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MalcolmLi

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- MalcolmLiMalcolmLi
  ·2021-07-26
  GG
  Asia stocks sidelined as funds flock to Wall St
  SYDNEY (Reuters) - Asian shares struggled to rally on Monday as super-strong U.S. corporate earnings
  Asia stocks sidelined as funds flock to Wall St
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- MalcolmLiMalcolmLi
  ·2021-07-26
  Nic3
  Housing Economist Sanders: Home Price Growth Rate 'Is Not Sustainable'
  The U.S. housing market appears to be in a nonstop state of upward ascension. The most recentdatafro
  Housing Economist Sanders: Home Price Growth Rate 'Is Not Sustainable'
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- MalcolmLiMalcolmLi
  ·2021-07-22
  Nice
  SEC’s Gensler Issues Warning as Fake Stocks Bloom on Blockchains
  (Bloomberg) -- Securities and Exchange Commission Chair Gary Gensler has a warning about the synthet
  SEC’s Gensler Issues Warning as Fake Stocks Bloom on Blockchains
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- MalcolmLiMalcolmLi
  ·2021-07-19
  Cool
  Oil falls more than 1% after OPEC+ agrees to boost supply
  TOKYO (Reuters) - Oil prices fell more than 1% on Monday, hit by an agreement over the weekend withi
  Oil falls more than 1% after OPEC+ agrees to boost supply
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08:26","market":"hk","language":"en","title":"Asia stocks sidelined as funds flock to Wall St","url":"https://stock-news.laohu8.com/highlight/detail?id=2154589937","media":"StreetInsider","summary":"SYDNEY (Reuters) - Asian shares struggled to rally on Monday as super-strong U.S. corporate earnings","content":"<p>SYDNEY (Reuters) - Asian shares struggled to rally on Monday as super-strong U.S. corporate earnings sucked funds out of emerging markets and into Wall Street, where records were falling almost daily.</p>\n<p>More than <a href=\"https://laohu8.com/S/AONE.U\">one</a> third of S&amp;P 500 is set to report quarterly results this week, headlined by <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, Tesla Inc, Apple Inc, Alphabet Inc, Microsoft Corp and Amazon.com.</p>\n<p>With just over a fifth of the S&amp;P 500 having reported, 88% of firms have beaten the consensus of analysts' expectations. That is a major reason global money managers have poured more than $900 billion into U.S. funds in the first half of 2021.</p>\n<p>Oliver Jones, a senior markets economist at Capital Economics, noted U.S. earnings were projected to be roughly 50% higher in 2023 than they were in the year immediately prior to the pandemic, significantly more than was anticipated in most other major economies.</p>\n<p>\"With so much optimism baked in, it seems likely to us that the tailwind of rising earnings forecasts, which provided so much support to the stock market over the past year, will fade,\" he cautioned.</p>\n<p>Nasdaq futures were up 0.1% in early trade, while S&amp;P 500 futures held steady.</p>\n<p>As funds flock to Wall Street, Asian markets have been largely snubbed. MSCI's broadest index of Asia-Pacific shares outside Japan has been trending sideways since March and was up just a fraction on Monday.</p>\n<p>Japan's Nikkei bounced 1.6% in early trade, but that was off a seven-month low. South KoreaKS11&gt; has fared somewhat better thanks to demand for tech stocks but was little changed on Monday.</p>\n<p>The week is also packed with U.S. data that should underline the economy's outperformance. Second-quarter gross domestic product is forecast to show annualised growth of 8.6%, while the Fed's favoured measure of core inflation is seen rising an annual 3.7% in June.</p>\n<p>The Federal Reserve meets on Wednesday and, while no change in policy is expected, Chair Jerome Powell will likely be pressed to clarify what \"substantial further progress\" on employment would look like.</p>\n<p>\"The main message from Fed Chair Powell’s post-meeting press conference should be consistent with his testimony before Congress in mid-July when he signalled no rush for tapering,\" said NatWest Markets economist Kevin Cummins.</p>\n<p>\"However, he will clearly remind market participants that the taper countdown has officially begun.\"</p>\n<p>So far, the bond market has been remarkably untroubled by the prospect of eventual tapering with yields on U.S. 10-year notes having fallen for four weeks in a row to stand at 1.28%.</p>\n<p>The drop has done little to undermine the dollar, in part because European yields have fallen even further amid expectations of continued massive bond buying from the European Central Bank.