Housing Market's Crucial "Spring Selling Season" Is In Tatters

This week, Bob walks through Javier Milei’s 2026 address to the World Economic Forum, explaining the Austrian and neoclassical ideas behind Milei’s defense of capitalism—from Rothbard and Kirzner to Pareto efficiency and the welfare theorems.

Japan Intervened In FX Market To Buy Yen With Brent surging to a new post war high overnight, rising as high as $125 on fear of an imminent resumption of hostilities in Iran, which dragged yields higher, and also pushed the USDJPY above 160 for the first time since late March, overnight Japan made clear - again - it wouldn't take it any more, with the usual round of jawboning. *KATAYAMA: WE ARE MONITORING FX MARKET WHILE YOU ARE ON HOLIDAY *KATAYAMA: WE ARE NEARING TIMING TO TAKE BOLD ACTION ON FX Then *MIMURA:...

Putin Winning, Ukraine's Position Weakened, From Prolonged Iran War: Zelensky Ukrainian President Volodymyr Zelensky has warned that a prolonged Iran war will be a net win for Moscow - and a significant setback for Kyiv. Speaking to Axios, he said bluntly: "I am sure Russia wants long war. They have benefits: The US is focusing on the Middle East and may decrease military help to Ukraine. Further he highlighted that "Sanctions are partially lifted" on Russian energy and so "I see only benefits for Russia from the war with Iran continuing." Ukrainian...