We Can't Afford $5,000 "Dividend" Checks

What's Behind The Plunging Won And Sudden Liquidity Collapse In Korean Markets South Korea’s won weakened for a fourth day as overseas investors accelerated their relentless sales of local stocks. In response, USD/KRW rose 0.1% to 1,552.60, extending its four-day gain to 1.2% (i.e. KRW drop). According to Barclays, pressure from both resident outflows and more recently in the case of Korea, heavy foreign outflows, could pose further headwinds even as exports performance remains robust and domestic equities extend their bubble.  Let's take a closer look at what's driving the key moves in...

Goldman Flags Troubling Mortgage Delinquency Rise Across This U.S. Region Mortgage delinquencies fell slightly in March, with the first-lien delinquency rate declining to 3.35%, down 37 basis points from February, as seasonal factors and tax refunds supported borrowers. The real estate and mortgage industry outlet HousingWire cited Intercontinental Exchange’s May 2026 Mortgage Monitor report, which showed that while the overall mortgage delinquency rate fell in March, there was still concern over serious delinquencies and foreclosures, which are up by 154,000 borrowers from one year ago. The increase was driven mostly by FHA...

Pakistani Warplanes Land In Saudi Arabia For Start Of Mutual Defense Pact Via The Cradle A Pakistani military force arrived at Saudi Arabia's King Abdulaziz Air Base on Saturday, as part of a strategic defense pact between the two countries, the kingdom's defense ministry has announced. The Pakistani force includes air force fighter jets and support aircraft. It was sent to Saudi Arabia to "enhance joint military cooperation, raise operational readiness, and support security and stability in the region," the ministry's statement said. Pakistan Air Force image The military deployment arrived following five weeks of...