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US Housing Starts Collapsed In May To Lowest Since COVID
US Housing Starts Collapsed In May To Lowest Since COVID
With housing inventories at recent highs, the US housing market just suffered another sentiment setback as Housing Starts crashed by 15.4% MoM in May (far worse than 2% drop expected and worse since March 2024)), following a revised 8.5% MoM drop in April. Building Permits slipped 0.7% MoM (in line with expectations)...
Source: Bloomberg
That pulls the Housing Starts SAAR to its lowest since COVID (after reaching the highest since 2024 in April)...
Source: Bloomberg
Under the hood, it was multi-family (rental) starts that...
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Jun 6, 2026 / Tyler Durden
Area 51 Mystery Jet Caught On Thermal Camera Sparks Sixth-Gen Stealth Fighter Speculation
Area 51 Mystery Jet Caught On Thermal Camera Sparks Sixth-Gen Stealth Fighter Speculation
The military aviation and defense news blog The Aviationist has spent years tracking mysterious aircraft activity around U.S. restricted airspace. Its latest report highlights a thermal image that may reveal a previously unseen next-generation stealth fighter jet design featuring cranked-kite wings and canards near Area 51.
"Had to update this composite image with the latest mysterious aircraft. We have reported on all of them over the years, starting 12 years ago with the Amarillo and Wichita sightings, then...
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May 28, 2026 / Tyler Durden
Newsom Vows 100% Tax On Trump "Anti-Weaponization Fund" Payouts
Newsom Vows 100% Tax On Trump "Anti-Weaponization Fund" Payouts
Authored by AG News Staff via American Greatness,
California Gov. Gavin Newsom said Wednesday that his administration will seek to impose a 100 percent tax on any California residents who receive money from President Donald Trump's newly created $1.776 billion "anti-weaponization" fund.
Speaking to reporters, Newsom denounced the fund as a "slush fund" and pledged to block Californians from financially benefiting from it.
"Anyone from California that receives any of those funds, we want to tax 100 percent of those proceeds," Newsom said during...
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May 10, 2026 / Tyler Durden
What Would Be Truly Bullish? Actually Fixing What's Broken
What Would Be Truly Bullish? Actually Fixing What's Broken
Authored by Charles Hugh Smith via Of Two Minds,
We've come to an interesting juncture in history, interesting because while we're being assured that AI will solve all problems, including any it creates, back in the real world, AI is incapable of fixing what's broken because too many people are getting rich off the status quo, and since the status quo is the problem, those who own / control AI will use it to maintain the status quo, guaranteeing that what's broken...
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