When Everything Becomes a National Security Threat

New Home Sales Soared In August, Prices Plunged As Mortgage Rates Spiked With homebuilder confidence plumbing new depths (and Housing Starts and Permits plunging), expectations were surprisingly for a small bounce back in new home sales in August (after collapsing in July). Analyst consensus was correct, with a 6.4% MoM jump (+1.3% MoM exp) with July's 10.5% MoM plunged revised dramatically higher to just 4.3% MoM decline. August was the biggest surge in sales since February, but still left sales down 2.0% YoY... Total new home sales SAAR jumped to 864k -...

Lebanon’s Health Ministry has reported at least 10 people killed today in a flurry of Israeli airstrikes in the south of the country. At least six of the slain were reportedly paramedics and one was a Syrian child. The larger of the two strikes targeted the Shi’ite village of Deir Qanun. Six people were killed […]

Hezbollah Supporters Block Roads, Encircle Govt Buildings In Beirut Over Israel Deal: 'They Sold Us Out' Mass protests broke out in Beirut on Friday into Saturday, with supporters of Hezbollah voicing their outrage at the Lebanese government having just signed a 'trilateral peace framework' with Israel and the United States, despite the IDF occupation of southern territory and sporadic Israeli bombings persisting.  Hundreds of motorcycle-riding supporters were also seen circling streets through central Beirut, near the parliament building and along airport road. In some cases protesters blocked roads near sensitive government...