tailieunhanh - The Global Financial Crisis: Analysis and Policy Implications phần 9

Dollar Index, theo dõi đồng USD so với đồng tiền của sáu đối tác thương mại lớn của Mỹ, giảm 11 tháng 9 đến mức thấp nhất kể từ tháng Chín, 2008. Các nhà đầu tư Trung Quốc đã tăng gấp đôi nắm giữ trái phiếu chính phủ Mỹ trong ba năm qua đến $ 776 tỷ USD của tháng sáu, theo dữ liệu của Kho bạc. | The Global Financial Crisis Analysis and Policy Implications July 1. Home prices in 20 major . metropolitan areas fell in April at a slower pace than forecast the S P Case-Shiller home- price index showed today. Today s Case-Shiller numbers are the latest sign that that the worst of the housing slump may be passing. Sales of existing homes posted gains in April and May while housing starts jumped in May from a record low. Home prices saw a striking improvement in the rate of decline in April and trading in funds launched today indicates investors believe the . housing slump is nearing a bottom said Yale University economist Robert Shiller. At this point people are thinking the fall is over Shiller co-founder of the home price index that bears his name said in a Bloomberg Radio interview today. The market is predicting the declines are over. Bloomberg July 1. California s lawmakers failed to agree on a balanced budget by the start of its new fiscal year clearing the way to suspend payments owed to the state s vendors and local agencies who instead will get IOU notes promising payment. The notes will mark the first time in 17 years the most populous . state s government will have to resort to the unusual and dramatic measure. Democrats who control the legislature could not convince Republicans late Tuesday night to back their plans to tackle a billion budget shortfall or a stopgap effort to ward off the IOUs. The two sides agree on the need for spending cuts but are split over whether to raise taxes. Democrats have pushed for new revenues while Republican lawmakers and Governor Arnold Schwarzenegger also a Republican have ruled out tax increases. CNBC July 1. The Turkish economy declined by year on year in the first quarter of 2009. The drop was the largest ever recorded for the country. This follows a year on year fourthquarter decline placing the Turkish economy officially in recession. This deep contraction is among the steepest in the .