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Japan Marks Hiroshima Anniversary Without Naming US, While Shaming Russia
Japan Marks Hiroshima Anniversary Without Naming US, While Shaming Russia
Russia is not happy with Japan's statements regarding the anniversary of the US military's dropping of the atomic bomb on Hiroshima at the end of WWII. Thursday marks the 81st anniversary of the bombing which obliterated the densely-populated industrial city.
The Kremlin is accusing Japanese officials of intentionally dropping any mention of just who dropped the nuke which ultimately killed some 140,000 people, the vast majority of them civilians.
The city's mayor Kazumi Matsui at a ceremony held at the center of where the...
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Jun 3, 2026 / Tyler Durden
India Throws Open The Bond Gates: Modi Slashes Foreign Investor Taxes In Scramble To Halt Rupee Collapse
India Throws Open The Bond Gates: Modi Slashes Foreign Investor Taxes In Scramble To Halt Rupee Collapse
Having spent the better part of a decade assuring the world that the Indian growth miracle was self-sustaining, structurally sound, and impervious to the “fragile five” indignities of yesteryear, New Delhi has quietly arrived at the only conclusion that ever follows a currency in freefall: print incentives, slash taxes, and beg foreigners to please, please come back.
According to Bloomberg, India is poised to announce a suite of measures to lure foreign capital -...
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Jun 29, 2026 / Tyler Durden
The Last Word On Kernen Vs. Grantham
The Last Word On Kernen Vs. Grantham
Submitted by QTR's Fringe Finance
Last week, CNBC’s Andrew Ross Sorkin and Joe Kernen interviewed legendary value investor Jeremy Grantham, and for about six minutes the conversation turned into one of the better moments I’ve seen on financial television in a long time.
Grantham, the 86-year-old co-founder of GMO, whose case for the market being overvalued I highlighted last week, built one of the world’s most respected institutional asset management firms. Over the course of his career, he became famous for identifying some of the largest...
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Mar 17, 2026 / Tyler Durden
US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb
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...
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