</p>\n<p>The single currency has been trending lower since June and touched a four-month trough of $1.1750 last week. It was last at $1.1770 and looked at risk of testing its 2021 low of $1.1702.</p>\n<p>The dollar has also been edging up on the yen to reach 110.57, but remains short of its recent peak at 111.62. The fall in the euro has lifted the dollar index to 92.891, a long way from its May trough of 89.533.</p>\n<p>The rise in the dollar has offset the drop in bond yields to leave gold range-bound around $1,800 an ounce.</p>\n<p>Oil prices have fared better amid wagers demand will remain strong as the global economy gradually opens and supply stays tight. [O/R]</p>\n<p>Brent was trading 23 cents firmer at $74.33 a barrel, while U.S. crude added 20 cents to $72.27.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia stocks sidelined as funds flock to Wall St</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia stocks sidelined as funds flock to Wall St\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-26 08:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18716571><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SYDNEY (Reuters) - Asian shares struggled to rally on Monday as super-strong U.S. corporate earnings sucked funds out of emerging markets and into Wall Street, where records were falling almost daily....</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18716571\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","09086":"华夏纳指-U","SH":"标普500反向ETF","03086":"华夏纳指","IVV":"标普500指数ETF","UPRO":"三倍做多标普500ETF","SSO":"两倍做多标普500ETF",".SPX":"S&P 500 Index","SDS":"两倍做空标普500ETF","OEX":"标普100","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18716571","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154589937","content_text":"SYDNEY (Reuters) - Asian shares struggled to rally on Monday as super-strong U.S. corporate earnings sucked funds out of emerging markets and into Wall Street, where records were falling almost daily.\nMore than one third of S&P 500 is set to report quarterly results this week, headlined by Facebook Inc, Tesla Inc, Apple Inc, Alphabet Inc, Microsoft Corp and Amazon.com.\nWith just over a fifth of the S&P 500 having reported, 88% of firms have beaten the consensus of analysts' expectations. That is a major reason global money managers have poured more than $900 billion into U.S. funds in the first half of 2021.\nOliver Jones, a senior markets economist at Capital Economics, noted U.S. earnings were projected to be roughly 50% higher in 2023 than they were in the year immediately prior to the pandemic, significantly more than was anticipated in most other major economies.\n\"With so much optimism baked in, it seems likely to us that the tailwind of rising earnings forecasts, which provided so much support to the stock market over the past year, will fade,\" he cautioned.\nNasdaq futures were up 0.1% in early trade, while S&P 500 futures held steady.\nAs funds flock to Wall Street, Asian markets have been largely snubbed. MSCI's broadest index of Asia-Pacific shares outside Japan has been trending sideways since March and was up just a fraction on Monday.\nJapan's Nikkei bounced 1.6% in early trade, but that was off a seven-month low. South KoreaKS11> has fared somewhat better thanks to demand for tech stocks but was little changed on Monday.\nThe week is also packed with U.S. data that should underline the economy's outperformance. Second-quarter gross domestic product is forecast to show annualised growth of 8.6%, while the Fed's favoured measure of core inflation is seen rising an annual 3.7% in June.\nThe Federal Reserve meets on Wednesday and, while no change in policy is expected, Chair Jerome Powell will likely be pressed to clarify what \"substantial further progress\" on employment would look like.\n\"The main message from Fed Chair Powell’s post-meeting press conference should be consistent with his testimony before Congress in mid-July when he signalled no rush for tapering,\" said NatWest Markets economist Kevin Cummins.\n\"However, he will clearly remind market participants that the taper countdown has officially begun.\"\nSo far, the bond market has been remarkably untroubled by the prospect of eventual tapering with yields on U.S. 10-year notes having fallen for four weeks in a row to stand at 1.28%.\nThe drop has done little to undermine the dollar, in part because European yields have fallen even further amid expectations of continued massive bond buying from the European Central Bank.\nThe single currency has been trending lower since June and touched a four-month trough of $1.1750 last week. It was last at $1.1770 and looked at risk of testing its 2021 low of $1.1702.