Two Historic Meetings on May 8, 2025: The 80-Year Anniversary of the End of WW II

Today, May 8, 2025, is the 80-year anniversary of "Victory Day", and the end of World War II. Two "historic" meetings took place today, one in Washington D.C. between UK Prime Minister Keir Starmer and U.S. President Donald Trump, and one in Moscow between China President Xi Jinping and Russia President Vladimir Putin. If you live in an English speaking country you probably heard a lot about the one in the White House today, but not much or nothing about the one earlier in the day that took place in Moscow. Also happening today, David Blond, who was a senior economist at the Pentagon during the Carter and Reagan administrations, issued a dire warning in an article published in the Financial News today: "Empty shelves, for-lease signs and job layoffs point to recession by summer."