Falling home prices is coming. High unemployment could make it much worse

London CNN Business – Last year, Auckland’s largest real estate company was unable to sell properties fast enough to meet demand in New Zealand’s largest city. Homes were “flying out the door,” said Grant Sykes, a principal at the Barfoot & Thompson real estate agency. “There were chin-breaking moments when agents would stand across the … Read more

China’s economy is in ‘deep trouble’ as Xi heads to Communist Party congress

Hong Kong CNN Business – When Xi Jinping took power a decade ago, China had just overtaken Japan to become the world’s second largest economy. It has grown at an extraordinary pace since then. With an average annual growth rate of 6.7% since 2012, China has experienced one of the fastest sustainable expansions of a … Read more

Consumers are more optimistic about the US economy

CNN – Consumer confidence rose for the second consecutive month in September, as such Moderate gas prices and hope for easing inflationary pressures It helped raise the collective mood of the nation. The Conference Board reported Tuesday that its baseline index rose to 108 from a revised 103.6 in August, its highest level since April. … Read more