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"Showings Have Stopped": Housing Market Freezes As Mortgage Rates Soar To 3 Year High
"Showings Have Stopped": Housing Market Freezes As Mortgage Rates Soar To 3 Year High
The American dream has never been more out of reach.
Mortgage rates posted their largest increase in four years this week, one of the clearest signs of how the recent bond-market selloff is spilling into the broader economy - if not memory and chip stocks which continue to trade entirely on the highly efficient circular financing and junk bond markets.
30-year fixed-rate mortgages rates surged 25bps in one week, to 7.28% from 7.03%, the biggest jump since October...
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Nov 8, 2026 / Tyler Durden
Out Of 45 Data Center Votes Across America, Exactly One Went The Industry's Way
Out Of 45 Data Center Votes Across America, Exactly One Went The Industry's Way
Harwood, North Dakota, a town of about 940 people ten miles from Fargo, was the only place in the country where voters sided with a data center on Election Day, according to Redbud Consulting data cited by Fortune, which counted 45 data center ballot measures nationwide. In Harwood, about 75 percent of the 430 votes cast, 325, went against Measure 2, a charter amendment that would have put new hurdles in front of large industrial projects....
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May 11, 2026 / Tyler Durden
Key Events This Week: CPI, PPI, Retail Sales, Trump-Xi Summit
Key Events This Week: CPI, PPI, Retail Sales, Trump-Xi Summit
As DB's Jim Reid tallies overnight, it has now been 73 days since the war in Iran began, with the past 32 marked by a stalemate characterized by a mix of truce and ongoing ceasefire. The absence of any meaningful kinetic activity for over a month suggests a firm US preference for reaching a deal. However, a counterpoint is that uncertainty over who holds negotiating authority in Iran may be complicating progress and delaying more difficult times ahead. It remains...
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Apr 3, 2026 / Joshua Mawhorter
Barter, Media of Exchange, and Colonial America
Despite the claims of the chartalists and modern monetary theory advocates, early American monetary history tells a much different story. In fact, much of the historical evidence illustrates Menger’s theory.
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