Judging from throughout the United States, the Federal Reserve recently released data show that despite the October U.S. consumer credit increased at an annual rate of 33 billion U.S. dollars, but for areas such as credit card revolving credit fell by 56 billion U.S. dollars, a decline of 8.4%, this is the American people credit cards and 26 consecutive monthly decline.
National Retail Association chief executive Matthew Shea (M atthew Shay) that many American families this year, out shopping, would choose the credit card at home, in order to ensure that only a single purchase on the shopping list and budget within the scope of items.
If you want to analyze the deep-seated reasons behind the trend, Virginia, a chain bookstore Barnes & Noble (Barnes & N oble) the cashier that Brian does have a unique persuasive. In order to earn some living expenses, Brian Washington, the east coast of the Potomac River during the day as a cashier in a cafe, a bookstore at night to the West Bank as a cashier. This unique perspective on the stand, he found that coffee shop in Washington, every ten people, some have five customers to use debit cards and cash, and five customers with a credit card; but in a bookstore, eight more customers will use credit cards.
When the communication from the reasons behind this phenomenon, as economist Brian as sharp view: "the people of Virginia, is relatively more affluent side of it, we dare to continue to use credit cards and generous nature to spend money."
Sunday, 26 December 2010
Analysts expect that American house price declines will reach 10% in 2011
According to Voice of the economy, "Financial Post" reported, and now the whole world is paying close attention to economic trends in the two countries, one is China, one is the United States. Eye-catching performance is still struggling housing market, highlighting the fragile recovery in the United States to maintain, are facing challenges.
Zhong Guangwang Beijing December 24, according to Voice of the economy, "Financial Post" reported, and now the whole world is paying close attention to economic trends in the two countries, one is China, one is the United States. Growth rate of the U.S. economy remains the development of the third quarter, but this growth is lower than Wall Street analysts expected. Eye-catching performance is still struggling housing market, highlighting the fragile recovery in the United States to maintain, are facing challenges.
Analysts originally predicted that the U.S. housing market in 2010 in a modest improvement. Now expect a lot of problems with record real estate market is flooded with U.S. house prices will fall in 2011 of up to 10%. Continued weakness on Wall Street, some economists called for Washington to promote the introduction of major interventions, should the market be trapped in long-term stagnation.
Morgan Stanley (Morgan Stanley), Richard Berner, chief U.S. economist said that if the government does not adopt new measures to reduce interest payments and principal balances, then the housing market will remain caught in a "vicious circle": the supply may be exceeds the demand for many years.
Zhong Guangwang Beijing December 24, according to Voice of the economy, "Financial Post" reported, and now the whole world is paying close attention to economic trends in the two countries, one is China, one is the United States. Growth rate of the U.S. economy remains the development of the third quarter, but this growth is lower than Wall Street analysts expected. Eye-catching performance is still struggling housing market, highlighting the fragile recovery in the United States to maintain, are facing challenges.
Analysts originally predicted that the U.S. housing market in 2010 in a modest improvement. Now expect a lot of problems with record real estate market is flooded with U.S. house prices will fall in 2011 of up to 10%. Continued weakness on Wall Street, some economists called for Washington to promote the introduction of major interventions, should the market be trapped in long-term stagnation.
Morgan Stanley (Morgan Stanley), Richard Berner, chief U.S. economist said that if the government does not adopt new measures to reduce interest payments and principal balances, then the housing market will remain caught in a "vicious circle": the supply may be exceeds the demand for many years.
2011 American housing market, confidence decides everything
Lexington, Mass., economic forecasting firm IHS Global Insight economist Patrick Newport (Patrick Newport) that the United States in November new home sales surge the reason is mainly affected by seasonal adjustment factors, in fact 11 actual sales for the month the worst of history.
Even the release of the data sides - the United States Association of Homebuilders (NAHB) has recognized this. The association pointed out that the release of this data, because the rise in new home sales data, based on low, and last month, under the revised data.
Homebuilders Association of the United States (Bob Jones) said that although builders are still facing many unfavorable factors, but in November the improvement of the registration of new home sales is a positive signal.
Currently, the U.S. home builders face a shortage of funds difficult, they can not get financing. They said, when housing demand increases, they can not increase housing supply.
U.S. home builders association data showed U.S. housing to be sold in November compared to 8.2 months, although the increase in October compared with 0.1 months, but when compared with March 2010 of 14.4 months, the situation is better than many. Housing to be sold than the existing homes available for sale to measure the time, data end, indicating strong market demand for more, that the more prosperous real estate market.
Even the release of the data sides - the United States Association of Homebuilders (NAHB) has recognized this. The association pointed out that the release of this data, because the rise in new home sales data, based on low, and last month, under the revised data.
Homebuilders Association of the United States (Bob Jones) said that although builders are still facing many unfavorable factors, but in November the improvement of the registration of new home sales is a positive signal.
Currently, the U.S. home builders face a shortage of funds difficult, they can not get financing. They said, when housing demand increases, they can not increase housing supply.
U.S. home builders association data showed U.S. housing to be sold in November compared to 8.2 months, although the increase in October compared with 0.1 months, but when compared with March 2010 of 14.4 months, the situation is better than many. Housing to be sold than the existing homes available for sale to measure the time, data end, indicating strong market demand for more, that the more prosperous real estate market.
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