Friday, October 21, 2016

quartile & crunch

Quotations:


200,000 jobs at risk as housing boom rolls over, Morgan Stanley research shows:

-- "Transaction volumes and price growth have slowed, but auction clearance rates have remained high — reflecting lower volumes and their bias to top-quartile [more expensive] Sydney and Melbourne property.

-- Morgan Stanley is forecasting a credit crunch resulting in a hard landing for the new apartment construction cycle.

Definitions:

quartile:
one of four equal groups into which a set of things can be divided according to the distribution of a particular variable.

crunch:
1. an emergency or crisis, especially one caused by a shortage of money or other resources;
...





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