\nThe dollar has also been edging up on the yen to reach 110.57, but remains short of its recent peak at 111.62. The fall in the euro has lifted the dollar index to 92.891, a long way from its May trough of 89.533.\nThe rise in the dollar has offset the drop in bond yields to leave gold range-bound around $1,800 an ounce.\nOil prices have fared better amid wagers demand will remain strong as the global economy gradually opens and supply stays tight. [O/R]\nBrent was trading 23 cents firmer at $74.33 a barrel, while U.S. crude added 20 cents to $72.27.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177765532,"gmtCreate":1627262614926,"gmtModify":1703486174914,"author":{"id":"3582677596416491","authorId":"3582677596416491","name":"MalcolmLi","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582677596416491","authorIdStr":"3582677596416491"},"themes":[],"htmlText":"Nic3","listText":"Nic3","text":"Nic3","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/177765532","repostId":"1188501846","repostType":4,"repost":{"id":"1188501846","pubTimestamp":1627261010,"share":"https://ttm.financial/m/news/1188501846?lang=&edition=fundamental","pubTime":"2021-07-26 08:56","market":"us","language":"en","title":"Housing Economist Sanders: Home Price Growth Rate 'Is Not Sustainable'","url":"https://stock-news.laohu8.com/highlight/detail?id=1188501846","media":"Benzinga","summary":"The U.S. housing market appears to be in a nonstop state of upward ascension. The most recentdatafro","content":"<p>The U.S. housing market appears to be in a nonstop state of upward ascension. The most recentdatafrom the&nbsp;<b>U.S. Census Bureau</b>and<b>Department of Housing and Urban Development</b>&nbsp;found single‐family housing starts in June totaled 1.16 million, 6.3% higher than the revised May figure of 1 million.</p>\n<p>Other new data reports from&nbsp;<b>RE/MAX LLC</b>RMAX 0.74%saw home sales up 14.2% from May to June, the largest month-over-month increase since the company began tracking this data 13 years ago, while June’s median sales price of $336,000 was a new record peak.</p>\n<p>To understand where the housing market is headed, Benzinga spoke with one of the nation’s most prominent housing-focused economists,<b>Dr. Anthony B. Sanders,</b>distinguished professor of real estate finance at&nbsp;<b>George Mason University</b>and director and head of asset-backed and mortgage-backed securities research at&nbsp;<b>Deutsche Bank AG</b>DB 1.26%in New York City.</p>\n<p>Sanders’ input has been sought in Congressional hearings and by the Bank of England, European Central Bank and the Bank of Japan.</p>\n<p><b>Q: What role does housing play in today's U.S. economy?</b></p>\n<p><b>Sanders:</b>Housing has always been important in the U.S. economy, but less so today than during the 2000s.</p>\n<p>During the 2000s, housing was an easy way to grow GDP (in the same way China builds massive housing projects to boost GDP). But since the housing bubble burst in 2008, leading to the financial crisis, the federal government could not rely on an easy GDP approach since housing is a consumption good, not an investment good. That is, the U.S. was not building plants to produce goods while China was building plants.</p>\n<p><b>Q: All recent data is pointing to median home prices at or near record highs. Is this feasible? And how long can prices go up before they stall or go down?</b></p>\n<p><b>Sanders:</b>Particularly in coastal cities, house prices are at record high, exceeding prices during the infamous housing bubble of 2005-2007. This rate of growth is not sustainable, since the ratio of house price growth to earnings growth is even worse than at the peak of the housing bubble. Then, we have the Federal Reserve which is talking about reducing its Agency MBS, which will put upward pressure on mortgage rates.</p>\n<p><b>Q: What impact will the new elevated inflation rates have on home buying?</b></p>\n<p><b>Sanders:</b>Inflation is a dangerous economic phenomenon. Wages are typically sticky with inflation, but home prices surge during inflationary periods. This makes housing even more unaffordable.</p>\n<p>In the past, attempts at inflation-protected mortgage products like PLAMs (price-level adjusted mortgages) failed.</p>\n<p>Thanks to Fannie Mae and Freddie Mac, adjustable-rate mortgages (that offer inflation protection to lenders and mortgage holders) is only at 3.3% of mortgages, leaving a whopping 96.7% of mortgages as long-term, fixed-rate mortgages.