PODCAST: DHP Villains: Woodrow Wilson, Part 10

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...

Automakers Push Toward "Eyes-Off" Driving Despite Mounting Doubts Global automakers are zeroing in on a controversial waypoint in the autonomy race: “eyes-off” driving, known in the industry as Level 3, according to a new report by Reuters. The idea is simple but provocative — motorists could look away to send a message or work on a laptop until the vehicle signals them to retake control. After years spent refining hands-on driver aids that manage steering and speed, companies see Level 3 as a potential bridge between today’s supervised systems and tomorrow’s fully driverless...