The Cefa Brief

ComentáriosConstataçõesPerspectivasExplicativos

Arquivo

Correspondem a esses filtros: 4 textos

Textos

  • ConstataçãoEconomic Security

    Two thirds of the M2 increase since 2020 arrived in a single year

    The money stock is 4.26 trillion dollars larger than in 2020. Of that, 2.84 trillion came between 2020 and 2021, and the four years since have added half as much again, including the only contraction in the window.

  • ExplicativoInfrastructure

    What financial close means on an infrastructure project

    Financial close is a single date on which every financing document signs and the lenders' money becomes a binding commitment. By the end you will know what has to be true on that day, how it differs from the announcements that come before it, and why it is the only one worth believing.

  • PerspectivaDevelopment Finance

    Financial depth changes what capital costs and not what a country is able to build

    The policy rate moved 4.94 points between 2021 and 2023 and the thirty-year mortgage rate moved 3.85 over the same two years, which is what a deep system does. Across the same window manufacturing output stayed below its 2017 base in every reading.

  • ConstataçãoHousing & Urban Development

    Two years of decline have taken the mortgage rate 0.21 points off its peak

    The thirty-year fixed rate peaked at 6.81 per cent in 2023, and the two annual readings since are 6.72 and 6.6. The federal funds rate ended those same two years 0.81 points lower, nearly four times as far, though it rose before it fell.