U.S. markets are closed for the Memorial Day holiday, and with UK and Chinese markets also closed for various holidays, it has been a quiet start to the week, with S&P futures essentially unchanged, trading at 2,415, up 0.06%, a new all time high.
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.
Authoreed by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces) via SHTFplan.com,
Content originally published at iBankCoin.com
Does anyone else find it ironic that the nation who brought the world to war twice over the past 100 years is now leading Europe again, through the EU, and is openly casting aspersions at the United States, Great Britain, and Russia? Germany's Merkel is mad at the allies for getting in Germany's way of trying to conquer Europe via unelected autocrats.