</p>\n<p>Thirty-year fixed-rate mortgages are particularly sensitive to inflationary pressures and interest rate increases. In other words, the Federal Reserve has boxed the mortgage market into a corner ... of risk.</p>\n<p><b>Q: Home construction is more expensive than ever, with increased supply costs and a shrinking labor pool. How are home builders responding to this, and what does it mean for buyers?</b></p>\n<p><b>Sanders:</b>Even though lumber costs have been declining after the spike in price, the cost to build a home is higher than ever. Complicating the federal government's push for affordable housing are local supply constraints, such as zoning laws that discourage new construction.</p>\n<p><b>Q: Speaking of the federal government, what is going to happen to the housing market when the federal moratoriums on forbearance and evictions expire? Will we see a rush of foreclosure filings and tenants kicked out of rental housing to make room for others who can pay higher rents?</b></p>\n<p><b>Sanders:</b>What will happen when the moratoriums and forbearances have been lifted is hotly debated. Once again, skyrocketing housing prices and sticky wage growth is not a recipe for success when the moratoriums and forbearance programs are lifted.</p>\n<p>The Biden administration issued afact sheetto help stem the anticipated spike in foreclosures.</p>\n<p><b>Q: What is the Biden housing policy? And where is HUD SecretaryMarcia Fudgein the policy making? Lately, she seems to be talking about COVID and infrastructure a lot, but what is she doing for housing?</b></p>\n<p><b>Sanders:</b>Biden and his team look like \"deer in the headlights\" with regards to housing policy. It is difficult to have a sane \"affordable\" housing policy with runaway housing prices (which is also inflationary).</p>\n<p>HUD Secretary<b>Shaun Donovan</b>under President Obama at least conceded that most low-income families were better off renting their dwelling and he focused on multifamily programs, not chasing homeownership rates.</p>\n<p>No one knows what Fudge is thinking about housing policy, but the fact sheet from the Biden administration (which was not signed by HUD Secretary Fudge) seems more like \"deer in the headlights\" policy making. Or sheer panic.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Housing Economist Sanders: Home Price Growth Rate 'Is Not Sustainable'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHousing Economist Sanders: Home Price Growth Rate 'Is Not Sustainable'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-26 08:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/07/22130567/housing-economist-sanders-home-price-growth-rate-is-not-sustainable><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. housing market appears to be in a nonstop state of upward ascension. The most recentdatafrom the U.S. Census BureauandDepartment of Housing and Urban Development found single‐family housing ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/07/22130567/housing-economist-sanders-home-price-growth-rate-is-not-sustainable\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FMCC":"房地美","FNMA":"房利美"},"source_url":"https://www.benzinga.com/news/21/07/22130567/housing-economist-sanders-home-price-growth-rate-is-not-sustainable","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188501846","content_text":"The U.S. housing market appears to be in a nonstop state of upward ascension. The most recentdatafrom the U.S. Census BureauandDepartment of Housing and Urban Development found single‐family housing starts in June totaled 1.16 million, 6.3% higher than the revised May figure of 1 million.\nOther new data reports from RE/MAX LLCRMAX 0.74%saw home sales up 14.2% from May to June, the largest month-over-month increase since the company began tracking this data 13 years ago, while June’s median sales price of $336,000 was a new record peak.\nTo understand where the housing market is headed, Benzinga spoke with one of the nation’s most prominent housing-focused economists,Dr. Anthony B. Sanders,distinguished professor of real estate finance at George Mason Universityand director and head of asset-backed and mortgage-backed securities research at Deutsche Bank AGDB 1.26%in New York City.\nSanders’ input has been sought in Congressional hearings and by the Bank of England, European Central Bank and the Bank of Japan.\nQ: What role does housing play in today's U.S. economy?\nSanders:Housing has always been important in the U.S. economy, but less so today than during the 2000s.