Irving

[Grant Cardone @GrantCardone]

We are entering the biggest real estate correction since 2008 and it will significantly bigger impacting multi family (apartments). All of this is driven by higher rates.

This correction will not include single family homes as half of all mortgages are fixed rates below 4%, so sellers may have desire to sell but no urgency to sell. On the other end large multi family institutions, developers and REITs who have debt maturing, or may be reaching the end of their fund life will be greatly affected.

If you ever dreamed of becoming a real estate investor now is the time to pay attention as this window will open and close very quickly.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US and China have reached a trade deal to lower tariffs on $30 billion worth of "non-sensitive goods" after President Trump and President Xi met this week.

This deal will likely lower prices on a variety of consumer goods, including small appliances, toys, holiday decorations, and kids' car seats.

In return, China will cut tariffs on agricultural goods and seafood, wood products, cosmetics, and medical devices.

China has also agreed to import 10 million metric tons of US coal in 2027 and 2028.

Rare earths are still being discussed, the White House said.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The average sales price for a new single-family home fell -$47,700 MoM in August, or -9.1%, to $478,700, the largest monthly drop on record.

This is the lowest level since August 2024 and the 2nd-lowest level since September 2021.

The decline was driven by a shift toward lower-priced homes, as builders cut prices and offered incentives to clear inventory.

This comes as sales of homes under $300,000 rose to 22% of total sales last month from 19%, while sales of homes priced at $1 million+ fell to 4% from 6%.

As a result, total new home sales jumped +6.4% MoM, to 684,000, their highest since December 2025.

Meanwhile, median sales price fell -$24,200 YoY, or -5.8%, to $393,700, the 2nd-lowest reading since July 2021.

US home prices are falling to keep sales alive.

[The Kobeissi Letter @KobeissiLetter]

The US Dollar has lost -23% of its purchasing power since 2020.

In other words, if your assets are up +30% since 2020, you have effectively just broken even in real terms.

Inflation has now been above the Fed's 2% target for 60-straight months, and the bond market knows this.

Own assets or be left behind.

[The Kobeissi Letter @KobeissiLetter]

We are officially witnessing the biggest wave of infrastructure investment in modern US history.

Total investment in data centers and AI infrastructure is projected to average 3.63% of US GDP per year from 2025 to 2032, the highest proportion among major infrastructure buildouts since the 1800s.

The previous largest investment, railroad infrastructure, represented 2.24% of GDP per year in 1870-1890.

This was followed by highway investment that averaged 1.13% of GDP in 1956-1973, while telecommunications and fiber infrastructure averaged 1.10% in 1996-2003.

By comparison, electrification stood at just 0.50% of GDP in 1905-1925, while canal investment accounted for 0.66% in 1836-1841.

This comes as AI and data-center infrastructure investment is projected to total ~$10.3 trillion between 2025 and 2032.

The AI buildout is the largest infrastructure investment in modern US history.

[The Kobeissi Letter @KobeissiLetter]

Unbelievable.

3 hours later and the 10Y Note Yield is now above 5.20% for the first time in 19 years.

The 10Y Note Yield is now up +50 basis points in 30 days and +30 basis points in 2 days.

Even more remarkable is that the average American has no idea this is happening. Yet.

The bond market is imploding in front of our eyes.

[unusual_whales @unusual_whales]

Starbucks plans to close hundreds of cafés across North America this week, per WSJ

[unusual_whales @unusual_whales]

BREAKING: More than 167,000 pounds of beef, pork and goat meat are being recalled nationwide after being produced without required federal inspection, per the US Department of Agriculture's Food Safety and Inspection Service.

[Brennan Schlagbaum, CPA @Budgetdog_]

We live in a world where people try to flex by sounding smart.

Usually, it’s one of two things:

They’re insecure and want you to think they’re smart.

Or they don’t understand the subject well enough to make it simple, so they hide behind complexity.

Real intelligence simplifies.

Especially with personal finance.

If someone needs to make personal finance sound incredibly complicated to prove their expertise, there’s a good chance they don’t understand it nearly as well as they want you to believe.

The smartest person in the room can usually make the complicated feel simple.

Simple scales, fancy fails.

[unusual_whales @unusual_whales]

BREAKING: 30 year average mortgage rates have hit 7.25%, per MortgageNewsDaily.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 US considers plan to promote dollar-backed crypto stablecoins worldwide.

[The Kobeissi Letter @KobeissiLetter]

The US 10Y Note Yield is now moving in a literal straight-line higher, up to 5.13%.

This is no longer an issue that we have months or years to address.

This is unsustainable.

[The Kobeissi Letter @KobeissiLetter]

After a brief intermission, back to the regularly scheduled programming.

The 10Y Note Yield is back to its highest levels since 2023 and the 30Y Note Yield is up to 5.35%, matching 2007 levels.

Despite numerous intervention attempts by the US Treasury, nothing is working.

It is becoming increasingly clear that the only way to drive yields lower over the short-run would be an end to the Iran War and the ongoing global energy crisis.

However, over the long-run, this is a structural problem, with deficit spending and years of compounding inflation at its core.

The reality is that the era of ultra-low rates that Americans and the world became used to will not return anytime soon.

"Higher for longer" is the new normal.

[Evan @StockMKTNewz]

SoFi Technologies $SOFI and Mastercard $MA just announced

"that stablecoin settlement is now live across SoFi Bank’s debit and credit card program, bringing stablecoin settlement through SoFiUSD, issued by a federally regulated bank, to Mastercard’s global payments network"

[Clash Report @clashreport]

French President Macron on AI:

I don't want anyone to become the vassal of one of the great powers.

Rather, we must come together to build an open-source frontier cutting-edge AI model.

[Evan @StockMKTNewz]

The US Government bought 433.3 million shares of Intel stock at $20.47 on August 22nd, 2025 spending ~$8.9B

Intel $INTC is currently trading at $120.47 per share making the shares worth $52.2B

That means the 🇺🇸 is up $43.3 Billion on Intel

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 $SOFI Bank and Mastercard launch crypto stablecoin settlement payment network.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇪🇺 European Central Bank officially launches digital euro payments for tokenized transactions between banks.

[Crypto Briefing @Crypto_Briefing]

🇷🇺 NEW: Moscow Exchange launches perpetual futures tied to Bitcoin, Ether, Solana, XRP and Tron for qualified investors in Russia.

The contracts are quoted in US dollars, settled in rubles and automatically roll each day.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇷🇺 Russia's Moscow Exchange launches perpetual futures for 5 major cryptocurrencies.

• Bitcoin
• Ethereum
• Solana
• XRP
• Tron