Iran Threatens Industrial Sites Across Gulf-Region After Its Nuclear & Largest Steel Plants Attacked

Japan, Bretton Woods 2.0, & The End Of The Carry Era Japanese Finance Minister Satsuki Katayama is set to announce as early as Monday that Tokyo and Washington are coordinating on steps in the foreign exchange market to curb the yen’s weakness, a person familiar with the situation told Bloomberg. Satsuki Katayama The content of the announcement is still being worked on but could happen as early as Monday morning, the person said, declining to be identified as the information isn’t public. Reuters earlier reported Katayama would confirm the joint action, and reinforce the two sides’ commitment...

Saudi Arabia Planning Major Escalation In Yemen, Possible Ground Op: Reports Authored by Dave DeCamp via AntiWar.com, Abdul Malik al-Houthi, the leader of Yemen’s Ansar Allah, commonly known as the Houthis, said Thursday that there were indications Saudi Arabia was planning a major escalation in Yemen, as the war between the two sides has been reignited following the July 13 Saudi strikes on the Sanaa International Airport. "We will work to establish the equation of siege with siege, especially since indicators reveal that the Saudis are heading toward comprehensive escalation, and we will seek God’s...

First Signs Of A Deeply Frozen Housing Market Authored by Milan Adams via Preppgroup, At a glance Existing-home sales have run roughly a third below their pre-2020 level for three years, while the median price has repeatedly set records - a combination that ordinary market logic does not predict. A large majority of outstanding mortgages carry rates below 5 percent. Selling means trading a cheap loan for an expensive one, and the households with the strongest finances are the least willing to make that trade. The housing shortage is a permission problem as much...