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New Home Sales Collapsed In July As Consumer Confidence Hit 7-Month Lows
New Home Sales Collapsed In July As Consumer Confidence Hit 7-Month Lows
The Conference Board's measure of Americans' Consumer Confidence fell from a revised-lower 90.2 to 89.4 in August (below the 90.2 exp) - the lowest since January.
Interestingly, under the hood, we saw Expectations plunge to January lows while Present Situation spiked from 5 year lows...
“Consumer confidence moderated slightly in August for a second consecutive month,” said Dana M Peterson, Chief Economist, The Conference Board.
“The Expectations Index slipped further into negative territory, which was offset by a moderate rise in...
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Sep 25, 2026 / Tyler Durden
Efforts To Curb Data Center Speculation Gain Ground Across The US
Efforts To Curb Data Center Speculation Gain Ground Across The US
By Brian Martucci of UtilityDive,
“A fraction of proposed data centers will get built. Utilities are wising up.”
That was the headline on a May 2025 Utility Dive article that explored the conundrum speculative data center requests pose for U.S. electric utilities. More than a year later, it’s unclear how much has changed.
Sections of the Stargate Oracle AI data center undergo construction on Aug. 26, 2026, in Abilene, Texas. Community opposition has emerged as a major barrier to data center development...
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Feb 20, 2026 / Tyler Durden
Steven Spielberg Flees California Amid Raging Wealth Tax Battle
Steven Spielberg Flees California Amid Raging Wealth Tax Battle
Another day, another rich liberal leaving a state over policies they promoted.
In today's episode of modern hypocrisy, Steven Spielberg, director of blockbuster hits like Jaws, E.T., Poltergeist and Saving Private Ryan, has moved to Manhattan, according to the Los Angeles Times. A spokesperson for one of Hollywood’s most reliable Democrat Party donors was quick to insist the relocation has nothing to do with California’s highly controversial wealth tax proposal.
“Steven’s move to the East Coast is both long-planned and driven purely by his and...
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May 12, 2026 / Tyler Durden
Truth Is The First Casualty Of War; The Currency Is The Second...
Truth Is The First Casualty Of War; The Currency Is The Second...
Authored by Nick Giambruno via InternationalMan.com,
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
— Ernest Hemingway
Thanks to the fiat currency system, governments at war can tap into a nation’s savings by financing conflict through currency debasement. Under a gold standard, governments had to have the gold or impose taxes if they wanted...
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