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Will the cost of buying real estate mean-revert to the cost of renting? The real estate market is frozen and we are yet to see the full impact of high real interest rates. Will the price correction (if any) trigger the next crisis? Source: Visual Capitalist

Imports to China decreased by 12.4% YoY to USD 201.16 billion in July. This was the sixth time of decline in inbound shipments in 2023 and the steepest decrease since January. This news is a bad sign for the US and Japanese economies as well, because imports were down from the US 11.2%, from Japan

PacWest Bancorp is “saved” by Bank of California with a merger. Announced exactly on the earnings day of PacWest. Will this affect tomorrow’s FED decision? Source: https://lnkd.in/eAKhTYH7

📈 The positive real interest rates have started to work according to the credit data of the past weeks and months. It’s especially visible in Commercial/Industrial and Automobile Loans where we can see a significant drop in Q2 2023. 💳 Consumer Loans are also showing signs of decrease, starting to take effect in Q3 2023.