The Sy Hersh effect: killing the messenger, ignoring the message

Oil Shocks & Recessionary Outcomes Authored by Lance Roberts via RealInvestmentAdvice.com, After more than three decades of watching oil markets upend economies, one pattern keeps repeating: investors learn the wrong lessons from the last shock. The 1973 OPEC embargo taught us that geopolitical disruptions are temporary. That lesson then got everyone killed, financially speaking, in 1979. The 2003 Iraq War produced only a mild oil bump and no recession, so traders got comfortable. Then 2008 happened. Today, with Brent crude having spiked over 60% since U.S. and Israeli strikes on Iran...

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...

The Demise Of Trial By Jury Authored by Celina via American Greatness, Justice isn’t blind anymore: Multiculturalism has made impartial justice impossible “Law grows with the growth, and strengthens with the strength of the people, and finally dies away as the nation loses its nationality.” — Friedrich Carl von Savigny Photo: Wyandanch, N.Y.: As the jury foreperson read the verdict of "not guilty" in the Los Angeles courtroom, women at Straight Path Beauty Supply in Wyandanch, New York react expressively on October 3, 1995. (Photo by Dick Kraus/Newsday RM via Getty Images) On Tuesday, October...