Independent thinking for complex markets and current events
Hail the size of grapefruit fell in Illinois Wednesday night, and that may qualify as a new state record, if it can be officially confirmed. Widespread severe storms on Tuesday produced massive hail across parts of Illinois, Texas and Missouri, including a new contender for a state record. AccuWeather Meteorologist and Storm Chaser Tony Laubach …
Something ruptured under the surface and the quiet around it feels louder than the break itself. At 05:45 UTC on Saturday, multiple subsea cables were severed in the Red Sea, triggering internet outages across Pakistan, India, and the United Arab Emirates. Microsoft called it a “service degradation,” but the phrase barely hides the scale of …
1) What's extremely interesting is that home prices, for a very long time, simply tracked the rate of inflation. More specifically, from 1890 to 1990, over 100 years, inflation-adjusted prices never went more than 15% above their long-term trend line. — Nick Gerli (@nickgerli1) May 15, 2025 3) And it was in this period that …
https://www.bloomberg.com/news/features/2024-06-06/real-estate-investors-face-crisis-as-big-wall-street-deals-unravel Syndicators made big purchases that are unraveling with high interest rates, adding distress to an already troubled US property market. Nathe started following a wealth influencer named Mir Jafer Ali Joffrey, who went by the nickname “Buck.” He had an earlier career as a cosmetic surgeon, with a Chicago-area clinic that offered liposuction and …