Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls

Map Shows Homebuilders Pulling Back Nationwide "Given Limited Visibility To Demand" Even as homebuilders offer mortgage-rate buydowns, closing-cost incentives, and upgraded amenities to attract buyers on the sidelines, clouds of uncertainty continue to build over the housing market. New U.S. single-family permit activity fell again in January, highlighting yet more caution among builders ahead of the spring selling season as they respond to softer demand. Goldman analysts, led by Susan Maklari, provided clients on Friday with a snapshot of homebuilders across America and a housing heat map suggesting continued sluggishness across...

Futures, Global Markets Tumble As Oil Soars Amid Fears Of Lenghty Energy Crisis Seven days into the war on Iran and markets are getting increasingly shaky. US equity futures tumbled ahead of the February jobs report, and are on pace to close the worst week for global markets since 2020 deep in the red as the selloff in global bonds deepened after another jump in oil prices fanned fears that the war in the Middle East is fueling inflation. As of 8:00am ET, S&P 500 futures were 0.7% lower while contracts on...

Gentlemen cry peace, peace. But there is no peace. The war has barely begun. Though its position is untenable, the empire cannot slink away now. As things stand, Iran et al. have won an overwhelming strategic victory. One that cannot be undone. And everyone that matters in the world knows this to be true. That […]