\nDuring the 2000s, housing was an easy way to grow GDP (in the same way China builds massive housing projects to boost GDP). But since the housing bubble burst in 2008, leading to the financial crisis, the federal government could not rely on an easy GDP approach since housing is a consumption good, not an investment good. That is, the U.S. was not building plants to produce goods while China was building plants.\nQ: All recent data is pointing to median home prices at or near record highs. Is this feasible? And how long can prices go up before they stall or go down?\nSanders:Particularly in coastal cities, house prices are at record high, exceeding prices during the infamous housing bubble of 2005-2007. This rate of growth is not sustainable, since the ratio of house price growth to earnings growth is even worse than at the peak of the housing bubble. Then, we have the Federal Reserve which is talking about reducing its Agency MBS, which will put upward pressure on mortgage rates.\nQ: What impact will the new elevated inflation rates have on home buying?\nSanders:Inflation is a dangerous economic phenomenon. Wages are typically sticky with inflation, but home prices surge during inflationary periods. This makes housing even more unaffordable.\nIn the past, attempts at inflation-protected mortgage products like PLAMs (price-level adjusted mortgages) failed.\nThanks to Fannie Mae and Freddie Mac, adjustable-rate mortgages (that offer inflation protection to lenders and mortgage holders) is only at 3.3% of mortgages, leaving a whopping 96.7% of mortgages as long-term, fixed-rate mortgages.\nThirty-year fixed-rate mortgages are particularly sensitive to inflationary pressures and interest rate increases. In other words, the Federal Reserve has boxed the mortgage market into a corner ... of risk.\nQ: Home construction is more expensive than ever, with increased supply costs and a shrinking labor pool. How are home builders responding to this, and what does it mean for buyers?\nSanders:Even though lumber costs have been declining after the spike in price, the cost to build a home is higher than ever. Complicating the federal government's push for affordable housing are local supply constraints, such as zoning laws that discourage new construction.\nQ: Speaking of the federal government, what is going to happen to the housing market when the federal moratoriums on forbearance and evictions expire? Will we see a rush of foreclosure filings and tenants kicked out of rental housing to make room for others who can pay higher rents?\nSanders:What will happen when the moratoriums and forbearances have been lifted is hotly debated. Once again, skyrocketing housing prices and sticky wage growth is not a recipe for success when the moratoriums and forbearance programs are lifted.\nThe Biden administration issued afact sheetto help stem the anticipated spike in foreclosures.\nQ: What is the Biden housing policy? And where is HUD SecretaryMarcia Fudgein the policy making? Lately, she seems to be talking about COVID and infrastructure a lot, but what is she doing for housing?\nSanders:Biden and his team look like \"deer in the headlights\" with regards to housing policy. It is difficult to have a sane \"affordable\" housing policy with runaway housing prices (which is also inflationary).\nHUD SecretaryShaun Donovanunder President Obama at least conceded that most low-income families were better off renting their dwelling and he focused on multifamily programs, not chasing homeownership rates.\nNo one knows what Fudge is thinking about housing policy, but the fact sheet from the Biden administration (which was not signed by HUD Secretary Fudge) seems more like \"deer in the headlights\" policy making. Or sheer panic.","news_type":1},"isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176742702,"gmtCreate":1626918017806,"gmtModify":1703480533149,"author":{"id":"3582677596416491","authorId":"3582677596416491","name":"MalcolmLi","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582677596416491","authorIdStr":"3582677596416491"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176742702","repostId":"2153644260","repostType":4,"repost":{"id":"2153644260","pubTimestamp":1626917773,"share":"https://ttm.financial/m/news/2153644260?lang=&edition=fundamental","pubTime":"2021-07-22 09:36","market":"us","language":"en","title":"SEC’s Gensler Issues Warning as Fake Stocks Bloom on Blockchains","url":"https://stock-news.laohu8.com/highlight/detail?id=2153644260","media":"Bloomberg","summary":"(Bloomberg) -- Securities and Exchange Commission Chair Gary Gensler has a warning about the synthet","content":"<p>(Bloomberg) -- Securities and Exchange Commission Chair Gary Gensler has a warning about the synthetic stocks popping up on blockchains: Firms selling the tokens to U.S. investors are likely to end up in trouble with regulators.