first on MacroBusiness.

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