News
National Journal | My Hometown: What Detroit's Demise Says About America
My ancestors helped build Detroit. The Fourniers were fur-trappers and farmers living hard by the Detroit River until the fledgling auto industry beckoned in the early 1900s with a better deal: $5 a day and a pension.
Bloomberg | BRIC Bust Seen in Emerging Market Discontent With Growth
Stretched budgets and sluggish growth are putting emerging-market governments on a collision course with rising pressures from recently empowered middle classes for more spending and better services.
Market Watch | Home sales see slight drop in June
Sales of existing homes slipped in June, indicating a slight impact from rising mortgage rates but still marking the second-highest rate in about 3 ½ years, according to data released Monday.
WSJ | More Americans Living in Others' Homes
The number of Americans living in someone else's home for economic reasons rose in the past year despite an improving labor market, posing a challenge for the housing market and the broader recovery.
CNBC | Watch out, US crude prices could correct 35%: Analyst
The price of U.S. crude may have caught up with North Sea Brent oil prices in the past week, but now looks overvalued and faces a sharp pull back of up to 35 percent, says one analyst.
Econ Comments & Analysis
WSJ | The Economy Is Showing Signs of Life
The U.S. economy may finally be in a position to accelerate above the so-called new normal—the painfully slow 2% average growth rate that has persisted since 2009.
WSJ | Housing Recovery Increasingly Prices Out First-Time Buyers
First-time home buyers, long a key underpinning of the housing market, are increasingly getting left behind in the real-estate recovery.
AEI | Remake Detroit, or empty it
Detroit spent decades trying to counter the decline of the auto industry by building things.
Blogs
Market Watch | For home prices, it’s back to 2005, according to FHFA data
U.S. home prices in May as measured by the Federal Housing Finance Agency rose 0.7% on a seasonally adjusted basis, or up 7.3% on a year-on-year basis, according to data released Tuesday.
