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...Does it make sense for the V&A to compete with a far richer institution across the Atlantic? For the museum’s director, Tristram Hunt, the answer is an emphatic “yes”....
...If it was sitting by itself in a near-yieldless savings account, OK, maybe they do feel richer (though if it hasn’t been moved into a money-market account, they do not feel much richer: average yields on...
...The high cost of borrowing for homebuyers had created a “void in the middle” of the property market, she said, as the rich got richer, while buyers who could not pay cash were sidelined as rents in the city...
...Second, corporate investment in AI pays off, letting companies automate tedious processes and expand output. Lower mortgage rates create a big housing snapback....
...Alfie Stirling, chief economist at the Joseph Rowntree Foundation, said that for many in less secure industries, “the worst may be still to come” as higher interest rates prompt companies to cut jobs....
...Since the financial crisis, average pay growth has been puny in real terms but average house prices have soared, making property owners feel considerably richer....
...If wholesale energy prices fall, we’re richer and it’s not inflationary. So that is just good news....
...While falling, food inflation is still higher than in most richer countries....
...According to industry estimates, out of 37.9mn savers, only about 3.4mn mostly richer people receive wealth advice....
...Sure, your purchasing power has been maintained versus a renter, but in absolute terms you will only feel richer if you move somewhere cheaper. 5....
...The effects are likely to be felt in richer countries too....
...When it came to the brewing US subprime mortgage crisis, Crastes thought doomsayers were getting ahead of themselves....
...Your mortgage debt is considered good because it is widely held to help make you richer — it builds equity in an asset that you expect to grow in value....
...As of the first quarter, mortgage-backed securities issuance had fallen 59 per cent, corporate debt 31 per cent and asset-backed securities 49 per cent, according to Matthew Mish of UBS....
...Last weekend was the company’s busiest of the year....
...The outperformance, calculated from national surveys, held even when researchers factored in faster price rises in richer areas....
...Many companies will fail. It is likely that millions of jobs will be lost. Mortgage repossessions and tenant evictions will increase....
...Poor households in a deprived region can end up with less support than those better off in a richer one....
...This distressingly V-shaped development path is a legacy of India’s original choices....
...High stock prices and tight bond spreads are inflationary; they make more capital available to companies, make households feel richer, and so on....
...The UK wasn’t getting much richer as a nation, but you wouldn’t have known it from all the Audis on the roads....
...Back then, for every new home the company built, Persimmon, one of the UK’s biggest builders, spent £144,400 on land and build costs and made a gross profit of £36,500, financial records show....
...If you have a 3-ish per cent mortgage you took out a few years ago on your current house, and you move to a new house, you will have a 5-ish per cent mortgage, and you will be paying more, living in a less...
...So they have all of this cash from these companies. They got this influx of money. Those companies are highly interest-rate sensitive....
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