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AirBnBust: New York “Effectively Bans” Short-Term Rentals | ZeroHedge

Last week, we wrote that the bursting of the AirBnB bubble will also pop the broader housing bubble, which has shown remarkable resilience in the face of the highest interest rates since Volcker (although today's ominous tumble in homebuilder stocks is certainly a concern), largely the result of a staggering divergence between effective mortgage rates (since almost everyone refinanced into a 30Y mortgage when rates were at record lows a few years back and is locked into a nice, low rate (more…)

Continue ReadingAirBnBust: New York “Effectively Bans” Short-Term Rentals | ZeroHedge

Six Red Flags Pointing To China’s Economic Slowdown | ZeroHedge

The People’s Republic of China is the world’s second-largest economy, responsible for one quarter of global GDP growth this millennium – so when the country catches a cold, the world notices.

The past several months have seen an avalanche of bad economic news for China, putting the country’s post-pandemic recovery, and global economic growth, in jeopardy.

In this visualization, Visual Capitalist's Chris Deckert looks at six important indicators that point to China’s (more…)

Continue ReadingSix Red Flags Pointing To China’s Economic Slowdown | ZeroHedge

Triggered: Woke Alabama School Suspends 6-Year-Old Over ‘Finger Guns’ During Cops And Robbers Game | ZeroHedge

A six-year-old Alabama boy was suspended from school and had his "permanent record" threatened for making 'finger guns' during a game of cops and robbers.

"They labeled my six-year-old as a potentially violent and dangerous student because he was being a little boy and playing cops and robbers with another student (who was also suspended) and using his fingers like a gun," said the boy's father, Jarrod Belcher, in a statement released on (more…)

Continue ReadingTriggered: Woke Alabama School Suspends 6-Year-Old Over ‘Finger Guns’ During Cops And Robbers Game | ZeroHedge