"A Bridge Too Far": Middle East Set For A Massive Escalation

Number Of US Home Sellers Hits Highest Level In 6 Years In May: Report Authored by Rob Sabo via The Epoch Times, Homebuyers held more leverage over sellers in May, with sellers outpacing prospective buyers in 35 of the nation’s 50 most populous metropolitan markets, according to a June 9 report from real estate brokerage Redfin. The number of sellers reached its highest level since 2020. Home sellers outnumbered buyers by nearly 47 percent for the month, up slightly from 46.4 percent in April, but retreating slightly from the peak of 49.5 percent...

The Permanent Distortion Theory Submitted by QTR's Fringe Finance “This time it’s different” is supposed to be the dumbest phrase in investing. It’s the phrase people use right before they get obliterated. It was the rallying cry of dot-com lunatics buying companies with no revenue in 1999. It was the intellectual foundation of housing perma-bulls in 2006 who believed home prices could only go up because, apparently, Americans had collectively decided real estate was immune mathematical reality. It’s typically what people say when they’re trying to justify paying absurd prices for dogshit assets...

President Trump claimed on Wednesday that the US has “total control” over the Strait of Hormuz and may “keep it” despite Iran continuing to demonstrate its control of the waterway and engaging in negotiations with Oman on its future. “The USA has total control over the Strait of Hormuz. I THINK WE WILL KEEP IT! […]