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 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.
Authored by Kaitlin Last via BetterDwelling.com,
The price of new homes is quickly diverging in Canada and the US.
Data from the Canadian Housing and Mortgage Corporation (CMHC) show that new homes are selling for substantially more than the same time last year.
Meanwhile south of the border, data from the US Bureau of Census show that new home prices are on the decline.
Israel's Channel 2 TV reports, citing unidentified American with knowledge of encounter, President Trump shouted at Palestinian Authority (PA) leader Mahmoud Abbas during meeting in Bethlehem, questioning his commitment to peace.