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Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates
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...
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May 27, 2026 / Tyler Durden
Why Hasn't Oil Hit $150 (Yet)?
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Authored by Robert Rapier via OilPrice.com,
Global oil inventories and floating storage have acted as temporary shock absorbers against the Hormuz disruption.
OPEC spare capacity has stabilized markets, but it cannot fully replace lost Persian Gulf exports indefinitely.
Prolonged disruption could eventually exhaust market buffers and trigger a much sharper oil price surge.
I think most energy analysts would have been shocked to learn that roughly three months into a total closure of the Strait of Hormuz, oil would be trading at just over $100 a barrel. I...
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Jul 8, 2026 / Tyler Durden
Socialism Is Targeting The Foundations That Made America Great
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Authored by Victor Davis Hanson via The Epoch Times,
This is a lightly edited transcript of a July 6 segment of the Victor Davis Hanson: In His Own Words podcast.
One question that came up constantly during this 250th anniversary Fourth of July celebration was whether we were gonna make it another 250 years, 500 years. We could be longer than the Roman Republic. Longer than the Roman Empire.
Democratic Socialists of America march in downtown Berkeley, Calif., on Aug. 5, 2018. Amy Osborne/AFP/Getty...
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Jun 11, 2026 / Tyler Durden
Trump Claims Iran Deal 'Pretty Much All Wrapped Up' - FARS Says Nothing Approved
Trump Claims Iran Deal 'Pretty Much All Wrapped Up' - FARS Says Nothing Approved
Summary
TACO SEASONING: Trump tells NY Post that Iran deal "pretty much all wrapped up," but FARS news agency says no deal has been approved.
TACO: Trump Cancels Strikes After All Day Bluster About 'Bigger' Strikes on Iran Tonight
Iran Parliament Speaker Ghalibaf says "Wrong strategies and impulsive decisions will reset the entire board for the worse, explode energy infrastructure and markets & create an endless quagmire that you will be stuck in for years."
Trump follows with mention of "bigger, more powerful"...
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