Oil, Housing & Stablecoins

The escalation of war in the Middle East has caused oil prices to spike and thrown prior oil price forecasts out the window. Jackie takes a look at the dynamics affecting oil pricing in light of the recent hostilities. … Also: Rising housing market inventories have been doing a number on homebuilders’ financial results, as Lennar’s Q2 earnings shortfall attests. But better revenues and earnings are expected next year, and the beaten down stocks look poised soon to recover. … And: Is stablecoin the currency of the future? Both US lawmakers and major US banks are preparing for its widespread adoption.