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...pending home sales increased 6.3% in September from a year earlier on an unadjusted basis, the biggest gain since August 2015.

For the 17th month in a row - the longest streak since 2008 - US home price growth (in 20 major cities) has been unable to re-accelerate.

The mall has only been open for about 24 hours and has already managed to piss off a handful of commuters...

..."more consumers than usual" are now defaulting within the first few months of borrowing.

The opening comes after nearly two decades of planning, setbacks and skepticism. Still, the mall is slated to crush nearby retail competition...
 

"...this generation, the 13th since the American Revolution, is doing worse than the generation that came before..."

The "alternative asset" market seems to still be in a boom, judging by the bid for one rare bottle of Scotch whisky. 

The US ranks right in the middle of the pack, with a C+ rating...

In this disintegrative phase, people are increasingly indignant if their magical-thinking "solution" is challenged...

Much of what we truly value is at risk...

Bezos wealth is below that of Bill Gates for the first time since Oct 2017...

"...many of them stand to inherit even more wealth from their baby boomer parents, who are considered the wealthiest generation in history."

"...some of the smaller malls that are just surviving, with American Dream opening, they may have more struggles ahead of them."

"Don’t worry. We’ll make the numbers work..."

It has been eight years since Kyle Bass first suggested the 'nickel trade' and the idea may be about to become profitable once again...

Gulfstream's new G700 is set to debut in 2022 and will be capable of flying 7,500 nautical miles and cruising at just under the speed of sound.

WeWork is planning to cut as many as 4,000 jobs as part of an aggressive turnaround plan put in place by Japan’s SoftBank after it took control of the co-working business this week...

The truth is that most American families are deeply struggling, but you hardly ever hear this from the mainstream media...

...if the marginal mortgage applicant is this sensitive to rates - near record lows - then what happens if we see an upturn in growth (which is apparently priced into homebuilder stocks) and rates really rise?

High property tax bills suppress Illinois housing demand, slowing average growth in home values when compared to the rest of the nation...