With the recent news of massive layoffs at the venerable Washington Post, we are hearing from many corners that democracy itself is under siege, the earthquake being the Donald Trump presidency.
It seems the housing market is destined to be the target of yet another administration’s clumsy tinkering. In another quiet-part-out-loud incident at the White House recently, the president was asked whether he would declare a national emergency in order to act on housing affordability. Trump responded that he doesn’t want house prices to go down because home valuations are such a large part of the “net worth” of homeowners, especially those in “their later years.”
Even though the US held elections in the midst of a civil war, the Ukrainians apparently can’t manage any elections during a war in some eastern provinces of the country.
New jobs report: “The U.S. economy created 862,000 fewer jobs in the 12 months through March 2025 than previously estimated.”
Considering the recent development of the European Union, it seems appropriate to look at a meme that has been going around for some time, namely, “EUSSR.” The implication is, of course, that the EU is starting to resemble the Soviet Union.
“After soft retail sales numbers, there’s the expectation that perhaps, further and deeper rate cuts may be needed more imminently than previously thought...”
