After SpaceX IPO, Jefferies Lays Out Five Takeaways For Space Boom Into 2030s

The War's Back Is Broken Authored by Alastair Crooke Trump ordered the US military not to carry out new strikes on Iran Friday night, despite approving earlier a "Gates of Hell massive attack" on Iran. The US has now requested a new temporary ceasefire with Iran and is seeking a return to the collapsed and suspended MoU, with discussions to include Yemen, and with Trump seeking to make AnsarAllah a party to the negotiations. Clearly Trump is angry, and fears that that the war is consuming his Presidency (and his legacy). Iran comprehensively rejected all negotiations throughout this last week...

Housing Market's Crucial "Spring Selling Season" Is In Tatters Authored by Wolf Richter via Wolf Street, Late last year and early this year, the story was that dropping mortgage rates, powered by big rate cuts from the Fed, would unleash demand in the housing market in the spring – the key spring selling season – and that sales volume would take off and that Realtors’ commissions would rocket to the moon. And so that didn’t happen. Inflation has been reheating for months before the war and before the energy price spike. The...

Speaking Loudly And Leaning On A Big Schtick By Michael Every of Rabobank Yesterday saw the regular schtick where the Middle East situation remains worrying, but markets reacted to more positive narratives. After four crew and two rescuers were killed in a Houthi Red Sea attack on a ship and the US struck another in the Gulf of Oman’ trying to break its Iran blockade; Iran said Hormuz will stay closed unless the US meets its over-reach conditions; Trump doubled down on economic warfare vs Tehran because he thinks it’s “bleeding...