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Traditionally, falling rents have caused an even sharper fall in property prices because investors demand higher yields (rents divided by capital value) to compensate them for the perceived risk of capital loss.
Hence a fall in cane production causes an even sharper fall in sugar output (see chart).
Durable-goods orders fell by 0.3% in May, after a sharper fall in April.
But if the shortfall in demand persists, inventories are run down, leading to an even sharper fall in output.
Mr. Bergsten is concerned that if the nation does not act now, a sharper fall is decidedly possible.
Industrial orders tumbled by 7.9% in February, compared to a year ago, a sharper fall than analysts had expected.
Similar(38)
Sharper falls are anticipated in poorer developing countries.
This is the sharpest fall since August 2012.
A sharp fall in the number of new infections followed.
This is because of a sharp fall in student satisfaction.
Real earnings have fallen in each of the last six years, with the sharpest fall in 2011.
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CEO of Professional Science Editing for Scientists @ prosciediting.com