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  • New Home Sales Hit 14-Year High

    Latest blog entries Sep 25, 2020 | 10:36 am

    New single-family homes in the U.S. are flying off the market, soaring to a 14-year high, according to the Census Bureau and the Department of Housing and Urban Development. Sales reached a seasonally adjusted annual rate of 1.011 million in August, which is 4.8% higher than July and 43.2% above August 2019.Economists predicted sales would decline ...

  • Service Sector Emerging as Achilles Heel for Global Economy

    Latest blog entries Sep 23, 2020 | 14:28 pm

    The lockdown recession has been odd from the very start, and that has become more and more apparent with every passing month. The shock was sudden with absolutely no time to prepare. The pandemic was not expected. There was a woefully inadequate response at the start. Most governments worldwide ignored the threat until it was really ...