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Investment

A US$1 trillion cash pile holds key to the fate of risk assets

The US$1 trillion pile of cash that investors amassed amid the pandemic-fuelled market turmoil may determine the length of the risk rally.

Property

Mortgage market sends wrong message

THE Covid-19 pandemic arrested the plans of millions of Americans to purchase a home. But what if you lock someone down in a home they had already mentally moved out of? Might they pour their energy into touring homes online to produce a short list of targets? And might they get pre-approved for a mortgage so it’s a simple matter of income verification once the economy reopened and they’d submitted an offer on a home?