Major Israeli PAC Flips: Tel Aviv Should Pay Out-Of-Pocket If It Wants US Weapons

Here is the non-news news flash up front — The alleged ceasefire between the United States and Iran is kaput. While there has been no official announcement stipulating that it is over, trust me, it is over. The copium in the Trump administration in particular, and in Washington, DC in general, is ridiculous… Proclamations of a great […]

US Existing Home Sales Bounced In February As Mortgage Rates Tumbled Despite tumbling mortgage rates, existing home sales plunged (the most since COVID) in January, with some blaming 'below-normal temperatures' despite The West suffering the biggest declines (and unaffected by the winter storms). Consensus was for a modest 0.8% MoM decline in February (again despite an ongoing drop in mortgage rates) but sales actually surprised to the upside, rising 1.7% MoM. Perhaps even more notably, January's 8.4% MoM plunge was revised up to a slightly less crazy 5.9% MoM drop... Source: Bloomberg With...

So now the die is cast and the United States has joined Israel in an unprovoked attack on a non-threatening Iran to destroy its military capabilities and to bring about regime change. This is a major mis-step that could easily turn out very badly as it is a pointless war of choice that could easily […]