Thins

May’s Census data showed a 41.6 percent single-month collapse in multifamily starts, while single-family starts held relatively flat. Apartment construction just fell off a cliff. May’s New Residential Construction data…

Bitcoin’s inability to reclaim $90,000 is looking less like a debate about narratives and more like a test of market plumbing. For the better part of 2025, the surface story…

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