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发表于 2010-3-18 11:06 AM
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本帖最后由 Diffusion 于 2010-3-18 17:17 编辑
3/18/2009
[Sustainable recovery]
http://www.bloomberg.com/apps/ne ... SaFZoYxuQ&pos=1
Factories keep adding workers and increasing production to replenish depleted inventories and meet rising global demand. Gains in manufacturing may be the spark that ignites a broader economic expansion, leading to increases in payrolls and consumer spending.
“The manufacturing sector has been the one bright spot for the economy in recent months,” said Scott Brown, chief economist at Raymond James Associates Inc. in St. Petersburg, Florida. “Clearly a sustainable recovery will require an improvement in the jobs. We’re right on the cusp of new hiring.”
[Interbank lending is improving]
http://www.bloomberg.com/apps/ne ... tJsuPXyFU&pos=5
The European repurchase market grew between June and December, showing an improvement in interbank lending as central banks prepare to withdraw support to the industry, the International Capital Market Association said.
The repo market grew to 5.58 trillion euros ($7.63 trillion) on Dec. 9, ICDA said in an e-mailed statement. The number of outstanding trades was up 20.2 percent on Dec. 9 from June 10, the report said. Repos are collateralized loans used to finance investments in Treasury, corporate and mortgage-backed securities.
[If you still believe in the double dip, pay attention to hotel loans and banks]
http://www.economist.com/busines ... m?story_id=15721464 (May require subscription)
It is difficult to determine exactly how much outstanding commercial-property debt was used to finance hotels. But if commercial property has long been seen as the next shoe to drop in financial markets, hotels are the steel toecap. “There is a vast wall of properties out there that is underwater,” says Paul Bartrop of CB Richard Ellis, a property consultancy.
There are two main reasons why hotel loans are so troubled. The first is that in many cases they were taken out by investors who need steady cash flows to repay debt, or were financed using instruments such as CMBS that also require steady income streams. Yet unlike office blocks or shopping malls, which sign leases with tenants for ten years or more, hotels have to let their rooms by the night. The revenue earned for each room (an industry measure of room rates and occupancy) fell by almost 17% in America last year. |
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