In "Watershed Moment" Merkel Says Germany Can No Longer Rely On America

In what has been dubbed a "watershed moment" Angela Merkel speaking at a rally in Bavaria, said that Europe "must take its fate into its own hands" as it can no longer rely on the US and UK. "The times in which we could completely depend on others are on the way out. I've experienced that in the last few days."

They're Killing Small Business: The Number Of Self-Employed Americans Is Lower Than It Was In 1990

Once upon a time, America was the best place in the world for those that wanted to work for themselves.  Our free market capitalist system created an environment in which entrepreneurs and small businesses greatly thrived, but today they are being absolutely eviscerated by the control freak bureaucrats that dominate our political system. As a result, the number of self-employed Americans is now lower than it was in 1990

New Home Prices Are Over 50% Higher In Canada Than The US

The price of new homes is quickly diverging in Canada and the US. Are Americans being overly cautious on homeownership, or are Canadians demonstrating irrational exuberance for homeownership, much like the US did in a pre-2006 America?

Muni-Bond Market To Trump: "Your Tax Cuts Are Dead"

Given the lack of progress on the ACA replacement/repeal, the harsh criticism of Trump’s proposed budget, and the ongoing turmoil of the Trump Administration, the likelihood of tax cuts is becoming a much more distant reality. As such, the municipal bond market (and the Treasury market) have begun to aggressively discount the probability of significant tax reform any time soon.

North Korea Launches Another Ballistic Missile

Almost exactly one week after the latest ballistic missile test launch by Pyongyang last Sunday, and two weeks after a similar launch the weekend prior, North Korea has fired its latest unidentified ballistic missile early on Monday.