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census bureau is almost caught up on new home sales and housing starts. the key story for existing homes is that months-of-inventory is above pre-pandemic levels. a year off, like a gap year, is a seven-year program.the three elements of change in the civilization that are increasing risk today are: we certainly have a change in monetary world order. you and I had spent our entire careers in a world of falling interest rates approaching zero, falling inflation, all of the things that fed into that — low wage pressure, de-unionization, globalization.the second category is okay, who are the enablers of this technology? they are the ones that are gonna benefit fromrumors spill out that Meta is planning to sell $20 billion in shares. but other companies are likely to pile in, because this is one of the best times in history. not selling shares at these prices would be a dereliction of their duties to shareholders.the Nasdaq Composite dropped by 4.2% today, but is down by only 5.4% from its all-time high three days ago.the so-called prime rate hasnt had any relevance for many decades. a u.s. corporate transparency act requires certain private businesses to report their Beneficial Ownership Information to the Financial Crimes Enforcement Network (FinCEN) to combat money laundering and tax fraud.the move could potentially open €5tn worth of Chinese domestic government bonds to be used as collateral in the settlement of transactions managed by Euroclear.reply electroneuter says the velocity of bringing house to the market has improved over the past 20 years. the velocity on its own cannot have lasting effect on how many months of inventory is a lot and how many is little. but the one-time pull forward of the real estate on offer has already settled years ago.ten year high in supply should likely mean a ten (or more) year LOW in prices, but no – we live in Bithe annual rate of M1 growth today is 5.4%. place your wagers for the future accordingly. the numbers are about the same either way.the Producer Price Index final demand spiked by 1.06% in May from April.technical storage or access is strictly necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. statistics statistics The technical storage and access that is used exclusively for anonymous statistical purposes. without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually identify you.long-term yields fell sharply in the secondary market, but bounced back. the yield was 52 basis points above the EFFR, and so the “real” yield of these 3-year notes is now negative, and sold at a discounted price of $98.70 for each $100 of securities.the disagreement is empirical, not conceptual. if AI makes innovation easier, it could permanently increase the rate at which new ideas are generated. the reason it matters is that these effects could be permanent.china is not sure it can create enough good jobs to keep people happy and sustain economic growth.the threat is subtle. the u.s. has enacted laws that give it effective control over data and digital infrastructure, regardless of where they are located.the first step is to map the EUs dependencies.primexbt widens spot market access with 25 new crypto listings. iGaming, blockchain, and web3 users can explore a wider range of spot trading opportunities without relying on third party exchanges.all new assets support deposits from the start, allowing users who already own these coins to start trading immediately.01:00:31 Barry Ritholtz: Come out of the NBA to be a high school coach. he says it would be an extraordinary gift back to the universe. its important to have something to fill your time, starting with the end in mind.the pros pro is a new podcast that has been published.