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LyrArc brings in selected articles from many of the world's top publications.

Articles are selected by experts and you can see the gist of the important articles.

Despite Record Home Prices, Housing Is About to Drag Inflation Down

  
WSJ - 12.17.2023 Original article ›
Gabriel T. Rubin
LyrArc Article Gist
The Seattle area, Bay area, Denver show slowing in rent and housing prices with improvement in affordability, increasing vacancies for rental housing. The housing and rental part makes an outsize part of the CPI index -35%. As prices of housing decline this has an effect on inflation. Fed chairman Powell says activity in the housing area has flattened out and remains well below levels in 2022. One reason Powell says he may cut interest rates next year.

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As China Rises, Fears Grow on Whether Boom Can Endure

11 Groups   
New York Times - 01.12.2010 Original article ›
Michael Wines, Michael, Wines
LyrArc Article Gist
Prof. Scott Kennedy of the Research center for Chinese Politics and Business, voices concerns of experts who think that the $585 billion stimulus and the doubling of lending this year, increase in exports by a third last month, all point to an economy that is expanding too quickly. Kennedy says that no one defies economic laws, that eventually endless growth can get get you in trouble. The concern is whether the overexpansion of credit and the size of the stimulus may have led to overreaction in stimulus spending. People's Daily newspaper of China said that China's leaders are moving much faster than leaders of developed nations. But the flip side of this is that in the rush to increase spending there may be a lot of wasteful spending resulting in many bad loans a few years from now.
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China Tries to Shut Rising Income Gap

24 Groups   
Wall Street Journal - 12.10.2012 Original article ›
Bob Davis, Bob, Davis
LyrArc Article Gist
Efforts to boost the share of national income that goes to rural households and workers in China. The share of income taken by state owned enteprises and taxes paid by the enterprises would have to change for reducing the gap in incomes and reducing inequality in China.
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