ELIZA BLEU AND THE PERPETUAL TRAUMA MACHINE—PART 2

Article 5 Looming: NATO Shoots Down Iranian Ballistic Missile Fired At Turkey There's looming fear that Trump's Operation Epic Fury is fast spinning into a broader regional war, even a possible WW3 scenario - though large powers like Russia and China are expected to remain on the sidelines.  Illustrating this potential, on Wednesday a ballistic missile launched from Iran and tracked across Iraqi and Syrian airspace before heading toward Turkish territory was shot down by NATO air defenses, according to Turkey's Defense Ministry. Open source file image: Launcher for Iranian Zolfaghar ballistic missiles NATO...

US New Home Sales Collapse By Most In 13 Years In January Despite falling mortgage rates, analysts expected December's drop in new home sales to accelerate in January... and accelerate they did... crashing a stunning 17.6% MoM (-2.7% MoM exp) - the biggest MoM drop since July 2013. This huge MoM drop dragged sales down 11.3% YoY - the worst slide in three years... Source: Bloomberg This huge drop dragged the new home sales SAAR down to its lowest since 2022, catching down to existing and pending sales... Inventories are up (Houses for sale...