What Is the State of the Union?

Choose One: Housing Is Shelter, Or Housing Is Just Another Asset In A Bubble Economy Authored by Charles Hugh Smith via Of Two Minds, This will get massive pushback because it's true: either Housing Is Shelter, or Housing Is Just Another Asset in a Bubble Economy - it can't be both. This reality gets pushback because the conversion of housing from shelter into just another asset bubbling higher in a bubble-dependent economy has been so profitable for those inflating the bubble. The basic pushback goes like this: housing has always been an...

The Chinese Foreign Ministry on Tuesday strongly condemned the US military blockade on Iranian ports as “dangerous and irresponsible” and warned that it risks the very fragile ceasefire between the US and Iran. “With the temporary ceasefire agreement still in place, the United States ramped up military deployment and resorted to a targeted blockade. This […]

The White House will allow the waiver on Iranian oil sanctions to expire on Sunday. The US granted sanctions waivers for Russian, Iranian, and Venezuelan oil after starting a war against Iran in an effort to keep energy prices from spiking.  Two US officials speaking with Reuters said that the White House is not planning […]