The US economy is struggling with too much debt at every level. A debt jubilee isn’t going to solve it; and shifting demographics will likely make it worse. So, is America headed for two decades of lost growth like Japan? Dr. Lacy Hunt, who was interviewed by Erik Townsend on the latter's MacroVoices podcast, considers the endgame for the US economy... Well, we could get lucky, Hunt says.
Authored by Raul Ilargi Meijer via The Automatic Earth blog,
There are times when you have to talk about things when it appears most inopportune to do so, because they’re the only times people might listen. Times when people will argue that ‘this is not the right moment’, while in reality it’s the only moment.
Via RealInvestmentAdvice.com,
Baupost Group’s Seth Klarman laid out his concerns with the market in a recent client letter...
“Risk, Klarman wrote, is the most important consideration when investing, and investors are being too trusting.
Authored by Doug Bandow via The National Interest,
Three decades ago the People’s Republic of China was an economic backwater. Today the PRC sports the world’s second-largest economy. Shanghai most dramatically illustrates the country’s transformation. The city is filled with stylish office buildings, five-star hotels, luxury stores and foreign visitors.
Keeping track of people legally entering and leaving the United States is a formidable task. Nevertheless, the Department of Homeland Security (DHS) has released figures on people who overstay their visas and other legal forms of admissions. Total overstays for 2016 stood at close to 740,000 people, of which up to 630,000 were suspected to still be in the country.
You will find more statistics at Statista