$1000 to 2k tariff dividend incoming in US / Debasement trade full on / Drone mayhem in EU / NO NFP today

Stéphan
Oct 3
2 min read

Russia’s drone mothership causing mayhem around Europe
Markets : Weekend votes ‘unlikely,’ Thune says, meaning shutdown could push into next week, Bessent says to "expect news" on tariff bailout for farmers on Tuesday (Washington is quietly socializing the losses created by its own trade policy, once you start, it never ends..), US hiring plans sink to lowest since 2009 in Sep, Trump considering $2,000 tariff ‘dividend’ for Americans, markets like shutdowns! rate cuts coming, low bond vols, and even $2000 check in the post soon, the 'debasement trade' full on, gold, btc, silver, equity, hard assets (big picture, still new FED chair to come, YCC by treasury etc ), while 'private markets' struggle (KKR, Apollo, Ares etc), US technology stocks now account for a record 56% of total US stock market cap. At the same time, defensive stocks make up just 16%, AN ALL-TIME LOW, This has NEVER happened, US got offers to buy eq in Oz critical minerals companies !
UBS Group AG, Funds under UBS Group AG face more than half a billion dollars of exposure to bankrupt auto-parts supplier First Brands Group through various investment strategies. UBS Hedge Fund Solutions is the largest unsecured creditor with a $233.7 million claim, while O'Connor has a similar claim for $116.1 million
Germany: In the first quarter of this year alone, we had over 530 drone overflights attributed to russia over German critical infrastructure. Power plants, hospitals, military facilities. And it's being kept quiet so as not to alarm the population - WELT
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