WTI Extends Gains As Crude Exports Slide, SPR Drain Continues, 'Tank Bottoms' Hit

22 more people were killed in Lebanon in the last 24 hours and 153 were wounded, according to the Lebanese Health Ministry, as the Israeli invasion and occupation of the south of the country continues to grow. The Health Ministry has documented 1,094 people as having been killed in the Israeli war, since it began […]

K-Shaped Economy Bites Back: Retail CRE Transactions For Shops, Malls Plunge February U.S. commercial real estate transaction activity appeared soft on the surface, but Goldman analysts believe the weak initial print will likely be revised meaningfully higher. The most notable area of weakness in last month’s transaction data was across the retail space, which is not especially surprising as the K-shaped economy continues to pressure lower-income consumers. Goldman real estate analyst Julien Blouin wrote Wednesday that the initial February reading on CRE transaction volumes showed a 13% year-over-year decline. He noted...

Understanding economics is the key to preserving civilization. This is because civilization itself is a consequence of choices.