“…was checking his cell phone and chewing gum during the meeting.”
“Our population and employment is at an all-time high and growing. That puts significant pressure on rents and prices,” said Mark Willis, the executive director of the New York University Furman Center for Real Estate and Urban Policy. “There is no reason now to think that these trends are likely to change.”
Dachis says: The end of year iPhone 5 and iPad Mini releases overcame early controversies in overseas manufacturing and any lingering effects from the death of Steve Jobs to make Apple the biggest mover of the year.
The top SUV maker and MPV maker last month are familiar to all: Great Wall Motor and SAIC General Motor Wuling stayed on their segment thrones. SAIC Volkswagen also maintained its crown in the sedans and hatchbacks segment.
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The fall in demand for industrial bulk commodities was particularly pronounced. Huge oversupply in China’s real estate and manufacturing sectors has damped investment in new capacity in recent months, denting demand for all kinds of raw materials.
“For years we had Chinese growth going gangbusters and US rates going down,” says Josh Crabb, head of Asian equities at Old Mutual Global Investors, the asset management arm of Old Mutual, the insurer. “But transaction volumes have dried up quite significantly, so we are not really sure what the prices are. That looks like a tough fundamental outlook.”