Economy and politics

Timber prices plunge as higher rates hit housing

Timber prices plunge as higher rates hit housing

Text size Homebuilders are seeing more cancellations following the sharp rise in mortgage interest rates. Justin Sullivan/Getty Images Timber prices have fallen more than 60% since the start of the year, but don’t count on a recovery soon. Rising interest rates and inflation will continue to dampen demand for single-family homes. “Homebuilders have faced a …

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Falling stocks and bonds jeopardize technology, the dollar and private equity

Falling stocks and bonds jeopardize technology, the dollar and private equity

Text size Japan had to step in to support the decline of the yen for the first time since 1998, even as it tries to keep interest rates low. Akio Ko/Bloomberg The world has been addicted to cheap money for years. Now we see what the withdrawal looks like. The lifting of interest rates from …

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Stocks crash and rates rise.  It's painful, but we're heading back to normal.

Stocks crash and rates rise. It’s painful, but we’re heading back to normal.

Stocks and bonds fall. Housing has weakened. And I haven’t heard a word about non-fungible cartoon monkey tokens in maybe three months. Strategists are now turning their attention to some truly bizarre assets – two I spoke with last week recommended buying long-dated Treasuries. One also said he favors stocks of companies that generate money, …

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The Crypto Correction Shows the Market is Working

The Crypto Correction Shows the Market is Working

Text size Crypto regulation must address the real issues of money laundering, sanction evasion, terrorist financing and other criminal behavior, as well as the implications of this new technology for the traditional monopoly of nation states on monetary policy. The time of dreams About the authors: JAmil N. Jaffer is the founder and executive director …

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