Washington Post (May 1)
Tokyo and Washington made “a welcome step forward” with the decision to move 9,000 marines to other Pacific bases. This “small but significant diplomatic breakthrough” will finally ease “the two-year-old standoff over U.S. bases on the Japanese island of Okinawa.” The deal will strengthen “an alliance that both countries need more than ever” and may even “open the way for an invigoration of strategic cooperation at just the right time in East Asia.”
Economist (April 28)
U.S. home prices have rapidly corrected, having “lost nearly all the real gains they notched up in the bubble period.” In contrast, the correction has been slower in Europe. “British, Irish and Spanish house prices are still well above their “fundamental” value, while those in America are about right.”
U.S. home prices have rapidly corrected, they “have lost nearly all the real gains they notched up in the bubble period.” In contrast, the correction has been slower in Europe. “British, Irish and Spanish house prices are still well above their “fundamental” value, while those in America are about right.”
Tags: Bubble, Correction, Housing prices, Ireland, Spain, U.S., UK
