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Related Special Reports
...PwC has built up a significant business auditing Chinese real estate groups, and has acted for several other developers that have struggled, including Country Garden, Sunac, R&F Properties and Shimao....
...“The sector is driving real growth for the economy, while creating jobs and meaningful work at an extraordinary pace....
...MA: All of those factors are relevant for the real neutral rate of interest, or R-star. This measures the real rate of interest at which inflation is at target when the economy is in a steady state....
...Economists and policymakers told many stories explaining the decline in nominal and real interest rates including the control of inflation, secular stagnation, a savings glut from Asian economies, rising...
...This global trend real interest rate, Global R*, acts as an anchor for domestic interest rates in open economies, so that estimates of Global R* are important inputs to longer-term structural analysis, including...
...While economists are searching for R-star, the level of rates consistent with equilibrium in the real economy, Harriet Clarfelt (Big Read, November 8) convincingly makes the case that corporate debt portfolios...
...For ages, bond yields were low and guesstimates of R-star were low....
...Some economists see signs that the R-star has risen....
...Wages are growing in real terms and the jobs market is strong....
...Political will for public R&D investment has materialised....
...Further reading: — The *real* yield curve has just inverted — R* Wars — A New Hope? — How steep is your curve?...
...However, real political leadership is about doing the right thing and bringing people with you....
...There’s no real reason that higher policy rates in 2024 would cause the 30-year yield to jump....
...Alternately, more economic strength could convince central bankers they need to raise rates further because R* is actually higher after Covid-19....
...The most important fiscal relationship, the gap between real rates and long-term growth (“r minus g”), has gone from negative to near-zero....
...Wirrick envisaged it as a mid-tempo R&B ballad until Sylvester sped it up and added a disco groove with the help of synth wizard Patrick Cowley....
...This is particularly compelling given that underperformance of staples began at about the same time that bonds began to offer positive real yields, and has continued as real yields have risen further....
...Microsoft — as the world’s largest company by market capitalisation — is the index’s biggest dividend payer in real terms, handing $22.3bn to shareholders on an annual basis, according to S&P....
...Itaú BBA estimates between R$50-R$70bn in proceeds from IPOs and other equity issues in Brazil this year, with between 25 and 35 transactions....
...Revenues meanwhile increased from R$140mn in 2022 to R$402mn last year. Textor says the target is to break even next year....
...“We had done a bunch of R&D to convince ourselves it worked, but Nord Stream was so big it was the first really clear example to demonstrate what we could do,” says Stephane Germain, founder and president...
...Cheung, who has been researching China’s defence-industrial complex and military procurement for many years, said that after extensive R&D over the past three decades, production of a number of systems such...
...It is the (real) rate that neither buoys nor depresses the economy once temporary shocks have faded away. Central bankers believe that they can neither influence it nor observe it....
...Posen: Economists tend to talk about this as R-star, the neutral interest rate for the economy. The way to think of it is roughly the 10-year real Treasury rate when the economy is at full employment....
...Here are the answers: 1) Cross-currency basis swap (EURUSD) 2) Ham prices (UK) 3) Real yield, 5-year US Treasury 4) ICE BofA Retail Index OAS: The retailer focus was meant to fit with the loose holiday...
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