Word: short-term
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...moments before it runs off the cliff. But with Chinese incomes surging and well-paid expats flocking to Shanghai, I have little doubt that luxury apartments in prime locations are a great bet if you hold on to them long enough. As Faber says, "You may overpay on a short-term basis, but real estate in China makes sense in the long term." Of course, the same was true of New York. If we'd held on to that dud apartment for a few more years, it would now be worth about three times what we paid...
Furthermore, it is misleading to cite the short-term increase in government borrowing—the “transition costs”—as a downside to PRAs. Government borrowing hurts the economy because it saps funds from the supply of national savings and thus raises real interest rates, which crowds out private investment. But every dollar the government borrows is transferred into PRAs, which increases the supply of savings by an equal amount. The net effect on national savings is zero...
Inflation has been dead so long that even a warning from Alan Greenspan inspires skepticism. "I don't think we're going to have an inflation problem," said economist Robert Brusca of FAO Economics following the Federal Reserve Chairman's words of concern accompanying a hike in short-term interest rates last week. "I think we have a Fed-credibility problem." Brusca is more worried about nascent signs of weakness, including eroding consumer confidence. A slowdown would quell inflationary pressures quickly, and one theory is that Greenspan's warning was part hype to justify jacking up rates so that...
...conventional wisdom is that the price gains might slow, at least for a while, but that only tougher measures will truly strangle speculation. Andy Xie, Morgan Stanley's resident property bear, suggested that a 50% capital-gains tax for short-term buyers might do the trick. In the meantime, the bullish mood in Shanghai and other booming Chinese cities is "just phenomenal," says Anton Eilers, regional residential director at property firm Colliers International. "Putting a couple of small rocks on the track isn't going to stop the train...
...report also criticizes schools of education for being “cash cows,” setting low admissions requirements and offering short-term degree programs to generate revenue for their universities...