Housing inventory up 40% yoy. Signals in construction activity are mirroring the period leading up to the 2008 crash.

Altos reports that active single-family inventory was up 1.1% week-over-week. Inventory is now up 32.1% from the February seasonal bottom, and at the highest level since July 2020. This inventory graph is courtesy of Altos Research. As of July 5th, inventory was at 653 thousand (7-day average), compared to 646 thousand the prior week. Inventory is still far …

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UK Labour vows tougher North Sea oil taxes, end to new licenses, reinstates 2030 ban on new gas cars.

Higher Taxes: Labour plans to raise taxes on North Sea oil and gas producers. Specifically, they intend to increase the existing windfall taxes from the current 75% to 78%. This move aims to fund their ‘green prosperity plan’, which includes investments in renewables through a state-owned vehicle called Great British Energy. Ban on New Licenses: Labour has pledged …

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Speculative positioning in US equity index futures is at all-time highs. Total Put/Call Ratio drops to the lowest level since August 2015

Speculative positioning in US equity index futures is at all-time highs 🚨 https://t.co/TanGdixabv pic.twitter.com/VUXve06IL3 — Markets & Mayhem (@Mayhem4Markets) July 8, 2024 Asset Managers’ exposure to US equity futures hits a record high. https://twitter.com/Barchart/status/1810467469879857513 Concentration concern: the 3-month correlation between the S&P 500 and the # of stocks advancing has fallen below the dot-com bubble …

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French Prosecutors Launch Probe Into Le Pen

In 2024, ‘democracy’ blurs as prosecutors target populists, erasing lines between autocracy and democracy.” French prosecutors have opened an investigation into the campaign financing of far-right leader Marine Le Pen’s presidential bid in 2022. The probe follows a preliminary inquiry and focuses on suspicions of embezzlement, forgery, fraud, and a candidate accepting a loan during an election campaign. Le Pen, …

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Dusseldorf court rules far-right AfD members cannot legally possess firearms in Germany.

According to a recent ruling by the Dusseldorf Administrative Court, members of the far-right Alternative for Germany (AfD) party cannot legally possess firearms under Germany’s weapons law. The AfD has been deemed a suspected extremist group, and as a result, a married couple who were party members must surrender all of their firearms. Germany’s domestic intelligence …

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No Reform or Leader Is Going to Save the Status Quo–We’re On Our Own

Authored by Charles Hugh-Smith via oftwominds, The key takeaway here is: don’t count on a simplistic ideology or reform or a “supreme leader” to save the status quo from internal failure. Humans prefer simplicity to complexity. This is why mythologies still resonate with us, despite our hubristic claims to rationality and “following the science.” What we …

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Poland Agrees To Shoot Down Missiles Over Ukraine From Russian Territory

The Ukraine-Poland security agreement includes a provision to develop a mechanism to shoot down Russian missiles and drones launched in the direction of Poland within Ukrainian airspace. Ukrainian President Volodymyr Zelenskyy announced this during a briefing in Warsaw on Monday, as reported by European Pravda1. The agreement reflects the close collaboration between the defense ministries of both countries to swiftly …

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80% of U.S. housing investors are concerned about future home insurance premium hikes

80% of landlords in a recent ResiClub-Groundfloor Housing Investor Survey expressed concern about future increases in home insurance premiums. Among them, 37% are very concerned. These rising premiums are not limited to coastal states; even homeowners in Indiana and Iowa saw their average home insurance rates rise by 12.2% and 13.5%, respectively, in 2023. The surge is attributed to factors like climate risk and housing and construction inflation, which have driven up replacement and …

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Whoopi Goldberg says she would still vote for Biden even if he poops his pants and can’t put a sentence together because she also has “poopy days”

Whoopi Goldberg says she would still vote for Biden even if he poops his pants and can’t put a sentence together because she also has “poopy days” byu/alanboston405 inlibsofreddit Whoopi Goldberg told her co-hosts Monday on ABC’s “The View” that she supports President Joe Biden staying in the presidential race even if he “pooped his …

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US corporate bankruptcies in June reach highest monthly level since early 2020

Corporate bankruptcies in the United States surged to their highest monthly level in June 2024 since early 2020. A total of 75 companies filed for bankruptcy during that month, surpassing the numbers seen in June and July of 2020. The increase in bankruptcies is attributed to factors such as high interest rates and rising wages, which …

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Stephen King is waving the white flag- Time for Joe to call it quits- announce he will not run for re-election.

