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# May 12, 2017
- URL: https://www.thejanusobserver.com/may-12-2017/
- Published: 2017-05-12T12:00:09.000Z
- Updated: 2026-10-25T20:26:10.000Z
- Author: Jonathan Janus
- Tags: Uncategorized, China, Energy, Real Estate, #Migrated-1792957904788, #wp, #wp-post, #Import 2026-10-25 19:52

Perspective

[Bloomberg - The Crop That Ate America - Alan Bjerga, Jeremy Diamond, and Cindy Hoffman 5/11](https://www.bloomberg.com/graphics/2017-crop-that-ate-america/?ref=thejanusobserver.com)

- Corn and Soy… the cash crops that just keep giving, and so the harvested acreage continues to grow.

Real Estate

[WSJ - The Next Hot Housing Market: Starter Homes - Laura Kusisto and Chris Kirkham 5/11](https://www.wsj.com/articles/the-next-hot-housing-market-starter-homes-1494495003?mod=djemRealEstate%5Fh&ref=thejanusobserver.com)

- "The share of first-time buyers fell to 32% in 2015, its lowest level in nearly three decades and down from a historical average of around 40%, according to the National Association of Realtors. That number climbed back up to 35% last year."
- "'They're crawling out of their parent's basements, they're forming households and they're looking to buy,' said Doug Bauer, chief executive of Tri Pointe Group Inc., which operates in eight states."

**Energy**

[Zero Hedge - "There's No Growth": World's Largest Oil Trader Has A Stunning Warning For OPEC - Tyler Durden 5/10](http://www.zerohedge.com/news/2017-05-10/there%E2%80%99s-no-growth-worlds-largest-oil-trader-has-stunning-warning-opec?ref=thejanusobserver.com)

- *"'The specter of American supply is real,' Roy Martin, a Wood Mackenzie research analyst in Houston, said in a telephone interview. 'The level of capital budget increases really surprised us.'"*

Doesn't help that global demand has been softening as well.

[FT - Are US drivers losing their reputation as gas guzzlers? - Gregory Meyer 5/10](https://www.ft.com/content/5fba6a88-34f8-11e7-99bd-13beb0903fa3?desktop=true&segmentId=7c8f09b9-9b61-4fbb-9430-9208a9e233c8&ref=thejanusobserver.com#myft:notification:daily-email:content:headline:html)

WSJ - Daily Shot: DOE - US Total Crude Oil Production 5/10 
- *"The most bearish news for oil remains the relentless climb of US crude production."*
- [](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/wsj%5Fdaily-shot%5Fdoe-us-total-crude-oil-production%5F5-10-17-1.png?ref=thejanusobserver.com)

China

WSJ - Daily Shot: China 10yr Government Bond Yield 5/10

- China is sucking credit out of the system to target shadow banking within the country.

[](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/wsj%5Fdaily-shot%5Fchina-10yr-govt-bond-yield%5F5-10-17-1.png?ref=thejanusobserver.com)

WSJ - Daily Shot: China AA+ 5yr Corporate Bond Yield 5/10