The median household income necessary to purchase the median priced home for sale in the US ($124k) is now 57% higher than the current median household income ($79k).
This is the most unaffordable housing market in history. Source: Charlie Bilello @charliebilello
‼️Gold shipments to the US are SKYROCKETING:
Swiss gold exports to the US hit a record 404 metric tons over the last 3 months. Gold stockpiles on the Comex hit a record 42.6 million ounces on Tuesday, almost DOUBLE the inventory at the end of 2024. Rush for gold is real. Source: Global Markets Investor
This is a very important chart.
Leveraged loans have already broken down. Will junk bonds start to roll over as well? Source: Bloomberg, Crescat Capital
Japan | Tokyo inflation exceeds forecasts, keeping BOJ on rate hike path
- Bloomberg
🔴 EU TO TRUMP: TWO CAN PLAY THE TARIFF GAME — BIG TECH MAY GET BURNED
👉 With Trump slapping 25% tariffs on EU cars and threatening more, Brussels is plotting a counter strike — and this time, it’s not just bourbon and blue jeans on the line. 👉 EU officials are eyeing U.S. services exports, including Big Tech and intellectual property, as leverage — think blocked patents, frozen software updates, and Starlink losing out on juicy contracts. 👉EU diplomat: “The Americans think that they are the ones with escalation dominance, but we also have the ability to do that,” Source: FT thru Mario Nawfal on X
🔴 ROBINHOOD INTRODUCES “ROBINHOOD CORTEX”, OFFICIALLY BRINGING AI TO THEIR PLATFORM. THIS IS ABSOLUTELY WILD ‼️
Together with Cortex, Robinhood announced Robinhood Strategies and Robinhood Banking to give their customers access to privatewealth management and banking services historically reserved for the ultra-wealthy. They are also giving a first look at the next big thing from Robinhood: "Robinhood Cortex", an AI investment tool launching later this year that is designed to provide real-time analysis and insights that help customers better navigate the markets, identify opportunities, and stay up to date on the latest market moving news.
THE WHITE HOUSE GOT ITS FIRST COMPUTER IN 1978, YOUR IPHONE IS 50,000X STRONGER
In 1978, the White House installed its first-ever computer. Fast forward to today, and the phone in your pocket blows it out of the water—with 50,000 times more storage than that early machine. The original system was likely used for basic data entry and scheduling. Now, smartphones can run real-time simulations, stream HD video, and even handle AI processing—all from your hand. Source: @JonErlichman thru Mario Nawfal on X
President Trump Unleashes 25% Tariffs On Foreign-Made Auto Imports
"...we are going to charge countries for doing business in our country..." President Trump has announced a 25% tariff on all cars not made in the US. “This will continue to spur growth,” Trump told reporters. Trump confirmed that these new tariffs are in addition to existing tariffs and are expected to result in $100 billion in revenues. To underscore his seriousness, Trump said, “This is permanent.” In addition to the tariffs, Trump discussed his plan to allow Americans to deduct interest payments on cars that are made in America. source : zerohedge
