Even Deep-Pocketed Buyers Are Starting to Back Away From the U.S. Housing Market
Two years ago, Austin real-estate agent Amy Deane, of Moreland Properties, was working with so many wealthy out-of-state buyers that she showed one $15 million...
Japan Adopts View That Huge Government Debt Doesn’t Matter
TOKYO—When Japan’s leader released his economic vision Tuesday, he left out an important date. Prime Minister Fumio Kishida deleted a pledge from earlier government statements...
Investors may be in for a rude surprise: History shows inflation can take years to return to normal even when the Fed hikes interest rates above 10%
History can be a powerful tool, particularly in a high-inflation environment like this one in which no suitable economic model seems to apply. Inflation —...
U.S. car sales at ‘recessionary levels;’ inflation, interest rates are concerns
U.S. new-car sales dipped below an annualized 13 million vehicles in May, prompting analysts at RBC to say they are at “recessionary levels,” although demand...
When Progressives Fail, Inflation Edition
President Joe Biden Photo: Kevin Dietsch/Getty Images The White House is finally conceding that it made a political mistake in underestimating inflation, with some officials...
Biden Has No Plan to Fight Inflation
Welcome to the Journal’s pages, Mr. President. I trust your recent op-ed on your inflation plan is the first of many contributions to the paper....
Summer Worker Shortage Means Things Will Be Closed. Again.
Many Americans hoped this would be the first normal summer after two years of Covid-19 disruptions. A chronic labor shortage means it probably won’t be....
Rising Rates Are Battering Mortgage Lenders
Mortgage lenders are scrambling to survive a sharp drop-off in the number of homeowners refinancing their loans, with demand drying up as interest rates rise....
Blinken Says U.S to Rely on Alliances, Trade and Investment to Counter China
WASHINGTON—The U.S. will bolster domestic investment and strengthen collaboration with foreign partners, advancing a vision of an inclusive, transparent international order that stands in contrast...
Conditions Are Ripe for a Deep Bear Market
With the S&P 500 briefly on Friday down 20% from its January peak, it is very tempting to start trying to call the end of...