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SHORT-TERM RATES TO REMAIN STEADY

KUALA LUMPUR, March 27 (Bernama) -- Short-term rates are expected to remain steady today on continued intervention by Bank Negara Malaysia in the money market. The central bank estimated today's liquidity surplus at RM18.682 billion, of which RM14.368 billion were from the conventional system and RM4.318 billion in Islamic funds. In the conventional system, Bank Negara has called for four conventional tenders to borrow RM1.5 billion for two week, RM1 billion for three weeks, RM2 billion for one month and RM2 billion for 46-days. The central bank has also called for two Al-Wadiah tenders to borrow RM500 million for one week and RM1.5 billion for one month. It would also conduct a repo tender of RM1 billion for 60 days. -- BERNAMA SM LES

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Will a key interest rate cut make a difference in the sluggish housing market?

(WHAS11) - It's usually an exciting time of year for local real estate agents when more homes are placed on the market and more people are out looking. But right now home sales are still sluggish.

Will a key interest rate cut announced one week ago make a difference?

It's mixed news from the greater Louisville association of realtors. While home sales are down 14%, the average sale price this year is up about 4 percent.

But if you're aiming to buy or sell a house, don't expect any new help from mortgage rates.

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Money, Method, and the Market Process

This volume might be called the Mises Reader, for it contains a wide sampling of his academic essays on money, trade, and economic systems. Some of them, like "Observations on the Cooperative Movement," have not been published previously. Others, like "The Idea of Liberty is Western," have already made their mark on intellectual history.

Brought together by Mrs. Mises after her husband's death, and edited with an introduction by Richard Ebeling, this volume fills an important gap in providing an overview of his best academic work. For that reason, this book is already widely used in graduate courses and seminars on the resurgence of the Austrian School.

The twenty-one essays included in this volume are:

Social Science and Natural Science
The Treatment of "Irrationality"
Epistemological Relativism in the Sciences of Human Action
The Position of Money among Economic Goods
The Non-Neutrality of Money
The Suitability of Methods of Ascertaining Changes in Purchasing Power for the Guidance of International Currency and Banking Policy
The Great German Inflation
Senior's Lectures on Monetary Problems
The Disintegration of the International Division of Labor
Autarky and its Consequences
Economic Nationalism and Peaceful Economic Cooperation
The Plight of Underdeveloped Nations
Capitalism versus Socialism
On Equality and Inequality
The Clash of Group Interests
A Hundred Years of Marxian Socialism
Observations on the Russian Reform Movement
Observations on the Cooperative Movement
Some Observations on Current Economic Methods and Policies
The Role of Doctrines in Human History
The Idea of Liberty is Western

ISBN 0-945466-06-4
Trade paperback, 325 pp.


Real Estate Uncertainty Sparks Boom

With interest rates rising, the share market falling and uncertainty plaguing the real estate market, real estate agencies and franchise groups are spending more money on relatively affordable online advertising. This shift is bringing new revenue to popular New Zealand real estate website—allrealestate.co.nz.

According to US-based classified advertising expert Peter Zollman, executive editor of the Real Estate Advertising Report, a similar shift is taking place in the US, where the economy has been troubled for several months. .


 

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