Wall Street Journal

Sales Of Ultra-Luxury Homes In Greenwich Continue To Plummet

It used to be that low state income taxes and practically non-existent property taxes, at least compared the neighboring county of Westchester in New York, was more than enough to lure Manhattan's hedge fund billionaires out to Greenwich, CT...but the times they are a changin...

Snyder Rages "It's Time To Flush The Toilet"

Is it fair to compare Congress to a toilet? If there is one institution that embodies the corruption that permeates Washington D.C., it is the United States Congress. Dominated by extremely selfish career politicians that are primarily interested in raising enough money to win the next election, Congress has become a cesspool of filth, fraud and malfeasance.

Time To Add Housing To The Bubble List?

Housing is hot again, but lately it’s been overshadowed by flashier bubbles in government debt, tech stocks and possibly cryptocurrencies. Still, the warning signs are spreading.

Goldman Accused Of Funding Maduro's Dictatorship

The president of Venezuela's opposition-run Congress on Monday accused Wall Street investment bank Goldman Sachs of "aiding and abetting the country's dictatorial regime" following a report that it had bought $2.8 billion in bonds from the cash-strapped country.

Frontrunning: May 25

  • World stocks hit record after Fed minutes (Reuters)
  • OPEC extends oil output cut by nine months to fight glut (Reuters)
  • Father and Brother of Manchester Bomber Arrested in Libya (BBG)
  • In testing Montana vote for Trump, Republican caught up in brawl (Reuters)
  • NATO to Take New Counterterrorism Measures (WSJ)

Can The US Economy Ever Get Back To 3% GDP Growth?

It is really about reasserting the preeminence of humans – the workforce – in any calculus of macroeconomic policy. Make them (us, really) more productive, and the economy will grow faster. And if that is impossible, and with it that 3% target, then technology will replace the worker rather than simply augment his or her efforts.