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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?
点击图片查看原图
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NEW: David Sacks says Trump didn’t just campaign on fixing the border—he’s already done it.
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NEW: David Sacks says Trump didn’t just campaign on fixing the border—he’s already done it.
“I think you have to give the administration an A-plus on this,”
In just 100 days, the border crisis that plagued the country for years has been stopped cold—and according to Sacks, it’s
btc
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twitter.com)
00:01:17
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China Just Erased 35 Years of Progress — Back to 1991.
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China Just Erased 35 Years of Progress — Back to 1991.
China didn’t slow down. It fell off a cliff. The CCP just set its most modest growth target since 1991, a range of 4.5% to 5%, in a tacit acknowledgment that the old model powering the country's rapid growth has faltered.
时政
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twitter.com)
00:16:01
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Elon Musk on DOGE's findings: “We found people receiving unemployment insurance with a birthdate in the future.”
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Elon Musk on DOGE's findings: “We found people receiving unemployment insurance with a birthdate in the future.”
“We've seen just crazy things. Like the 20 million dead people in the Social Security database marked as alive, many of whom were receiving benefits. One person was
btc
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twitter.com)
00:00:49
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what a ridiculous moment this is. this image might be in textbooks at some point.
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what a ridiculous moment this is. this image might be in textbooks at some point.
“tesla launches robotaxi” doesn’t even begin to do any justice in any meaningful way.
kinda just the beginning of post driving civilization. second only to space because it basically rewrites
btc
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twitter.com)
•
signüll