Even Stephen King is voting for Trump! — Elon Musk (@elonmusk) July 8, 2024 No way!!!🤣🤣🤣 pic.twitter.com/BdLL0JwtaN — 🇺🇲🔥MAGABGreatGenes🔥🇺🇲 (@magab2023) July 8, 2024 Loony liberals are as predictable as the sun coming up – pic.twitter.com/4QRJhEx4v0 — Catturd ™ (@catturd2) July 8, 2024 h/t Jwnlwplus4

A state of emergency has been declared in 121 counties in Texas.

A state of emergency has been declared in 121 counties in Texas. Exxon Mobil Corp. said it was adjusting some operations. Freeport LNG ramped down liquefaction operations with plans to resume once the storm safely passes, a company spokesperson said. (Bloomberg) https://t.co/t4J2nQxajn — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) July 8, 2024 More Than 2.6 Million People …

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The break will be hard. And fast. And take everyone by surprise. Investors are set up for disappointment ahead.

The break will be hard. And fast. And take everyone by surprise. pic.twitter.com/kk26gMoGBN — Mac10 (@SuburbanDrone) July 8, 2024 12m forward EPS est have surged to $260 (blend '24/'25), while actual earnings have been *flat* around $225 for ~2yrs. Plus paying 21x fwd, levels only seen in the tech bubble at these bond yields. pic.twitter.com/JcFgZhs7PJ …

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Guess Where Your Taxpayer $$$ is Going

Donald Trump Exposed It All, It All Makes Sense Now Recently The CIA confirmed The Joe Biden Admin is sending $43-$87 million in cash EVERY WEEK to ISIS TRUMP “Barack Obama is the founder of ISIS and the cofounder would be crooked Hillary Clinton” We are funding our own demise pic.twitter.com/t7WJunPoB1 — Wall Street Apes …

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June 2024 marked the first time in 44 months that no global central bank hiked interest rates.

🚨 Here's a wild stat: June 2024 marked the first time in 44 months that no global central bank hiked interest rates. A global easing cycle is upon us. Prepare accordingly. pic.twitter.com/JBpogzFxzb — Jesse Cohen (@JesseCohenInv) July 8, 2024 Funny enough, markets tend to rally ahead of rate cuts, and then correct lower once the …

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Tourists flocked to Death Valley in search of extreme heat experiences

A long-running heat wave, which has shattered previous records across the U.S., persisted on Sunday. The scorching temperatures caused the unfortunate death of a motorcyclist in Death Valley. Visitors from around the world have ventured to the National Park to experience the intense heat for themselves. 🚨🇺🇸 TOURISTS HEAD TO DEATH VALLEY TO FEEL RECORD …

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The recent drop in this economic indicator signals 2024 recession, mirroring past sharp downturns.

This economic indicator just saw a big move down At this rate, the recession threshold will be hit in 2024 The last 3 times it was hit ended in sharp economic downturns Leading to significant stock market declines pic.twitter.com/3h673lqYys — Bravos Research (@bravosresearch) July 7, 2024 RECESSION IN THE US USUALLY COMES WITHIN 18 MONTHS …

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Majority of casual dining restaurants are down 30-50% YTD

Majority of casual dining restaurants are down 30-50% YTD pic.twitter.com/pDIYPhgT0i — Win Smart, CFA (@WinfieldSmart) July 8, 2024 In 2023, the casual-dining segment faced significant challenges. While overall sales for casual-dining chains increased by 4.7% year over year, traffic declined by 1.6%. This deceleration was due to factors such as stubborn inflation, price-sensitive consumers, and …

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We are in the vicinity of peak crack high.

