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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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由
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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It's in our interests that Ukraine is successful in defending itself against Putin's Russia, an adversary of the United States. By supporting Ukraine, we help weaken Russia's military—safeguarding our well-being, livelihoods, and the freedom and prosperity we enjoy in America.
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It's in our interests that Ukraine is successful in defending itself against Putin's Russia, an adversary of the United States. By supporting Ukraine, we help weaken Russia's military—safeguarding our well-being, livelihoods, and the freedom and prosperity we enjoy in America.
时政
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twitter.com)
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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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At the Forum in Singapore, President Zelensky said that unfortunately, Beijing is talking the countries of "Global South" out of participating in the Peace Summit in Switzerland, suggesting instead a plan of de-facto "freezing the war" - which suits Russia.
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At the Forum in Singapore, President Zelensky said that unfortunately, Beijing is talking the countries of "Global South" out of participating in the Peace Summit in Switzerland, suggesting instead a plan of de-facto "freezing the war" - which suits Russia.
We are currently
时政
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twitter.com)
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