MIDDAY UPDATE: Housing numbers, foreign trade
Today we heard some mixed news about the housing market. The number of new homes being built rose in November. Meanwhile, RealtyTrac said foreclosure filings dropped 21 percent last month. But these numbers may be misleading because they’re being tracked by different agencies, according to Marketplace’s Alisa Roth.
Overseas, China hopes to lower inflation, and analyst Chris Farrell explained what that means for the global economy. China and India continued their trade mission. The two countries hope to increase trade to $100 billion within the next five years. And the Japanese government is getting closer to cutting its corporate tax. If Japan is successful, the U.S. will have the highest global corporate tax rate, 39 percent.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.