We are in the vicinity of peak crack high. pic.twitter.com/UyHtIKtAIa — Mac10 (@SuburbanDrone) July 8, 2024 Millennials and Gen Z are ~90% invested in stocks in their 401ks pic.twitter.com/bndxRPm7Eg — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) July 7, 2024 https://twitter.com/MFHoz/status/1809947687145406812 When adjusted for gold, US equity market’s overvaluation echoes the 1929 peak. Before you criticize …

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Social Security is underfunded by $175 trillion. The “wealthy” will need to pay 7x US GDP in taxes to keep it solvent

Biden: "the wealthy should pay more to keep social security solvent" Social Security is underfunded by $175 trillion. The "wealthy" will need to pay 7x US GDP in taxes to keep it solvent — zerohedge (@zerohedge) June 28, 2024 According to the latest U.S. Treasury Department report, these programs are underfunded by a staggering $175 …

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Traffic in DFW has gotten insane in the last 5 years. Too many people moving here. Road infrastructure not ready

Traffic in DFW has gotten insane in the last 5 years Too many people moving here. Road infrastructure not ready pic.twitter.com/Z8BjCXH7sb — Amy Nixon (@texasrunnerDFW) July 7, 2024 Over the past five years, DFW has faced significant traffic issues, including congestion, longer travel times, and unfortunately, a high traffic fatality rate. Let’s break it down: …

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Hard-landing recession? Citi just released their prediction that emergency rate cuts begin in September.

“Emergency rate cuts” equals hard-landing recession is inevitable and already underway. No central bank has ever “emergency rate cut” itself out of a recession. https://t.co/QP44holn9s — Uncle Milty’s Ghost (@his_eminence_j) July 7, 2024 Negative growth in Full Time Work. No false positives in predicting a recession. pic.twitter.com/F7nYdUVqv0 — James E. Thorne (@DrJStrategy) July 6, 2024 …

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VIDEO: A group of 250 “Patriot Front” paid actors seen marching in Tennessee with confederate flags

🚨#BREAKING: A group called the Patriot Front are have been spotted marching down in downtown Nashville 📌#Nashville l #Tennessee Approximately 150-250 individuals identified as members of the "Patriot Front," recognized as a right-wing organization, were seen marching in… pic.twitter.com/5nc0etQ66p — R A W S A L E R T S (@rawsalerts) July 6, 2024 The …

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The Biden campaign now says it will no longer suggest questions to interviewers of the president, according to CNN

They got busted when several interviewers reported that they were given a list of pre-approved questions. — Cactus Castle (@cactuscastle24) July 7, 2024 JUST IN: Radio show host says she was sent interview questions to ask Biden ahead of their interview earlier this week. Biden: A president so sharp that he can't even answer questions …

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Marine Le Pen destroys CNN.

“You’re ‘Far Right…” “We DEFEND the existence and the Power of Nations…” “You’re kidding me right?” “I think this use of the term ‘Far Right’ carries a stigma which is very pejorative…” pic.twitter.com/MfcaZLlLWr — Jay Stew (@JohnSte32296339) July 7, 2024 “You can be a Foreigner and live in France if you respect the law and …

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Woman Says She’s “Too Pretty” To Work And Gets Humbled

“I’ve been the single mother (for years) and even during my marriage, I did most of the work. Raising three wonderful children, part-time work, yard work, carpentry, cooking, cleaning, laundry, etc, etc, etc.. It’s part of the reason that I got a divorce…” 0:00 “I Don’t Want To Work” 0:50 “I regret being strong and …

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The media should step down. Immediately.

The media has lied for democrats for decades! They have protected Biden for decades….from his racism, to his sexual assaults. They lied and protected the entire Biden family. Hunter, James Biden and of course “the big guy” were all protected by today’s media! pic.twitter.com/WUR4aeRDcM — The Silent Majority (@siIentmajority) July 6, 2024 COVERUP: There were …

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