The Federal Government is moving ahead with monetary tightening. Several risks are rising, in our view. First, the risk of an escalation in trade tensions, with the investigation into Chinese intellectual property practices. Second, risks in the Middle East are rising again. Third, rising tensions with European countries could hinder an already-difficult reform process. In addition, there is a flattening in the US Treasury yields. Currently, we do not think that these developments have a major significance for the real estate markets. However, if there is a return to a situation of rising risk in the US dollar, this upset could cause prices to become volatile again.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น