The Housing Moment Investors Dread Is Here

...Yes, it’s the moment buyers have been waiting for. It is also the moment private equity investors, those who’ve crowded out natural buyers, have been dreading.

"We Did Not Touch On That At All": Lavrov Denies Trump Said "Comey Is A Nut Job"

Russia's foreign minister Lavrov denied the NYT's report that he had discussed the dismissal of the former FBI director Comey with Donald Trump in a meeting in which Trump allegedly said that he had "just fired the head of the F.B.I. He was crazy, a real nut job" adding that “I faced great pressure because of Russia. That’s taken off.”

Rouhani Re-elected Iran President In Landslide Victory

Iran's moderate leader Rouhani secured a second term with a landslide victory in Friday's presidential election, winning 57% of the vote and giving a decisive victory to pro-reform groups eager to open up the Islamic republic and re-engage with the outside world, Reuters reported. Rouhani's hardline opponent, senior cleric Ebrahim Raisi who was running for office for the first time, a protege of Iran's Supreme Leader and the custodian of a religious charity worth tens of billions, came in second with 38.5%.

Paul Craig Roberts Laments "The Assault On Trump"

We are witnessing an assault by the national security state and its liberal media on a President of the United States that is unprecedented. This is the determination of the national security state to keep their prized “Russian Threat” in its assigned role as the Number One Threat to the US.

Venezuela: Forty Years Of Economic Decline, Part 2

The Venezuelan case serves as a strong warning to many a European country with crumbling welfare states and growing social discontent. Sooner or later, unsustainable transfer systems are bound to collapse and social disorder ensues. Left unchecked, socialism only creates a vicious cycle of interventionism that leads to more chaos and misery.

Comey Agrees To Testify In Open Hearing Before Senate Intel Committee

Former FBI Director James Comey has agreed to testify before the Senate Intelligence Committee in open session, Senators Richard Burr and Mark Warner announced on Friday. In a statement released late on Friday, the committee said the open hearing will be scheduled after Memorial Day.