Broken Market: In Unprecedented Inversion, It Has Never Cost More To Buy An Existing Home Over A New One After a modest drop in June which pushed them down near 15 year lows, expectations were for existing home sales to continue their decline in July as mortgage rates ticked up. Analysts were wrong, however, as sales of existing homes rebounded 2.0% MoM in July (vs -0.7% MoM expected), leaving existing home sales unchanged […]

U.S. Unauthorized Immigrant Population Reached A Record 14 Million In 2023 Authored by Jeffrey S. Passel and Jens Manuel Krogstad via Pew Research Center, In the years after the COVID-19 pandemic, U.S. immigration policy changes fueled a sharp rise in both legal and illegal immigration. Lawful admissions jumped, as did encounters at the U.S.-Mexico border between migrants and U.S. authorities. The number of unauthorized […]

Texas House Approves Redistricting Plan As California Advances Counter-Move With Democrats having ended their melodramatic two-week walkout intended to thwart a Republican congressional redistricting plan, the Texas House of Representatives swiftly approved the controversial new district boundaries on Wednesday evening. Enactment of the gerrymandering plan is now seemingly inevitable — but California is moving toward a remapping of […]

US Manufacturing Activity “Unexpectedly” Soars To Highest Since 2022 One month after unexpectedly sliding into contraction for the first time in 2025, moments ago the S&P Manufaturing PMI even more unexpectedly soared from 49.8 to 53.3, not only smashing expectations of another decline to 49.7 and printing well above the highest economist forecast and in fact printing 7-sigma above the median estimate… … but was the […]

FDA Warns Public Over Potentially Radioactive Walmart Shrimp Authored by Jack Phillips via The Epoch Times, The Food and Drug Administration (FDA) on Tuesday told the U.S. public not to eat, sell, or serve certain imported Walmart frozen shrimp produced by an Indonesian company because it may have been exposed to a radioactive material. Health officials said in a statement that it is investigating reports of Cesium-137 […]

Bullard Backs 100bps In 2025 Rate Cuts In Hopes Of Replacing Powell With candidates hoping to replace Jerome Powell coming up with increasingly dovish – not to mention – plans on how to attract Trump’s attention and jump in the lead earlier this morning, former St. Louis Fed president James Bullard, who has emerged a long-shot contender for the next US central bank chief, called for a percentage point of interest-rate cuts this […]

US, EU Release Details Of Trade Deal The US and European Union finally laid out the details of their recently announced trade deal which reduces tariffs on European automobiles while opening the door to new potential discounts for steel and aluminum. The joint statement issued this morning represents an advancement of the preliminary deal announced a month ago, and includes specific benchmarks for the EU to secure its promised […]

Robbed, Punched, And Pistol-Whipped – A White House Reporter’s Account Of Crime In DC Authored by Iris Tao via The Epoch Times (emphasis ours), Commentary The latest move by the White House to crack down on crime in Washington prompted me to reflect on a harrowing moment from my own life – the morning I was robbed at gunpoint just steps from my apartment. White House reporter Iris Tao at the White House in Washington on March 26, […]

Initial Claims Unexpectedly Jump As Continuing Claims Surge To Four-Year Highs On Deep Tri-State Misery One week after initial claims printed at the same level (224k) where they were at in Nov 2021 (with non-seasonally adjusted claims hovering near record lows), moments ago the BLS reported that claims jumped in the last week, rising by 11k to 235K, the highest since June 20. Curiously the jump in seasonally adjusted claims took […]

“Too Expensive And Risky”: Bed Bath & Beyond Explains Why It Won’t Operate Stores In “Overregulated” California Authored by Jill McLaughlin via The Epoch Times, The chairman of the resurrected home goods chain Bed Bath & Beyond announced on Aug. 20 that the company would not open or operate retail stores in California, calling it overregulated, expensive, and risky. “This decision isn’t about politics—it’s […]

Futures Slide For Fifth Day As Jackson Hole Jitters Rise US equity futures dropped, extending the recent selloff into its fifth day, as traders stayed guarded ahead of the Federal Reserve’s gathering at Jackson Hole. As of 8:00am, S&P 500 futures fell 0.2%, while Nasdaq 100 futures were flat after a two-day selloff that erased 2% off the index. In premarket trading, Nvidia rose 0.8% while most Magnificent Seven peers posted […]

Walmart Lifts Outlook, But Profit Miss Drags Shares Lower Ahead of the Jackson Hole central bank summit in Wyoming, beginning later today through Saturday, investors are parsing Walmart’s earnings.  The world’s largest retailer delivered stronger-than-expected revenue last quarter and raised its full-year outlook. This is a reassuring sign that consumers remain resilient despite inflation, tariffs, and elevated interest rates. […]

