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“I like the stock” was, famously, the rallying cry. So there is this sense in which reality doesn’t matter. The representation of reality matters. For some of us who’ve read some French theory, this is a very uncomfortable place to be, but it’s where we are.
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The increase in defense spending to 1.9 trillion yuan ($270 billion) comes against the backdrop of a widespread purge of military officials over corruption charges.
The average 30-year fixed mortgage rate is around 5.98% to 5.99% this week, Freddie Mac said Thursday. The percentage is down sharply from 6.8% to 6.9% a year ago and from peaks near 8% in late 2023, per The Wall Street Journal. On a typical loan, that rate drop can cut monthly payments by hundreds of dollars for home buyers.