Wars and Rumors of Wars

US Existing Home Sales Unexpectedly Dropped In June, Just Off Record Lows After an ugly Spring selling season, existing home sales have rebounded in Q2 (so far) with expectations for another 1.0% MoM increase in June. However, that was not to be with US existing home sales tumbling 2.4% MoM in June (although May was revised up to a +3.7% MoM gain from +3.2%). That slowed the annual improvement in sales to +2.75% YoY... Overall, existing home sales SAAR remains just off record lows... “The back-and-forth in monthly home sales activity, driven by...

New York City Is Spending $81,000 Per Year On Each Homeless Person New York City spent about $368 million last year on services for people living on the streets, which equals roughly $81,000 per unsheltered person, according to the NY Post. Spending through the city’s New York City Department of Homeless Services street outreach programs has increased sharply over the past several years. In 2019, the city spent about $102 million on these services, averaging around $28,000 per unsheltered individual. By the 2025 fiscal year, the average cost had risen to...

After AfD Victory In Saxony-Anhalt, Merz And Weidel Trade Blows During Intense Debate In Bundestag Via Remix News, Three days after the Alternative for Germany's (AfD) landslide in Saxony-Anhalt, the Bundestag's general budget debate turned into a verbal battle between AfD co-chair Alice Weidel and Chancellor Friedrich Merz, with the two battling it out over mass immigration, democracy, crime, Ukraine, and the future of Germany. Heckling filled the chamber. Bundestag President Julia Klöckner repeatedly intervened. The exchange was the first direct parliamentary clash between the two leaders since Sunday's vote, in which...