</p>\n<p>In a Wednesday speech, Gensler made clear that tokens that mirror the performance of Amazon.com Inc., Tesla Inc. and other well-known companies are probably still covered by U.S. securities laws. He also pledged to use all the resources in the SEC’s “enforcement toolkit” to go after those who might be offering such assets without registering them.</p>\n<p>“It doesn’t matter whether it’s a stock token, a stable value token backed by securities or any other virtual product that provides synthetic exposure to underlying securities,” Gensler said for an event held by the American Bar Association. “These platforms -- whether in the decentralized or centralized finance space -- are implicated by the securities laws and must work within our securities regime.”</p>\n<p>Gensler’s comments referenced what’s known as DeFi, a fast-moving corner of the cryptocurrency market where tokens that track the performance of huge companies have started emerging. The trading has triggered regulatory scrutiny that’s prompted some in the industry to pull back. Cryptocurrency exchange Binance Holdings announced last week that it was phasing out support for tokens linked to equities.</p>\n<p>Gensler has repeatedly said that cryptocurrencies need more oversight. In May, he told a House panel that he was looking forward to working with Congress and other regulators “to fill in the gaps of investor protection.” He added that digital token exchanges were ripe for additional rules and urged lawmakers to pass legislation giving the SEC authority to police the trading venues.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SEC’s Gensler Issues Warning as Fake Stocks Bloom on Blockchains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSEC’s Gensler Issues Warning as Fake Stocks Bloom on Blockchains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-22 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/sec-gensler-issues-warning-fake-154413663.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Securities and Exchange Commission Chair Gary Gensler has a warning about the synthetic stocks popping up on blockchains: Firms selling the tokens to U.S. investors are likely to end up...</p>\n\n<a href=\"https://finance.yahoo.com/news/sec-gensler-issues-warning-fake-154413663.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/sec-gensler-issues-warning-fake-154413663.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2153644260","content_text":"(Bloomberg) -- Securities and Exchange Commission Chair Gary Gensler has a warning about the synthetic stocks popping up on blockchains: Firms selling the tokens to U.S. investors are likely to end up in trouble with regulators.\nIn a Wednesday speech, Gensler made clear that tokens that mirror the performance of Amazon.com Inc., Tesla Inc. and other well-known companies are probably still covered by U.S. securities laws. He also pledged to use all the resources in the SEC’s “enforcement toolkit” to go after those who might be offering such assets without registering them.\n“It doesn’t matter whether it’s a stock token, a stable value token backed by securities or any other virtual product that provides synthetic exposure to underlying securities,” Gensler said for an event held by the American Bar Association. “These platforms -- whether in the decentralized or centralized finance space -- are implicated by the securities laws and must work within our securities regime.”\nGensler’s comments referenced what’s known as DeFi, a fast-moving corner of the cryptocurrency market where tokens that track the performance of huge companies have started emerging. The trading has triggered regulatory scrutiny that’s prompted some in the industry to pull back. Cryptocurrency exchange Binance Holdings announced last week that it was phasing out support for tokens linked to equities.