What History Teaches Us About Why So Many Eventually Flee Socialism

Vance Warns 'US Has Options' As Iran Rejects Direct Doha Talks - Trump Insists Diplomacy Is 'Very Good' Update(1315): The American side is keeping up the illusion of progress on Iran talks, even as Tehran has once again on Wednesday confirmed no direct meeting has taken in place in Doha - nor are there plans for direct dialogue, its deputy FM has said. President Trump has simultaneously hailed "very good" talks on Iran in Doha - apparently just referencing envoys Witkoff and Kushner merely dialoguing with third country intermediaries.  On the same...

US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb After reaching a record low last month - with the decline blamed on weather - pending home sales bounced modestly in February (up 1.8% MoM vs -0.6% MoM exp and -10.% MoM prior). Year-over-year home sales continue to decline (down 0.6% YoY)... Source: Bloomberg ...just barely off of all-time-record lows... Source: Bloomberg Pending home sales in the South, the biggest home-selling region in the country, increased 2.7%. They rose 4.6% in the Midwest and edged up in the West. Contract signings dropped in...

Futures Slide Amid Renewed Tech Selling, Geopolitical Chaos Ahead Of Key CPI Print Markets continue to trade with a risk-off bias this morning, with equity futures and macro credit weaker, rates selling across the curve, as the USD and oil sensitive currencies outperform. It’s set to be another ugly day for US tech stocks as US equity futures slide ahead of today's CPI print which will see headline inflation rise above 4% for the first time in 3 years (full preview here). As of 8:00am Nasdaq 100 futures are down 1.5%...