The Big Lie About Iran’s Support for Terrorism

Fed Remains On Hold (As Expected) Amid 'Uncertain Implications' Of War With Iran Tl;dr: Rates on hold as expected with a hawkish tilt to 'uncertainty' around the Iran war clouding the outlook. The Dot-Plot showed no real change (7 on hold, 12 at least 1 cut in 2026) but inflation expectations surged in the SEP. *  *  * A lot - and we mean a lot - has happened since the last FOMC meeting (Jan 28th). Oil is up 54% since the last FOMC meeting, bitcoin has tumbled. Gold and stocks are also...

Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates Affordability-aiding lower mortgage rates battled a sentiment-sapping surge in geopolitical panic in March, with analysts expecting the latter to outweigh the former with a modest 0.7% MoM decline (after January's plunged - weather? - and February's modest rebound). The analysts under-estimated the fear from war-mongering as existing home sales plunged 3.6% MoM (down bigly from an upwardly revised 2.7% MoM jump in Feb). That is the second biggest drop in existing home sales since Nov 2022... Source: Bloomberg That dragged Existing Home...

UK's Insane New Trans Guidance Says School Kids As Young As Four Can 'Change Gender' Authored by Steve Watson via Modernity.news, The UK government has issued new guidance allowing primary school children, some as young as four, to ‘socially transition’ the gender by changing their pronouns at school. According to reports in The Times, the guidelines state that parents should be involved in the “vast majority” of cases where a child questions their gender, and schools should not initiate steps towards social transitioning. However, the move has sparked outrage, with critics arguing it undermines parental rights and exposes vulnerable...