首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
The housing market has been for two years propping up consumers’ spirits while the rest of the economy lies exhausted on the flo
The housing market has been for two years propping up consumers’ spirits while the rest of the economy lies exhausted on the flo
admin
2013-01-22
26
问题
The housing market has been for two years propping up consumers’ spirits while the rest of the economy lies exhausted on the floor, still trying to struggle to its feet According to the National Association of Realtors, the national median existing-home price ended the year at $ 164, 000, up 7.1 percent from 2001. That’s the strongest annual increase since 1980.
Although residential real estate activity makes up less than 8% of total U. S. GDP, a housing market like this one can make the difference between positive and negative growth. Most significantly, consumer spending is 66% of GDP, and the purchase of a new home tends to have an "umbrella effect" on the homeowner’s spending as he has to stock it with a washer/dryer, a new big-screen TV, and maybe a swing set for the yard.
The main factor in housing’s continued strength is a classic economic example of zero-sum boom: the persistent weakness everywhere else. As the 2003 recovery continues to be more forecast than reality. Falling stock prices raised investor appeal for U. S. Treasury Bonds, which in turn, allowed most interest rates to drift even lower. But there are not many signs that there’s a bubble ready to burst
December’s new record in housing starts, for example, was nicely matched by the new record in new home sales. If you build it, they will buy and even if an economic pickup starts to reduce housing’s relative attractiveness, there’s no reason why modest economic growth and improved consumer mood can’t help sustaining housing’s strength. "The momentum gained from low mortgage interest rates will carry strong home sales into 2003, with an improving economy offsetting modestly higher mortgage interest rates as the year progresses, " said David Lereah, chief economist at the National Association of Realtors.
Just as housing has taken up much of the economic slack for the past two years, both as a comforting investment for fretting consumers and a driver of consumer spending itself, a big bump elsewhere in the e-conomy in 2003 could be housing’s downfall. If stocks roar back this spring, capital inflows could steal from the bond market, pushing up long-term interest rates. Or Alan Greenspan and the Fed could do the same to short-term rates, as a way to hit the brakes on a recovery that is heating up too fast In other words, if everything possible goes wrong for housing, homeowners should have plenty to compensate them in terms of job security and income hikes.
According to the writer, what may be chiefly responsible for the "umbrella effect" (Paragraph 2) ?
选项
A、Sustainable bond markets.
B、Robust housing market
C、Bubbly stock markets.
D、Ill-natured consumers.
答案
B
解析
题干问:“根据作者,是什么主要导致了这种‘伞状效应’?”此题定位于第2自然段,正确选项为B“强劲的房地产市场”。而选项A“持续的证券市场”,选项C“泡沫般的股票市场”和选项D“性格怪异的消费者”都不是导致这种‘伞状效应’的原因。
转载请注明原文地址:https://kaotiyun.com/show/tn1O777K
0
考博英语
相关试题推荐
Therehasbeena_____lackofcommunicationbetweentheunionandthemanagement.
TheEuropeanCommissionissueda_____decisiononOct.29permittinganalliancebetweenUnitedAirlines,DeutscheLufthansaandS
Thepolicehaveofferedalarge_____forinformationleadingtotherobber’sarrest.
Thecomputercanbeprogrammedto____awholevarietyoftasks.
democracyimaginationdifferentflexibilityovercomeonlineoffertraditionalmodernreg
Beforethemid-nineteenthcentury,peopleintheUnitedStateeatmostfoodsonlyinseason.Drying,smoking,andsaltingcould
Thelittlegirlisignorant____thebasicrulesofEnglishgrammar.
Thislittlegirlhasaparticular____forchocolate.Wheneversheseesit,shewillsnatchabarandenjoyittoherheart’sconten
The____ofasociety,club,etc,aretherecordsofitsdoings,especiallyaspublishedeachyear.
U.S.SecretaryofStateRice______athree-daytriptotheMiddleEastwithanagreementfromIsraeliandPalestinianleadersto
随机试题
颈根部横断层面上的结构不包括
简述芭蕾舞剧的含义,并举出三部芭蕾舞剧。
—Ican’tfindmywallet.—______itathome?
最支持四肢骨折诊断的依据是
钢筋原材料进场检验项目中,预应力钢丝的检验项目有()。
为什么说学生具有发展的可能性与可塑性?
________是道德行为的根本机制。
甲被控故意杀人罪,下列关于证据的说法错误的是()。
多媒体计算机图像文件格式分为静态和动态两种。(11)属于静态图像文件格式。(2011年5月试题62)
InNewOrleans,MoonWalk—apathwayalongastretchoftheMississippi—nowprovidesthepublicaccessthathadpreviouslybe
最新回复
(
0
)