text: CHINA REACHING SUPERCOMPUTING PARITY WITH THE U.S.: China’s Zuchongzhi 2 quantum processors have reportedly completed a complex task one million times faster than Google’s Sycamore processor’s record in 2019. The new processor was developed by researchers at the Chinese Academy of Sciences Center Excellence in Quantum Information and Quantum Physics. Researchers, firms, and agencies in China are reported to hold more patents in quantum tech than the U.S.; however, U.S. companies are reported to hold more patents in the field of quantum computing. Chinese firms have long been suspected to rapidly making advancements due to stolen U.S. research. The U.S. Commerce Department has blacklisted seven supercomputing entities for their association with the People’s Liberation Army. Additionally, notable reports involve Chinese warehousing of U.S. encrypted data to be decrypted later when quantum computers are capable – D.F.ECONOMICRECESSION RISK FIRMS UP: Chief Economist for Goldman Sachs, Jan Hatzius, said over the weekend that there is now a 35% chance of recession in the U.S. over the next two years. Hatzius says that the increased wage growth being caused by the void between workers and jobs typically only decreases during a period of economic contraction. (AC: Goldman analysts also mentioned that since the late 1980s, the lag between a yield curve inversion and recession was 20 months. From the inversion in March of this year, Goldman should expect a recession by November of 2023. – T.W.)HOMES OVERVALUED: Fitch Ratings, an American financial market credit rating agency, says that 73% of the country’s homes are overvalued. The number of homes that are at least overvalued by 10% is up to 46% today compared to just 4% pre-pandemic. According to the report, Idaho and Florida are the most overvalued states. “[W]ith the dual pressures of rising home prices and mortgage rates,” Fitch analysts are “concerned about a housing affordability issue” that leads to decreased demand. (AC: This follows numerous indicators that show home prices nationally are elevated, and likely in a bubble in some markets. As more analysts begin to look at the possibility of home prices falling this year, growing states such as Idaho, Texas, and Florida, where homes are in greater demand, are less likely to be affected than shrinking states like California. – M.S.)LOW INTENSITY CONFLICT INTSUMFar Left Activity Rollup & OutlookCENTRALFUTUREChicago, IllinoisSize: TBDActivity: Chicago Coalition for Justice in Palestine will rally against the recent escalation of attacks in Palestine by the Israeli Occupation Forces. Location: Michigan Avenue and Ida B Wells Drive Chicago, IL 60605Time: 1600 CST; Monday, 18 APREASTFUTURENew York, New YorkSize: TBDActivity: Extinction Rebellion will rally outside of the IRS Office in New York City to protest wars and global warming. Extinction Rebellion holds the U.S. responsible for a large share of all the wars and global warming in the world. Location: 26 Federal Plaza New York, NY 10278Time: 1200 EST; Monday, 18 APRTallahassee, FloridaSize: TBDActivity: Florida Youth Liberation Front (FLAYLF) plans a rally and march against the Parental Rights in Education Bill. The rally is planned to begin at the Legacy Fountain in Tallahassee, Florida. Location: Florida State University Tallahassee, FL 32304Time: 1700 EST; Monday, 18 APR— END REPORT