\nGensler has repeatedly said that cryptocurrencies need more oversight. In May, he told a House panel that he was looking forward to working with Congress and other regulators “to fill in the gaps of investor protection.” He added that digital token exchanges were ripe for additional rules and urged lawmakers to pass legislation giving the SEC authority to police the trading venues.","news_type":1},"isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173681577,"gmtCreate":1626657460099,"gmtModify":1703762778930,"author":{"id":"3582677596416491","authorId":"3582677596416491","name":"MalcolmLi","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582677596416491","authorIdStr":"3582677596416491"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173681577","repostId":"1141120788","repostType":4,"repost":{"id":"1141120788","pubTimestamp":1626656914,"share":"https://ttm.financial/m/news/1141120788?lang=&edition=fundamental","pubTime":"2021-07-19 09:08","market":"us","language":"en","title":"Oil falls more than 1% after OPEC+ agrees to boost supply","url":"https://stock-news.laohu8.com/highlight/detail?id=1141120788","media":"Reuters","summary":"TOKYO (Reuters) - Oil prices fell more than 1% on Monday, hit by an agreement over the weekend withi","content":"<p>TOKYO (Reuters) - Oil prices fell more than 1% on Monday, hit by an agreement over the weekend within the OPEC+ group of producers to boost output after an earlier pact fell apart due to objections from the United Arab Emirates (UAE).</p>\n<p>Brent crude was down $1, or 1.4%, at $72.59 a barrel by 0037 GMT, after falling nearly 3% last week. U.S. oil was down 94 cents, or 1.3%, at $70.87 a barrel, having declined almost 4% last week.</p>\n<p>OPEC+ ministers agreed on Sunday to increase oil supply from August to dampen prices that earlier this month climbed to the highest in around two and a half years as the global economy recovers from the COVID-19 pandemic.</p>\n<p>The group, which includes members of the Organization of the Petroleum Exporting Countries (OPEC) and allies like Russia, together known as OPEC+, agreed new production shares from May 2022.</p>\n<p>\"This agreement should give market participants comfort that the group is not headed for a messy breakup and will not be opening up the production floodgates anytime soon,\" RBC Capital Markets said in a note.</p>\n<p>OPEC+ agreed new production quotas for other members from May 2022, including the UAE, Saudi Arabia, Russia, Kuwait and Iraq.</p>\n<p>The group last year cut output by a record 10 million barrels per day (bpd) amid an evaporation in demand the pandemic developed, prompting a collapse in prices with U.S. oil at one point falling in negative territory.</p>\n<p>It has gradually brought back some supply, leaving it with a reduction of around 5.8 million bpd.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil falls more than 1% after OPEC+ agrees to boost supply</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil falls more than 1% after OPEC+ agrees to boost supply\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 09:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-falls-more-1-opec-010449756.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOKYO (Reuters) - Oil prices fell more than 1% on Monday, hit by an agreement over the weekend within the OPEC+ group of producers to boost output after an earlier pact fell apart due to objections ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-falls-more-1-opec-010449756.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"https://finance.yahoo.com/news/oil-falls-more-1-opec-010449756.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141120788","content_text":"TOKYO (Reuters) - Oil prices fell more than 1% on Monday, hit by an agreement over the weekend within the OPEC+ group of producers to boost output after an earlier pact fell apart due to objections from the United Arab Emirates (UAE).\nBrent crude was down $1, or 1.4%, at $72.59 a barrel by 0037 GMT, after falling nearly 3% last week. U.S. oil was down 94 cents, or 1.3%, at $70.87 a barrel, having declined almost 4% last week.\nOPEC+ ministers agreed on Sunday to increase oil supply from August to dampen prices that earlier this month climbed to the highest in around two and a half years as the global economy recovers from the COVID-19 pandemic.\nThe group, which includes members of the Organization of the Petroleum Exporting Countries (OPEC) and allies like Russia, together known as OPEC+, agreed new production shares from May 2022.\n\"This agreement should give market participants comfort that the group is not headed for a messy breakup and will not be opening up the production floodgates anytime soon,\" RBC Capital Markets said in a note.\nOPEC+ agreed new production quotas for other members from May 2022, including the UAE, Saudi Arabia, Russia, Kuwait and Iraq.\nThe group last year cut output by a record 10 million barrels per day (bpd) amid an evaporation in demand the pandemic developed, prompting a collapse in prices with U.S. oil at one point falling in negative territory.\nIt has gradually brought back some supply, leaving it with a reduction of around 5.8 million bpd.","news_type":1},"isVote":1,"tweetType":1,"viewCount":115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}