Phoenix Home Prices Up Over 32% YoY

Phoenix Home Prices Up Over 32% YoY

  Supporting the vicious cycle of soaring home prices pushing homebuyer confidence to record lows, July Case-Shiller Housing data (the latest available) showed yet another record pace of increase in home prices. The broad HPI rose 19.70% YoY (a record) and...
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Taiwan Reports Zero COVID Cases

Taiwan Reports Zero COVID Cases

Taiwan Reports Zero COVID Cases For First Time Since Outbreak Began In May As COVID cases surge in Vietnam, Thailand, Malaysia and other countries across East Asia, Taiwan on Saturday achieved another milestone in its battle with COVID: zero new...
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US West Coast Port Congestion At Record High

US West Coast Port Congestion At Record High

US West Coast Port Congestion At Record High Amid Transpacific Trade Route Disruptions Peak shipping season is underway, and container ships anchored off California are on the verge of record congestion. New data from Marine Exchange of Southern California &a...
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Infrastructure Bill Mandates Drunk-Driver Detectors For New Cars

Infrastructure Bill Mandates Drunk-Driver Detectors For New Cars

The $1 trillion infrastructure bill – a bipartisan 2,702-page bill that has been locked in negotiations for months between Democrats and Republicans will mandate all new vehicles must have the technology to detect drunk drivers and alert systems to ch...
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Lloyd Austin’s Visit To Vietnam Aimed At Forming Anti-China Coalition

Lloyd Austin’s Visit To Vietnam Aimed At Forming Anti-China Coalition

Retired four-star general U.S. Secretary of Defense Lloyd Austin became the first high-ranking official of the Biden administration to visit Vietnam. The new U.S. defense chief’s first trip to Southeast Asia was by no accident as Washington is hoping it can...
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Exxon Mobil Beating Q2 Earnings

Exxon Mobil Beating Q2 Earnings

Earlier this week analysts predicted Exxon will likely beat expectations largely thanks to surging plastic prices and that precisely what happened. As the company reported moments ago, while prices and margins for crude, nat gas and downstream were all in the...
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Facebook: Disappointing DAUs, Warning Revenue Growth Will “Decelerate Significantly”

Facebook: Disappointing DAUs, Warning Revenue Growth Will “Decelerate Significantly”

After yesterday’s tech bonanza which saw Google surge, Apple fall and Microsoft swing when the 3 gigacaps reported more than $57 billion in net income, we now get the 4th FAAMG – Facebook – before Amazon closes the books on...
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ETF Money Inflows Set To Smash Record In 2021

ETF Money Inflows Set To Smash Record In 2021

2021 is set to smash records, with $488.5 billion and counting moving into ETFs in just 7 months so far this year, far surpassing the previous full year record of $497 billion from 2020, according to Bloomberg. The move comes at...
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Heathrow Airport Passenger Numbers Remain Almost 90% Down From Pre-Pandemic Levels

Heathrow Airport Passenger Numbers Remain Almost 90% Down From Pre-Pandemic Levels

Heathrow airport passenger numbers remain almost 90 percent down on pre-pandemic levels and significantly lower than EU rival airports, new figures show. Airport bosses revealed just 957,000 passengers passed through its terminals in June compared with 7,246,1...
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Gundlach Warns Dollar Is “Doomed”

Gundlach Warns Dollar Is “Doomed”

It has been a while since DoubleLine Founder Jeffrey Gundlach sat for a lengthy interview with CNBC’s Scott Wapner, aka “the Judge”, during the network’s “Halftime Report”. Gundlach has at times clashed with various CNBC pe...
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The FED: They Cannot End Quantitative Easing

The FED: They Cannot End Quantitative Easing

When the economy was shut down in March 2020, the government responded with massive fiscal and monetary support. The fiscal stimulus totaled $4T+ in relief packages. All of this spending was paid for with debt issued by the Treasury. The...
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Petitions To Keep Bezos From Returning To Earth Next Month Signed By Over 56,000 People

Petitions To Keep Bezos From Returning To Earth Next Month Signed By Over 56,000 People

Over 56,000 people have signed petitions calling to prevent Jeff Bezos from returning to earth next month, when the billionaire founder of Amazon.com is set to ride his phallic ‘New Shepard’ rocket into space along with his brother, Mark and...
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Ronaldo to take $10M+ loss on Trump Tower apartment in New York

Ronaldo to take $10M+ loss on Trump Tower apartment in New York

Ronaldo to take $10M+ loss on Trump Tower apartment in New York after fans pressured him to disassociate from ‘Bad Orange Man’. Soccer superstar Cristiano Ronaldo is reportedly ready to lose nearly $11 million on the sale of his Trump...
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US spying all over world unacceptable, intolerable

US spying all over world unacceptable, intolerable

US spying all over world unacceptable, intolerable, China foreign ministry says. China says it is definitely “unacceptable and intolerable” that the US is spying on the leaders of its European allies and others around the world, stressing that Washington...
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One healthy and delicious way to cut your risk of Type 2 diabetes

One healthy and delicious way to cut your risk of Type 2 diabetes

An estimated 374 million people in the world are at increased risk of developing Type 2 diabetes, researchers say. Grab a piece of fruit, not a sugary drink. That’s the takeaway from a new study, released Wednesday, looking at one...
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