• Pat Flood (@rebarcock) passed away 9/21/25. Pat played a huge role in encouraging the devolopmemt of this site and donated the very first dollar to get it started. Check the thread at the top of the board for the obituary and please feel free to pay your respects there. I am going to get all the content from that thread over to his family so they can see how many people really cared for Pat outside of what they ever knew. Pat loved to tell stories and always wanted everyone else to tell stories. I think a great way we can honor Pat is to tell a story in his thread (also pinned at the top of the board).

Master Thread Dance Your Cares Away/Fraggle/Law Abiding Citizens

Master Threads
Yep. Watched a guy who studies cartels say that "all the people bitching about Venezuela not producing any fentanyl so they aren't traficking it" crowd needs to realize they only make about 8% of the cocaine they traffic. Venezuela is just a pass through for drugs and humans... but it's all state sanctioned.
@MortgageHorn can you confirm or deny?

TIA
 

The Kobeissi Letter
@KobeissiLetter
US housing market activity may be resurging:

Pending-home sales jumped +3.3% MoM in November, well above expectations of +0.9% increase.

This marks the 4th-consecutive monthly gain, matching the longest streak seen during the 2020 pandemic.

Contract signings improved across every US region last month to their highest levels of 2025.

The West posted the largest increase, followed by the South, the nation’s largest home-selling region.

As a result, the Pending Home Sales Index is up to 79.2 points, the highest since February 2023.

Homebuyer activity is regaining traction.
 

Global capital is betting on America, and the numbers are impossible to ignore.

Foreign private investors are buying U.S. assets at a ~$1.65T annual pace, up nearly 40% from last year.

Equity inflows are surging, Treasuries are in demand, and corporate bonds are seeing strong overseas buying.

This is strong, confidence-driven allocation by sophisticated investors looking 12–24 months ahead.

When stocks, Treasuries and corporate bonds all see heavy inflows together, the data quietly signals:

• U.S. growth looks resilient (no recession on the horizon)
• American institutions remain solid
• Global alternatives don’t measure up

A rare combination that points to a strong setup for the U.S. economy.
 
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