"Late Spring Buyer Rush": US Pending Home Sales Just Surged By The Most In Almost 2 Years

The Strait Of Hormuz Crisis Exposes A Fatal Flaw In Economic Thinking Authored by Kurt Cobb via Resource Insights, Even a 4–5% loss in global energy supply could translate into a comparable drop in economic activity due to energy’s central role in all production. Disruptions in oil and LNG flows through the Strait of Hormuz are already removing a significant share of global energy, with cascading impacts across industries. Rising energy costs trigger widespread knock-on effects—from food and travel to semiconductors—potentially leading to a severe global recession. A priest, an engineer, and an economist are...

As Israel launches more and more cross-border raids into Syria’s Quneitra Govenrorate, troops are establishing checkpoints to harass locals. In addition to the checkpoints, troops are increasingly engaged in raids to capture young men, though exactly why they’re being captured is never all that clear. On Sunday, IDF troops in southern Quneitra chased and captured […]

Trump Says US To 'Substantially Reduce' Military Drills With S.Korea, Cites 'Very Good Relationship' With Kim President Trump revealed Sunday he has ordered the Pentagon to scale back joint military exercises with longtime close ally South Korea, surprisingly mentioning his "very good relationship" with North Korean leader Kim Jong Un as a motivating factor in the decision. Trump said in a Truth Social posts that exercises, due to start on Monday, are costly and "send a signal that is totally inappropriate and hostile" to North Korea, which he said "has been...