The Great Migration: What The Dow-To-Gold Ratio Is Telling Us

The Most Splendid Housing Bubbles In America Authored by Wolf Richter via Wolf Street, In 27 of the 33 big and expensive cities we track here, mid-tier home prices in March were down from their respective peaks in prior years, led by Austin (-26%), Oakland (-25%), and New Orleans (-19%). Now also filtering into these mid-tier home prices is the “mansion shortage” in San Francisco, the epicenter of the AI investment bubble. Total employment in the city dropped and the unemployment rate ticked up. But a relatively small number of super-highly paid...

North Korea Achieves Its First AI-Guided Missiles In Test Overseen By Kim In a development that South Korea, Japan and the United States are likely to find deeply alarming, North Korea launched AI-guided cruise missiles in a test that analysts have described as the first of its kind for the sanctioned country. The launch and test was overseen by Kim Jong-un early this week, and it was presented as part of his new military modernization and preparedness initiative which has been greatly hyped by Pyongyang over the last several years. KCNA/EPA/Shutterstock North Korea's goal...

Trump Losing Patience, In 'Revenge Mode' After 13th Consecutive Night Of US Strikes On Iran The latest little peace overture by Washington widely reported Thursday night was apparently a big nothingburger, as on Friday the Iraqi prime minister’s office has denied a New York Times report claiming that Iran rejected a US ceasefire proposal delivered to Tehran by Iraqi Prime Minister Ali al-Zaidi. The fresh statement from the prime minister's office said what was published in the Times was "entirely unfounded" and had "no relation to reality." The statement underscored the temporary nature...