July Jobs Shock: US Lost 23K Workers, Below Lowest Estimate, As Unemp Rate Drops To 4.1%

Germany's Debt Spiral: Bundesbank Chief Breaks Silence Submitted by Thomas Kolbe It’s not every day that top officials of the German Bundesbank take an explicit stance on daily politics. Nagel’s stark warnings about Germany’s debt and the government’s creative accounting were surely met with grim recognition in Berlin’s corridors of power. Open criticism is rare there, and when it comes from credible insiders, it stings even more. Bundesbank President Joachim Nagel  Chancellor Friedrich Merz and his Finance Minister Lars Klingbeil apparently still believe the fairy tale that debt-fueled demand policy can create economic miracles,...

US Pending Home Sales Plunge Back Near Record Lows In July Following another disappointment in existing home sales in July, weak homebuilder sentiment, and plunging housing starts, pending home sales tumbled for the second month in a row in July (-2.3% MoM vs 0.0% exp - below thew worst forecast), dragging sales down 2.5% YoY - the biggest annual drop since April 2025... This decline matches the second-worst reading in data back to 2001... “The highest mortgage rates of the year hit right in the middle of summer, and that’s pulling back contract...

SpaceX "Looks Unusually Cheap" On The Forward: Morgan Stanley SpaceX shares rose more than 5% in mid-morning trading in New York, breaking above the trading range that had contained the stock since mid-August. Shares climbed past the $160 level to $167. Morgan Stanley analyst Adam Jonas wrote that SpaceX shares at these levels offer an inexpensive way to gain exposure to the space and artificial intelligence economy when adjusted for projected earnings growth. "We expect developments over the next few months will help investors better appreciate the role of SPCX in addressing...