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Hegseth : FAFO / India +XAG / US corp defaults ⏫ / Why 'First Brand Group' bankruptcy matters / U.S shutdown on

  • Writer: Stéphan
    Stéphan
  • Oct 1
  • 3 min read
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  • Did Trump's tariffs bring down First Brand Group...? quite likely.. ''Supply change finances''....and how quickly it unfolded...You wonder why gold and silver rallied non stop, defaults are spreading : 117 large corporate bankruptcies in last 12 months 44% above 20-year average; 32 mega bankruptcies vs. 23 average Market narrative remains like.. “Corporate resilience!” ...if it wasn't for AI...

  • Markets : U.S Govt officially shuts down (not necessarily bearish for equity, BUT what matters is the 2nd order, what happens in 1w, 2weeks..), Corp share buyback blackout of 90%+ until 24th October, remember CTA's will wait to see selling, before they sell, been a huge quarter-end demand in precious metals and GDX etc, now OPEX and a load of dealer gamma expiring so DO watchout going into October (so watch out if vols are 'obnormally' soft..ie could bounce pretty easily from here), US Equity raising TOPS $255 Billion after standout Quarter, US bonds bid on shutdown, NVDA $4.5trn market cap, Pfizer agrees (forced) to lower U.S drug prices (exemt of tariffs),

  • Trade : China has not bought a single soybean from the U.S. in over 3 months, thanks to Trump's disastrous tariffs, Trump-"Will go after cartels in Venezuela by land.",

  • Geopolitics : Venezuelan opposition leaders are in talks with the Trump Administration discussing the possible overthrow of Maduro - New York Times, Maduro expands his powers, Ukraine-Russia latest: Putin realises he can’t win war against Ukraine, Trump’s envoy says, Hamas set to respond to peace plan after Trump threatens ‘very sad end’

  • Trump: “My plan calls for the creation of a new international oversight body, the Board of Peace…It will be headed by a gentleman known as President Donald J. Trump.”, after y'day 'army' chat, seems quite clear they really going for it, authoritarian approach pretty clear, even weaponizing the military and send them in various U.S places

  • India's September gold, silver imports nearly double despite record prices >>> in the late 1998 South East Asia currency crisis, the likes of Indonasia, Korea, Russia, India even had to pledge gold for USD funding back then, now they buying.. & others sold some of their Gold reserves to raise USDs (and of course BoE and other european CB's..)....this is/has been a 180c opposite flow and a huge signal (Miran's plan.. debasement currencies, MMT etc..which has been clear for one year now..)

  • Boston Fed President Collins sees caution on future interest rate cuts, Fed's Jefferson: Impact of administration policy is still evolving


How First Brands Group collapsed  Trump seems to have blown them up with his tariffs - 3minutes video, well worth listening too






















 
 
 

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