Article
The Most Splendid Housing Bubbles In America
The Most Splendid Housing Bubbles In America
Authored by Wolf Richter via Wolf Street,
In 27 of the 33 big and expensive cities we track here, mid-tier home prices in March were down from their respective peaks in prior years, led by Austin (-26%), Oakland (-25%), and New Orleans (-19%).
Now also filtering into these mid-tier home prices is the “mansion shortage” in San Francisco, the epicenter of the AI investment bubble. Total employment in the city dropped and the unemployment rate ticked up. But a relatively small number of super-highly paid...
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May 29, 2026 / Tyler Durden
Kicking The Can On A Ceasefire "Which Does Not Solve Anything"
Kicking The Can On A Ceasefire "Which Does Not Solve Anything"
Bas van Geffen, Senior Macro Strategist at Rabobank
Both Bloomberg and Axios report that the US and Iran have reached a tentative deal to extend the ceasefire by 60 days as they engage in further negotiations over Iran’s nuclear programme. However, Tasnim reported that the text of the memorandum of understanding had not been finalized.
US Vice President Vance said that the two sides are still “going back and forth on a couple of language points,” which reportedly includes the wording on...
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Jul 30, 2026 / Tyler Durden
Federal Judge Rules Race-Based Portion Of Houston Program Unconstitutional
Federal Judge Rules Race-Based Portion Of Houston Program Unconstitutional
Authored by Kimberly Hayek via The Epoch Times,
A federal judge on Tuesday permanently barred the city of Houston from enforcing the race-based parts of a program that includes numerical goals for awarding public contracts to minority-owned businesses, ruling that doing so is in violation of the equal protection clause of the 14th Amendment.
A judge's gavel, in this file photo. Andrew Kelly/Reuters
U.S. District Judge David Hittner described his decision as the first to extend the U.S. Supreme Court's 2023 ruling against race-conscious...
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Jun 22, 2026 / Ryan McMaken
The Fed's Inflation Problem
Mises Editor-in-Chief Ryan McMaken explains how the new Fed chairman faces a political problem with rising prices and the fact the Fed keeps fueling the inflation fire.
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