Benjamin Cole | While taxes and trade get the headlines, a major issue in the US is ubiquitous restrictive property zoning, and the false signals zoning sends to the Fed. Indeed, the “housing bubble” that led to Fed over-tightening in 2007 barely surfaced in Houston, but was highly prominent in San Francisco. Obviously, the “housing bubble” was not Fed-induced.Read More
Craig Moran | It seems that three was the magic number for South Korean consumers eager to see the fall of Lee Jae-yong, the de-facto head of Samsung Group. On August 25, Lee was convicted of bribing ousted President Park Geun-hye and was sentenced to five years in prison.