Coty Tanks As Fragile Turnaround Delayed On Perfume Sales Slump  Coty shares crashed in premarket trading after the beauty giant warned of a deeper sales slump this quarter and posted a steeper-than-expected loss for the fourth quarter. The beauty company, which develops, manufactures, markets, and distributes cosmetics, fragrances, and skincare products, warned that like-for-like sales, which measure revenue from existing […]

Amid Mortgage Fraud Allegations, Fed Governor Cook Says Won’t Be “Bullied” To Step Down Update (1730ET): It took all day but Fed Governor Lisa Cook finally offered a response to allegations that she committed mortgage fraud (in order to get better rates, ironically!). Of course, she played the victim card immediately and offered up future ‘facts’… “I have no intention of being bullied to step down from my position because of […]

Interviews To Replace Fed Chair To Start After Labor Day, Bessent Says Authored by Naveen Athrappully via The Epoch Times, Potential candidate interviews for the post of the new Federal Reserve chairman will be happening soon, Treasury Secretary Scott Bessent said in an Aug. 19 interview with CNBC. “In terms of the interview process, we’ve announced 11 very strong candidates,“ Bessent said, without providing any more […]

Visualizing Federal Layoffs Under Trump Does cutting government headcount make it work more effectively? From firing inspectors-general, to mass layoffs in the Department of Education, the federal workforce is being scaled back. So far, the Supreme Court has ruled in favor of 12 of these terminations, while scores of workers are leaving voluntarily. This graphic, via Visual Capitalist’s Dorothy Neufeld, shows Trump’s federal […]

Alcohol Consumption In The U.S. Falls To Record Low A new Gallup poll shows only 54 percent of U.S. adults now drink alcohol — the lowest level in the survey’s 90-year history. Those who do drink also report consuming less, according to the NY Times. Drinking had remained at or above 60 percent for decades but dropped to 58 percent in 2024 before hitting this year’s record low. Gallup also found, for the first time, that most […]

The Germans Are Invading Poland (This Time With Real Estate Investment Capital) Via Remix News, Polish media outlets and some citizens are lamenting German real estate investors who are swooping into the Polish city of Wrocław and buying up 1,486 apartments, after an agreement was signed on Aug. 16 of this year. However, Wrocław is only one city, and across the country, these same German investors are buying up 5,300 parents in […]

Switzerland Says It Won’t Arrest Putin If He Enters For Peace Summit Switzerland would offer diplomatic immunity to Russian President Vladimir Putin if he were to travel there for potential peace negotiations with Ukraine, Swiss Foreign Minister Ignazio Cassis announced Tuesday. “We have always expressed our willingness, but of course it depends on the major powers’ willingness to engage,” Cassis stated, after Monday’s White House […]

Watch: Man Arrested In UK For Saying “We Love Bacon” Authored by Steve Watson via Modernity.news, A British man has been arrested for saying “we love bacon” while protesting the building of a proposed giant mosque. The Telegraph reports that the protest occurred at the site of planned super mosque in the Lake District, which is populated by an almost 100% white population. The report further notes that the 23-year-old man, […]

While MSM Screamed “Climate Crisis”, Arctic Ice Loss Actually Slowed  What the globalist corporate media once smeared as “conspiracy theory” and branded “misinformation” has turned out to be true: the climate crisis was merely an imaginary problem and an informational war on the minds of the taxpayer. Why all the propaganda? Give Democrats cover for a massive heist of the U.S. Treasury, laundering taxpayer dollars through […]

Tusk Ridiculously Blamed Putin For A Bandera Flag Scandal In Poland’s Largest Stadium Authored by Andrew Korybko via Substack, Many military-aged Ukrainian men in Poland are anti-Polish extremists who pose a latent security threat… Poles were furious after the flag of Stepan Bandera’s “Ukrainian Insurgent Army” was recently flown in a Warsaw stadium, the country’s largest, during a Belarusian rapper’s concert. After […]

Sen. Klobuchar Denies Saying Sydney Sweeney Has ‘Perfect Titties’ Senator Amy Klobuchar (D-MN) has taken to the NY Times to slam “deepfakes” – after a video emerged in which she appears to declare that Sydney Sweeney has ‘perfect titties.’ (also, definitely don’t go on X and search for “perfect titties”)…  “The A.I. deepfake featured me using the phrase ‘perfect t-tties’ and lamenting that Democrats were “too fat to […]

We Need To Rethink AI Before It Destroys What It Means To Be Human Authored by Jeff Dornik via American Greatness, America was built on the foundational belief that every man is created in the image of God with purpose, responsibility, and the liberty to chart his own course. We were not made to be managed. We were not made to be obsolete. But that is exactly the future Big Tech is building under the banner of Artificial […]

From Fiat Everything To Real Everything Authored by Josh Stylman via Substack, Why Old-World Values Are the Ultimate Modern Rebellion The infrastructure is now visible to those willing to see it. The systematic replacement of natural systems with artificial ones has reached into every domain—money, food, health, education, information. What began as isolated changes has revealed itself as a coordinated operation: the complete […]