The People's Bank of China said Wednesday it cut the minimum down payment required from first-time home buyers to 25% from the previous 30%. The cut applies in all but a handful of the largest cities, such as Beijing, Shanghai, Shenzhen and Guangzhou, where demand remains strong and which impose restrictions on second or subsequent homes to suppress price increases.
A contrarian take on the US inflation freakout
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Not as bad as it looks — better for the Fed to keep calm, and carry on?
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