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JUST IN: US home prices rise by 0.9% in July according to Case-Shiller data, marking a fresh ALL TIME HIGH.
Despite mortgage rates soaring to 7.5%+, their highest since 2000, home prices are up 5 STRAIGHT months.
Year-to-date, home prices are up 5.3% which is more than the…
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The Kobeissi Letter
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JUST IN: US home prices rise by 0.9% in July according to Case-Shiller data, marking a fresh ALL TIME HIGH.
Despite mortgage rates soaring to 7.5%+, their highest since 2000, home prices are up 5 STRAIGHT months.
Year-to-date, home prices are up 5.3% which is more than the median FULL year average.
This means that home prices are outperforming the S&P 493, which is the S&P 500 minus 7 tech stocks, on a YTD basis.
All as 8%+ mortgages are on the way and existing home sales hit 2010 lows.
How can this end well?
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How Japanese have produced wood for 700 years, without cutting down trees.
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How Japanese have produced wood for 700 years, without cutting down trees.
Daisugi is an ancient Japanese forestry technique developed in the 14th century originally used by people living in the Kitayama prefecture, because the territory was extremely poor in saplings.
They…
有趣
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twitter.com)
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Massimo
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Vietnam’s government has banned the World Mission Society Church of God nationwide for “violating cultural norms and damaging national solidarity.” Established in South Korea in 1953, the new religious movement entered Vietnam in early 2000s and has since spread to 21 provinces.
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Vietnam’s government has banned the World Mission Society Church of God nationwide for “violating cultural norms and damaging national solidarity.” Established in South Korea in 1953, the new religious movement entered Vietnam in early 2000s and has since spread to 21 provinces.
时政
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twitter.com)
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Nga Pham
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"There's no one's house in Japan, we Chinese people can live in it! "
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"There's no one's house in Japan, we Chinese people can live in it! "
The Chinese influencer live in Ji-an Village, Wakayama Prefecture, Japan, illegally invaded other people's houses and instigated the Chinese to occupy them directly, no one knows.
Proletarians are roaming
时政
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twitter.com)
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A 59-year-old “Japanophobic,” Chinese nationalist, stabbed two Japanese men and a Chinese woman at a Japanese restaurant in Shanghai. 🙄
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A 59-year-old “Japanophobic,” Chinese nationalist, stabbed two Japanese men and a Chinese woman at a Japanese restaurant in Shanghai. 🙄
Given the persistent rise in anti-Japan sentiment, Japan should consider halting all manufacturing and other business activities in China.
时政
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twitter.com)
00:00:41
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