"Closing Time" On The AI Bubble Is Sooner Than Most Think; Ed Dowd Warns Iran War Brings Global Recession Closer

US Existing Home Sales Unexpectedly Dropped In June, Just Off Record Lows After an ugly Spring selling season, existing home sales have rebounded in Q2 (so far) with expectations for another 1.0% MoM increase in June. However, that was not to be with US existing home sales tumbling 2.4% MoM in June (although May was revised up to a +3.7% MoM gain from +3.2%). That slowed the annual improvement in sales to +2.75% YoY... Overall, existing home sales SAAR remains just off record lows... “The back-and-forth in monthly home sales activity, driven by...

Record 1 In 16 People Worldwide Now Use Drugs, UN Report Says Authored by Naveen Athrappully via The Epoch Times, One out of every 16 people in the world uses drugs, the highest level at any point in human history, the United Nations said in a June 26 post on X. “While cannabis remains the most widely used drug, the global cocaine market has reached record levels,” the U.N. stated in the post. In the 10 years between 2014 and 2024, global production of cocaine has surged by more than 370 percent. The...

Everyone In The Democratic Party Has Money - Except The Democratic Party Authored by Chase Smith via The Epoch Times (emphasis ours), On April 30, Maine’s Democratic Gov. Janet Mills dropped out of the race for a U.S. Senate seat. In a statement about suspending her campaign, Mills was blunt: “While I have the drive and passion, commitment and experience, and above all else—the fight—to continue on, I very simply do not have the one thing that political campaigns unfortunately require today: the financial resources.” As Mills said, financial resources matter in today’s political...