Did You Know?

Used car prices dropped around 8% in July after surging in the first half of 2021 due to chip shortages for new car production. This segment was a large contributor to the high inflation numbers. (CNBC)

 

Did You Know?

Properties in advanced economies were about 10% overvalued compared to long-term trends. That makes this boom one of the biggest since 1900,  although nowhere near as big as the run-up to the financial crisis.
Mortgage growth was driven largely by people with strong financial positions, and across most advanced countries households were less indebted than before the financial crisis, suggesting a lower risk that the situation would follow the same path with a wave of defaults and fire sales.
(Oxford Economics, FT)