United States

Submitted by Simon Black via SovereignMan blog,

In his History of the Peloponnesian War, ancient Greek historian Thucydides told us the tale of a dominant regional power (Sparta) that felt threatened by the rise of a competing power (Athens).

Sparta felt so threatened, in fact, that all the moves they made to keep the Athenian rise in check eventually escalated the power struggle into an all out war.

Modern political scientists call this the Thucydides Trap.

Donald Trump stepped in it bigtime:

“I am pro-life,” Mr. Trump said after a few attempts. Asked how an abortion ban would be put in place, he said, “You go back to a position like they had where they would perhaps go to illegal places. But you have to ban it.”

Finally, Mr. Matthews asked Mr. Trump, “You’re about to be chief executive of the United States. Do you believe in punishment for abortion, yes or no?”

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

America used to be the land of opportunity and optimism. Now opportunity is seen as the preserve of the elite: two-thirds of Americans believe the economy is rigged in favour of vested interests. And optimism has turned to anger. Voters’ fury fuels the insurgencies of Donald Trump and Bernie Sanders and weakens insiders like Hillary Clinton.

 

Submitted by Colin Chilcoat via OilPrice.com,

The United States and Canada work well together. The countries share the world’s largest and most comprehensive trade relationship, exchanging more than $2 billion per day in goods and services; the U.S. is Canada’s largest foreign investor and Canada is the third-largest foreign investor in the U.S. The partnership clearly isn’t broken, but it may need some mending as bilateral and international gas trade stands to complicate matters in short order.

There has been an odd shift when it comes to US sentiment toward home ownership: while in the past, the higher home prices rose the greater the demand was for housing (leading ultimately to the housing debt bubble of 2006), this time around we are getting increasingly more frequent indications of just the opposite.

Some have started to notice: as we noted one week ago, in its traditionally cheerful assessment of the US housing market, the NAR's Larry Yun snuck in an unexpected warning: