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‘Buffett Indicator’ for stock valuation passes 200%, beyond level he once said is ‘playing with fire’ Markets : U.S govt shutdown risk as Trump shrugs off impending shutdown as parties deadlock, Fed outlook, FED cut is 90% priced in for Oct and a 70% chance of another in December, though strong jobs data could slow the pace of easing, the AI boom is unsustainable unless tech spending goes ‘parabolic,’ Deutsche Bank warns: ‘This is highly unlikely’, precious metals keep on trucking, XAG, PLAT, PALL and Gold hitting pretty hefty levels (>> Gold is a financial asset, the only financial asset, held by nearly all central banks, with no corresponding liability, makes it the base) , huge momentum last week, Gold was 21% of global assets in 1980, today it is about 5%, Moldova moves closer to Europe >>> Week ahead: Market looking for Goldilocks in the jobs report Geopolitics : President Trump has authorized long-range strikes into Russia, Special Envoy to Ukraine General Keith Kellogg says -- but occasionally Ukraine has not been granted authority by the Pentagon to carry them out/Thread, Trump sends troops to Chicago, drones were spotted in many NATO countries over weekend, seems provocation in full swing China runs massive current account surpluses. It pegs its currency to USD, so it has to buy lots of Dollars to stop its currency from rising. China used to put those Dollars into Treasuries, but that isn't a good idea any more. So China builds huge inventories in basic metals/Thread Fannie Mae on if we want affordable homes again: 1. Prices must crash by -38%, or: 2. Incomes must rise by +60%, or: 3. Mortgage rates must crash by -415 bps For any of these 3 things, something massive would have to happen to the macroeconomy >>> how about building a LOT more of them #XAGUSD you know our long held though on this one, the markets will be allowed to run hot, deficit spending of 100% will be embraced, because the alternative; losing the new Cold War, is an unthinkable outcome. This is why SILVER gets a double boost. It is both a monetary metal, a hedge against the coming currency crisis, and a critical industrial metal, essential for everything from solar panels, data centers, robots, advanced weaponry, and so much more. Silver is the perfect asset for the era we are now entering Moldova’s pro-EU ruling party wins majority in parliamentary elections Week ahead: Market looking for Goldilocks in the jobs report Trump's new tariffs hit furniture, prescription drugs, kitchen cabinets US tariffs force Switzerland to rethink trade ties - SWI swissinfo.ch Ukraine war latest: Russian oil tankers 'launching drones against Europe'; UK should reduce nuclear weapons, Kremlin says | World News | Sky News Trump promises ‘something special’ in Gaza ahead of Netanyahu meeting | The Independent Robin Brooks on X: "China runs massive current account surpluses. It pegs its currency to USD, so it has to buy lots of Dollars to stop its currency from rising. China used to put those Dollars into Treasuries, but that isn't a good idea any more. So China builds huge inventories in basic metals... https://t.co/GzxcepaloT " / X The AI boom is unsustainable unless tech spending goes ‘parabolic,’ Deutsche Bank warns: ‘This is highly unlikely’ David Einhorn Sounds Warning on the AI Spending Splurge Famous HF manager David Einhorn : The AI boom that everyone’s chasing today could become the biggest capital-destruction event since the dot-com bust After Weeks of Threats, Trump Sends Federalized Troops To Downtown Chicago GOLD '' If there’s a bubble in gold, it isn’t on display here." Ronnie Stoeferle on X: "Excellent work by @Callum_Thomas: "For example, when compared to all other ETFs, gold ETF “implied allocations“ have only just made new multi-year highs… but remain well below long-term average (and previous highs). If there’s a bubble in gold, it isn’t on display here." https://t.co/uiScUAMwXk " / X (1) Jacqui Heinrich on X: "President Trump has authorized long-range strikes into Russia, Special Envoy to Ukraine General Keith Kellogg says -- but occasionally Ukraine has not been granted authority by the Pentagon to carry them out. KELLOGG: "Everybody should follow what the President says. He's the https://t.co/Zx36foTgnP " / X The Kobeissi Letter on X: "Fannie Mae on if we want affordable homes again: 1. Prices must crash by -38%, or: 2. Incomes must rise by +60%, or: 3. Mortgage rates must crash by -415 bps For any of these 3 things, something massive would have to happen to the macroeconomy. How did we end up here? https://t.co/4y6aMi9qlS " / X Switzerland plans extra taxes on electric vehicles - SWI swissinfo.ch A safer route into the cryptocurrency maze – The Armchair Trader

Great line from Michael Cembalest, JPM..... "Other recent AI news: Oracle’s stock jumped by 25% after being promised $60 billion a year from OpenAI, an amount of money OpenAI doesn’t earn yet, to provide cloud computing facilities that Oracle hasn’t built yet, and which will require 4.5 GW of power (the equivalent of 2.25 Hoover Dams or four nuclear plants), as well as increased borrowing by Oracle whose debt to equity ratio is already 500% compared to 50% for Amazon, 30% for Microsoft and even less at Meta and Google." Markets : Trump brings back a long list of tariffs, US M2 money supply surged another +4.8% YoY in August 2025 to a record $22.2 trillion, Trump-"Putin ought to stop.", Bessent was already talking SPX500 back up last night after a 1pct down move.., G7 weighs price floors for rare earths to counter China's dominance Geopolitics : Pentagon chief orders US military officials from around the world to Virginia next week, been a real heavy news in UKR-Russia war this week (like almost never before - nearly 50% of Russia's oil production at a standstill) , running short of fuel in many regions Trade : Trump Takes Aim at Chip Makers With New Plan to Throttle Imports. Administration wants domestic manufacturing to match imports and would impose tariffs on those companies that don’t step up production. (WSJ), Trump suggests farmer bailout coming from tariff money, Trump slaps 25% tariffs on heavy truck imports, starting Oct. 1, U.S. to impose 100% tariff on branded, patented drugs unless firms build plants locally, Trump says Without tech spending, the US would have been close to, or in, a recession earlier this year: DB's Saravelos. "Perhaps Nvidia, which employed only 36,000 people at the last update earlier this year, holds the keys to all global macro in 2026:" DB The BRICS+ doesn’t need to be super successful for the USD price of Gold to go up. It just needs to start using physical Gold as collateral for international trade, and the USD price of physical Gold  will shoot up. As Zoltan Pozar once wrote: “the West keeps the price of commodities low so that it can reap the profits/benefits of world trade via design, marketing and sales of the final products. Ex-colonies are just paid a thin margin for their commodities to keep them just barely alive”. In order for the BRICS+ new system to use Gold/Silver as international trade collateral to work the following need to happen, let prices go higher! / Thread Chicago Fed’s Goolsbee warned against cutting too quickly, while Trump appointee Miran urged sharper cuts; Powell reiterated the need to balance inflation and jobs, Fed's Logan calls for overhaul of central bank rate control toolkit G7 weighs price floors for rare earths to counter China's dominance - The Korea Herald Fed’s Logan calls for shift to TGCR as new interest rate target Scott Bessent tells NYC to ‘drop dead’ while he arranges a $20B swap line for Argentina’s chain-saw-wielding, dog-cloning president Trump suggests farmer bailout coming from tariff money He announced : 100% tariff on pharmaceuticals, 50% tariff on kitchen, 50% tariff on bathroom vanities and associated products 4, 30% tariff on upholstered furniture, 25% tariff on heavy trucks and wants to cut interest rates down to 2% U.S. to impose 100% tariff on branded, patented drugs unless firms build plants locally, Trump says Hegseth orders rare meeting with hundreds of senior military officials Amazon reaches $2.5 billion settlement with FTC over Prime program CoreWeave strikes $6.5 billion deal with OpenAI to power next-gen AI models Intel in talks with Apple as it works on turnaround Oracle, Silver Lake & MGX main investors in TikTok U.S., sources say Trump slaps 25% tariffs on heavy truck imports, starting Oct. 1 NEXTA on X: "Russia has received its final warning European diplomats have privately warned the Kremlin that NATO is prepared to shoot down Russian aircraft that violate the airspace of Alliance countries. This was reported by Bloomberg sources. Diplomats from the UK, France, and Germany https://t.co/dbNmyFthCH " / X NEXTA on X: "Russia threatens NATO with war if Russian planes are shot down "If NATO shoots down a Russian plane, it will mean the beginning of a military conflict. It will be war," said Russia's ambassador to France, Alexey Meshkov, in an interview on RTL radio. How terrifying! I remember https://t.co/PeV18y9SFI " / X Eric Yeung 👍🚀🌕 on X: "#Silver is the fire alarm 🚨. It is in China’s interest to keep the price of #Silver LOW because China is the world’s factory and needs to use a lot of #Silver for manufacturing. But a lot of Global South trading partners of China export #Silver. As Zoltan Pozar once wrote: https://t.co/flNDbm44Pl " / X Microsoft blocks Israel’s use of its technology in mass surveillance of Palestinians | Israel | The Guardian Former French President Sarkozy found guilty of criminal conspiracy in illegal financing case The Kobeissi Letter on X: "BREAKING: US M2 money supply surged another +4.8% YoY in August 2025 to a record $22.2 trillion. This marks the fastest pace since July 2022, in-line with a +4.8% YoY increase in the prior month. US money supply has now grown for 18 consecutive months. Furthermore, https://t.co/4X4vRioEcI " / X

To achieve monetary gains, you are not buying “what is” right now. You are buying what may potentially be in the future Markets : Fed's Daly is for more rate cuts (as exp), BoJ minutes (slightly hawkish), SNB unch as expected (willingness to intervene in FX markets, if necessary), Schumer hopeful Congress can avoid a shutdown but places onus on Republicans and Trump, Nvidia’s investment in OpenAI will be in cash, and most will be used to lease Nvidia chips , Copper up (mine closure-RIKS this particular mine finds it Very hard to reopen any time soon, too expensive!), Foreign investors now have a record allocation to U.S. equities, worth keeping an eye on energy stocks #XLE looks to be breaking up, #PLAT was a screaming buy few months ago... after 50% rally (worth a TP on some, look for levels to rebuy) >>> overall a 'definitive' feel of profit taking in well owned positions, momentum ETF etc, end of quarter profit taking by the looks Geopolitics : Russia hikes VAT to 22% to fund war machine , China is quietly testing the foundations of the global financial order amid Bifurcation of the Global System (Thread), Turkey at the UN: Crimea is not Russia, If the Russians refuse to negotiate in good faith, it will be very bad for their country-JD Vance, Tr ump has made Ukraine such a staple issue of his administration he knows now he has to be seen in some sort of resolution Bessent on Argentina: "The plan is as long as President Milei continues with his strong economic policies to help him, to bridge him to the election, we are not going to let a disequilibrium in the market cause a backup in his substantial economic reforms." HSBC Claims Quantum Computing Bond Trading Breakthrough SNB : Sees global growth subdued due to tariffs and uncertainty, inflation in US seen high but in EU close to target Fed's Mary Daly says more rate cuts are 'likely' necessary Japanese Yen bulls shrug off BoJ's hawkishness amid political risks Schumer hopeful Congress can avoid a shutdown but places onus on Republicans and Trump - POLITICO US says 'all options' on table to help stabilise Argentina's fiscal turmoil - BBC News Why now ? almost like meddling in another countries' politics or fair ? HSBC Claims Quantum Computing Bond Trading Breakthrough Velina Tchakarova on X: "China is quietly testing the foundations of the global financial order amid Bifurcation of the Global System. The People’s Bank of China is now inviting friendly central banks to buy and store gold inside Shanghai rather than in New York, London, or Zurich. At first glance this" / X Freeport-McMoRan Confronts Hard Questions After Fatal Mud Rush In Indonesia Animal Spirits: A Mania is Brewing - A Wealth of Common Sense This has to be a bubble...right? S&P 10,000? Why is gold at ATHs in an AI boom? Why is there $7.7 trillion in money market funds? How the Fed can bring down mortgage rates The two-speed economy & more Nvidia OpenAI investment in cash mostly used to lease Nvidia chips Microsoft adds Anthropic model to Microsoft 365 Copilot Instagram Hits 3 Billion Monthly Users As Mark Zuckerberg Meta’s Most Successful $1 Billion Acquisition - Tech *Walter Bloomberg on X: "NVIDIA’S $100B BET ON OPENAI RAISES BUBBLE FEARS Nvidia will invest up to $100 billion in OpenAI to expand data centers powered by its chips. Analysts warn of circular financing, inflated demand, and bubble-like risks. Bernstein’s Stacy Rasgon called the deal unprecedented in" / X On the other hand : AI 'workslop' is emerging as the latest office headache Is Tether really worth $500 billion? – The Armchair Trader Mortgage demand stalls after mini refinance boom Jürgen Nauditt 🇩🇪🇺🇦 on X: "The disaster came unexpectedly – ​​production of one of russia's symbols, the Lada Aura, was halted. Fewer than 800 vehicles were sold, and in September 2025, it was decided to halt production. Not even advertising from putin helped – he extolled the car's virtues in front of a https://t.co/7A6HIAOJeb " / X Anton Gerashchenko on X: "Several weeks ago, Putin said there would be no increase in taxes in Russia. Today, the Russian government officially announced that the VAT will grow from 20 to 22% in Russia starting on January 1, 2026. This money will go towards war. Each Russian will pay more for any https://t.co/djc5pM0RFA " / X Andy Burnham: Could the ‘King of the North’ return to Westminster and nab the top job? Kitco NEWS on X: "Platinum's BIG Comeback, but is it still a "Screaming Buy"? #gold #news #platinum #kitconews: Saxo Bank's Ole Hansen recalls when platinum was “a screaming buy”, as supply deficits and jewelry demand sparked a 50% rally. With a $2,200 discount to gold,… https://t.co/2rrogenvtV https://t.co/XI9Ske9jK5 " / X China's president Xi Jinping unexpectedly joins the UN climate summit, by video, to offer his nation's 2035 climate pledge Cut GHGs to 7-10% below peak by 2035, "striving to do better" Raise non-fossil share of energy to at least 30% * Boost wind/solar to 3,600GW Experts: What to expect in China's climate pledge for 2035 - Carbon Brief This is significantly below the at least 30% below 2024 levels that experts had said was needed to be in line with the goals of the Paris Agreement

Donald Trump was more optimistic about Ukraine’s prospects (after meeting with Zelensky), saying it could reclaim all territory lost in its war with Russia with help from the EU. He also said NATO should shoot down Russian aircraft violating the alliance’s airspace Markets : No real change from Powell (more cuts coming, and priced) and he mentioned that ''equities were fairly high weighted on sentiment'' , Trump Uturns on Ukraine-Russia, Oz inflation 3% (top of range), Crude gets a little boost from prospect of Russian oil curbs, PALL also up nicely yesterday (Russian sanctions risk..), together with PLAT, GOLD (own it, but ''most overbought on the monthly charts in 45years) BTC and others struggled this week (not always but often a sign for risk sentiment overall), NVDA's $1trn AI pump announcement the other day 'failed' to lift stocks further (WOETH NOTING-short-term momentum etc).. Nvidia-OpenAI Deal: Proof Of AI Boom Or 'Circular Vendor Financing'? - this discussion is certainly gaining some tractions, it's obviously of HUGE interest for markets Trade : Washington expects to finalize trade deals with some Southeast Asian countries within weeks, a US official says Geopolitics : Trump was telling everyone he was losing patience with Putin, he sure has done a big UTurn after his meeting with Zelensky yesterday in/around UN, Trump to U.N.: ‘Your Countries Are Going to Hell’, 130 Chinese freight trains stuck at the Belarus–Poland border, Berlin is preparing a large-scale rearmament program worth €83 billion, which is almost entirely focused on European manufacturers Global investors are effectively outsourcing their equity exposure to the U.S. because the U.S. system offers what other markets cannot which is deep liquidity, legal protections, and the dominance of firms that define the global economy/Thread Bank of England and OECD Sound Warnings on Sticky UK Inflation   China manufactures about 80% of the world’s solar panels, supplies 60% of its wind turbines, 70% of its EVs, 75% of batteries. China’s share of global clean energy patents stands at around 75%/BBG UN latest: Ukraine can win all of country back, Trump says - in what Zelenskyy tells Sky News is a 'big shift' | World News | Sky News Trump's United Nations Speech: Read Full Text Transcript Speech by Chair Powell on the economic outlook - Federal Reserve Board UK inflation to be highest in G7 this year in huge cost of living blow Bitcoin’s Breaking Point: BTC Below This Price Would Signal Bear Market BTC, ETH, Solana all struggled this week, not always, but often a sign for risk sentiment OpenAI Unveils Plans for Seemingly Limitless Expansion of Computing Power - WSJ OpenAI laid out its vision for a vast, $1 trillion buildout of computing warehouses across the U.S. and abroad Nvidia-OpenAI Deal: Proof Of AI Boom Or 'Circular Vendor Financing'? 130 Chinese Trains Stuck In Brest - Belarusian News - Charter'97 Australia’s Faster Inflation Boosts Case for Slower RBA Cuts China’s stock rally is a job partly well done | Reuters Sofia Horta e Costa on X: "China manufactures about 80% of the world’s solar panels, supplies 60% of its wind turbines, 70% of its EVs, 75% of batteries. China’s share of global clean energy patents stands at around 75%. So much to unpack in this piece, a big reality check for anyone underestimating China" / X What is the gold to silver ratio telling us about silver's prospects? – The Armchair Trader Boeing Defense, Space & Security Partners with Palantir to Accelerate AI Adoption Across Defense, Classified Programs Alibaba shares rise over 6% after CEO unveils new AI products and spending plans Stellantis Dealers Are Embracing BYD And Making Things Awkward Brits raiding savings to deal with ongoing financial uncertainty The education of Steve Witkoff NEXTA on X: "Trump admitted: his ties with Putin meant nothing The U.S. president acknowledged that his personal contacts with the Russian dictator did not help him in resolving the war: “I thought I could end the conflict thanks to my relationship with Putin... But unfortunately, those ties https://t.co/jrtfJRtsnA " / X Eric Yeung 👍🚀🌕 on X: "1) China aims to become custodian of foreign sovereign gold reserves to strengthen its standing in the global bullion market, according to people familiar with the matter. 2) The People's Bank of China is using the Shanghai Gold Exchange (SGE) to court central banks in friendly https://t.co/ESquSKiWac " / X EndGame Macro on X: "Global investors are effectively outsourcing their equity exposure to the U.S. because the U.S. system offers what other markets cannot which is deep liquidity, legal protections, and the dominance of firms that define the global economy. If you’re managing sovereign wealth in" / X

Poland, NATO gave Russia a clear warning about violating it's airspace >>> Trump meeting Zelensky today at the UN asssembly, US Ambassador to the UN: United States and allies will defend every inch of NATO territory, Poland's Sikorski-"If another Russian missile or aircraft enters our airspace and gets shot down, don’t come here to whine. You have been warned." Markets : the top 10 stocks now make up 41% of the S&P 500 (an all time highs), 666 lows SPX during march 2009, we hit 6'666.66 yesterday and straight through it, GS's 1year target is 7200 SPX500, NVDA to invest $100bn in OpenAI (vendor financing ??), MAGA is now "Making the Argentine Peso Great Again" ?, Powell to speak later on, Whenever gold has gone vertical in the past, it’s been a sign that confidence in the system was breaking down (Thread), IMHO it's about the system, INCLUDING Central Banks, that is hedging significantly debased fiat currencies, because of RECKLESS debt levels created (specially) over the last 15years, that's not fear, that's planning, maths, logical and risk management (AND possible loss of FED independence, which look sincreasingly likely..Miran out to cut again, Hasset favorite, Waller voted himself out recently...rates quiet, for now anyway)) Trade : South Korea’s President Lee says U.S. investment demands would spark a financial crisis FED Miran |  Stephen Miran said US rates are too high and made a case for aggressive easing in the coming months, staking an outlier stance in his first policy speech since becoming a Fed governor Forbes: Since last year's election, the Trump family has nearly doubled its wealth to $10B , profiting from the presidency.. Goldman increases its S&P 500 target to 7200 , citing strong earnings this year. Stocks remain historically expensive, but typically perform well during Fed rate-cut cycles without a recession. Investors should focus on companies with floating-rate debt, which benefit from falling rates, and on SMID-cap stocks sensitive to economic acceleration Bessent : Argentina is a systemically important U.S. ally in Latin America, and the US treasury stands ready to do what is needed within its mandate to support Argentina. All options for stabilization are on the table Fed's Bostic: I see little reason to cut rates further for now - WSJ FT - Private equity groups warn of mis-selling as sector opens up to individual investors, sounds like laying the groundwork to blam someone else, if/when things go wrong.. you can blame the IFA's and various sales forces selling to retail “Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax.” - — Milton Friedman Nuclear energy represents a $10 trillion potential market opportunity that could hold "the answer to the world's power shortages," according to a new report from Bank of America Chicago is stepping in to lend cash to its underfunded pensions so they have enough money to avoid asset sales to cover retirement checks as they wait for property taxes to come in China plans to nearly double the number of its “15-minute community life circles” by 2030, such a great scheme Poland will shoot down encroaching Russian aircraft, warns PM Tusk – POLITICO Israeli tanks advance further into Gaza City as Trump to address UN General Assembly Ukraine-Russia war latest: UK tells UN it will confront Putin’s planes if they violate Nato airspace and Moscow comes under drone attack, explosions reported in nine districts ‘Very serious threat’: Trump sounds alarm as Venezuelan militia ‘caught’ training amid US-Venezuela tensions CNBC Daily Open: Hindsight could give the Fed a stern lesson on its rate cut Fed Gov. Stephen Miran Calls for Dramatically Lower Interest Rate After Voting for Jumbo Cut Trump's Fed appointee pushes for far lower interest rates Treasury Secretary Scott Bessent on X: "Argentina is a systemically important U.S. ally in Latin America, and the @USTreasury stands ready to do what is needed within its mandate to support Argentina. All options for stabilization are on the table. 1/4" / X U.S left Asia, wants Europe to take care of itself, and is now taking steps in South America, Venezuela and others, not sure US bailing out Argentina, again, and again is going to be so popular..Argy election coming up, let's see how popular Milei is now (allegedly not great) Gold Punches to Record on Rate-Cut Outlook as ETFs Draw in Flows EndGame Macro on X: "Gold’s Vertical Repricing Whenever gold has gone vertical in the past, it’s been a sign that confidence in the system was breaking down. In the 1970s, when Nixon cut the dollar off gold, inflation and oil shocks sent it from $35 to $800. In 2008, as the financial crisis hit and https://t.co/x41uRVYNMV " / X Nvidia to back OpenAI with staged $100 billion investment NVDA invest in OpenAi, so that OpenAi can buy NVDA chips '''vendor financing' existed in the 2000 period..the numbers are are mucho bigger though Wedbush hikes Apple stock price target on hot iPhone 17 sales Chicago’s Pension Funds Are Nearly Insolvent – Incoming $28m Bailout | Armstrong Economics Nick Timiraos on X: "St. Louis Fed President Alberto Musalem signals he may need to see continuing weakness in the labor market to justify additional cuts. Musalem: I supported the decision to cut last week “as a precautionary move” intended to support a full employment labor market. Policy is" / X H-1B visa: What Trump’s $100,000 fee means for top global talent hubs Probably part of dealing with India's trade deal South Korea's President Lee Trump investment financial crisis Global Markets Investor on X: "🔴Market concentration BUBBLE is still rising: The top 10 stocks now make up 41% of the S&P 500, AN ALL-TIME HIGH. The Magnificent 7’s share has also hit a new record of 35%. Out of 500 stocks, just 10 are driving the entire index. This is absolutely MIND-BLOWING. https://t.co/RnfJHYInyJ " / X Musk's robotaxi plans for San Francisco alarmed, confused regulators, emails show Sixth Tone on X: "China plans to nearly double the number of its “15-minute community life circles” by 2030, with a focus on expanding services for the elderly and children, the Ministry of Commerce (MOFCOM) announced Friday. By the end of 2024, the country had established 5,188 such circles https://t.co/AwbpXncxxe " / X 'Farage plan would split families' and 'Will the King banish Fergie?' WIll probably be binned, or water down dramatically sooner rather than later

Markets : Modi urges Indians to abandon foreign products amid strained U.S. ties (bit of a whaoo..), Trump being very busy threatening 'many' this weekend, Cyberattack Shuts Down Major European Airports, Causing Widespread Flight Delays, U:S government shutdown looms, again (this time could get a little feisty), Powell is scheduled to speak this Tuesday at 12:35PM EST, the FY 2025 US deficit will exceed $2 trillion , India into #rareearth, Trump and Xi bless long-awaited deal to spin off U.S. TikTok >>> precious metals keep on trucking, #XAUUSD dragging #XAGUSD (outperforming), #XPTUSD and #PALL, rare earth and overall USD should remain soft(er), equitiy markets still firm (flow, usd's moving into hard assets) big picture, Powell tomorrow lets see Geopolitics : Taliban Reply to Trump: “We’re ready to Ffght for another 20 Years”, Trump again said he was disappointed with Putin and he will lose, Trump was just asked if he would help defend,Poland and Baltic states from Russia if Putin keeps escalating “I will,” he replied,  A leading political party in Germany has called for shooting down Russian aircraft that violate NATO countries’ airspace, - DPA, Scandal in Austria: OMV top manager fired over ties to Russian intelligence GOLD : “The entire global trading system until Richard Nixon took us off was tied to gold.” - Scott Bessent United States Secretary of the Treasury Don’t fool yourself… The current United States government watches gold closely / Video-interview and Morgan Stanley CIO favors 60/20/20 portfolio strategy with gold as inflation hedge, joining the move ! The US's is in the midst of a full-on strategic retreat, away from global primacy to focus on its own hemisphere/Thread Can you recall when the biggest corruption story of the year was Bill Clinton meeting Loretta Lynch on a plane? Now we have a sitting President openly directing his AG to prosecute political enemies, firing prosecutors who refuse, and not one Republican in Congress sees this as a problem ..so far anyway, and border Czar Tom Homan was caught by the FBI accepting bribes - on camera - to deliver government contracts in exchange for $50,000 in cash (seems they all knew, coverup etc) Nvidia eyes new $500m investment in UK autonomous tech group Wayve A federal judge dismissed U.S. President Donald Trump's $15 billion defamation lawsuit against the New York Times, calling it "decidedly improper and impermissible." Modi urges Indians to abandon foreign products amid strained U.S. ties - CGTN Trump and Xi bless long-awaited deal to spin off U.S. TikTok - The Washington Post Morningstar DBRS Downgrades the Republic of France to AA, Trend Changed to Stable | Morningstar DBRS A warning to all fiscally trapped countries, thisis not jsut about France Trump been busy over the weekend : --Trump instructed his AG to go after specific political enemies --We learned that his DOJ ended an investigation into his border czar, who was caught on camera taking a $50k cash bribe --His Pentagon top brass threatened to expel journalists who report info not cleared by them --His WH spoke to a shady deal that will see TikTok in the hands of a consortium of GOP mega-donors --Trump threatened "bad things" if we don't re-take Bagram AFB --His most senior counterterrorism official is in a Twitter spat with Laura Loomer. None of this is normal. All of it is so dangerous and corrosive to our democracy ‘We can’t delay any longer’: Trump urges Bondi to prosecute his rivals Cyberattack Shuts Down Major European Airports, Causing Widespread Flight Delays - World En.tempo.co 'Relying for security on US, economically on China' no longer viable: South Korean President Lee Austrian Energy Executive Fired Over Russia Spy Links Gold Telegraph ⚡ on X: "“The entire global trading system until Richard Nixon took us off was tied to gold.” - Scott Bessent United States Secretary of the Treasury Don’t fool yourself… The current United States government watches gold closely. https://t.co/gCH7YZoHn8 " / X Morgan Stanley CIO favors 60/20/20 portfolio strategy with gold as inflation hedge By Reuters You bet .. The Kobeissi Letter on X: "China’s appetite for gold remains strong: China’s non-monetary gold imports jumped +64% MoM in July, or 104 tonnes, the second-highest reading this year. Non-monetary gold imports reflect demand from households, jewelers, and private investors. This is ~9% above the 5-year https://t.co/rb7ZQKBZnM " / X UBS allegedly considering moving headquarters to the US - SWI swissinfo.ch Arnaud Bertrand on X: "Yet another strong confirmation that the US's is in the midst of a full-on strategic retreat, away from global primacy to focus on its own hemisphere. We now have a senior Pentagon official (David Baker, Deputy Assistant Secretary of Defense, or "War" as they now call it) quoted https://t.co/Gab7rH6Uck " / X Nvidia eyes new $500m investment in UK autonomous tech group Wayve - Just Auto The Kobeissi Letter on X: "Manufacturing jobs are contracting: The US economy shed -12,000 manufacturing jobs in August, the second-largest drop since October 2024. This marks the 4th consecutive monthly decline, the longest streak since the 2020 pandemic. Over the last 4 months, manufacturing https://t.co/N0ptXg0YLq " / X India mulls strategic rare earth reserve, defense official says - MINING.COM How the Swiss central bank built a $167bn tech-led US stocks portfolio - SWI swissinfo.ch

2% inflation target was always arbitrary, why 2% ? why not 3% ? ..New Zealand started wiht the 2% target in the early 90's, other CB's followed, we are in 2025 (FED admitted 2% target achievable only by 2028, that would make it 7y outside the target..) , things have changed, to the point the FED cut this week was more of a statement, not about monetary policy but more about a fiscal need, the next FED's additional mandate is to easy govt debt burden.. #shadowfed , thus over time the USDollar is on a weaker path, and technically DXY is on some 15year support, arguably '''breaking down''', weekly/monthly/quarterly confirmation required for 'next' secular move lower... next few months will be very interesting with Miran and Trump's next choice in Jan & eventually Powell in May 2026 Markets : Russia is starting to face major fuel shortages, BoE & BoJ unch, Norges cut, NVDA invest $5bn in Intel (good trade for Trump ! shrewd political move ), 30's and 10's UST up 12bps or so after FED cut.. (it will be hard to go and stay below 4%.....), German 30y yields highes since 2011, JGB's etc.. 39% of Fund Managers still have ZERO Gold (BoAML-chart available) >>> >>> a weaker USD big picture is positive emerging markets Eq (+global companies), miners, metals, commods etc, which is what has began to happen lately, the US end game will be MMT, QE, softer USD and YCC etc.. #shadowfed Trade : China and the United States are reportedly in the “final stage” of negotiations for a state visit to Beijing by US President Donald Trump, Denmark eyes Boeing P-8 aircraft for Arctic surveillance, Geopolitics : Donald Trump says Afghanistan’s Bagram air base should be returned to US control’ (FT), Tony Blair’s US-backed proposal for ending the Gaza war and replacing Hamas, Poland’s border closure risks choking EU-China trade, China says “Latin America is no one's backyard” and has “the right to independently choose development path and cooperation partners.” '$150bn of U.S. tech investments into the U.K. are floated and ‘UK set to announce closer co-operation with US on cryptocurrencies’ (FT), where “Chancellor Rachel Reeves hopes greater regulatory alignment will allow better access to America’s deep capital markets” China's $19 trillion stock market, once called uninvestable... (remember...) lures foreigners again US military have deployed a large force to the Caribbean in order to combat drug smuggling including 6 strike drones Germany has shifted its stance and now supports expanding the use of frozen russian assets to finance Ukraine, Germany's Merz faces trouble over 'autumn of reform' SCMP : Huawei bypasses Nvidia AI chips in computing breakthrough for China China's $19 trillion stock market, once called uninvestable, lures foreigners again | Reuters Commodities could be on the verge of a new super cycle | Reuters Bank of Japan keeps benchmark interest rate steady as it treads cautiously Norges Bank to ease faster than it projects after hawkish cut | articles | ING Think ‘Hedge America’ Trade Fuels Global Rush Into Short-Dollar Wagers Germany to back use of frozen Russian assets for Ukraine – Bloomberg Germany's Merz faces trouble over 'autumn of reform' – DW – 08/30/2025 Denmark eyes Boeing P-8 aircraft for Arctic surveillance The complex politics of EU military procurement....Didn't wan tUS kits, but suddenly realize that the alternatives are often worse...perhap smore expensive even... Denmark’s defence minister: “I would prefer that we collaborate with other NATO countries to get the most value for our money and to have a greater degree of flexibility – but if that proves impossible, I am also willing to accept that we will have to acquire this P-8 aircraft capacity ourselves.” Meta Ray-Ban Display glasses glitch twice during live demo NvidiaIntel deal What it means for the AI ecosystem | Saxo Global Markets Investor on X: "‼️The US is going through a COST OF LIVING CRISIS: US consumers' expectations for real income growth over the next 1-2 years dropped to the lowest level in HISTORY in September. Not even during the high-inflation period of the 1970s–1980s was the outlook this pessimistic. https://t.co/e2kXB4kZUc " / X Gold Near $3,700. Have You Missed the Boat? | GoldSeek Revealed: Tony Blair’s US-backed proposal for ending the Gaza war and replacing Hamas Poland’s border closure risks choking EU-China trade – POLITICO

FOMC : f airly clear move putting 'jobs' over inflation " , a little bit of QT continues, not worry (Powell), growth and inflation forecasts slightly higher, employment forecasts softer, divided opinions on FED path that's for sure, both sides of the mandate challenged, big divergence of views into 2026, “It’s not obvious what we need to do…” , Powell rallies Fed colleagues as economic, political risks grow >>> once the 'Miran-Trump' #shadowFED regime is in place at the'new' FED, it's ALL change, full MMT, QE, YCC, U.S banks embracing crypto, lower usdollar, but perhaps not just yet, hard to tell, watch price action, depends how quickly Mr Market wants to look fwd to what will happen... Markets : US to invest £150bn in UK, promising thousands of jobs, THE big risk, in 1998 the FED cut 75bps which lead to the DOT.com bubble, this time the FED looks to be cutting up to 75bps, which will very most likely lead to the AI bubble, U.S. banks are carrying nearly $400B in unrealized losses (Thread-one day it may matter..), China confirms TikTok's US app will continue using chinese algorithm and bans chinese top tech firms from buying Nvifdia's Ai chips. Geopolitics : Russia on Track to Become the Next Cuba/Thread, Fuel shortages growing across Russia, Saudi Arabia signs mutual defence pact with nuclear-armed Pakistan (this sounds like a big thing..) Trade : EU unveils push for closer India defense, trade ties, and The EU also plans to propose sanctions on more Chinese companies linked to the Kremlin’s war effort this week , EU commission proposes suspension of trade concessions with Israel and sanctions on extremist ministers of the Israeli government and violent settlers, Big Pharma flinches first over Trump tariffs as Eli Lilly and GSK promise U.S. investment, U.S. Senator Graham told Hungary & Slovakia to stop buying Russian oil China and the Global South believe that gold should underpin global finance in the future. The US believes it should be crypto, take you pick Bessent made same mortgage pledges like FED Governor Lisa Cook NVDA losing the China market, might not be just about NVDA.. >>> every country is wary of US sanctions, many will look at China as an alternative (and much cheaper) supplies of smis, once hey see Chinese firms do just as well without US chips EU explores using €170bn of Russia’s frozen assets to fund Ukraine’ (FT) Federal Reserve lowers interest rates by 0.25 percentage points in first cut since December - CBS News StockWatch - Powell rallies Fed colleagues as economic, political risks grow DoubleLine Capital CEO Gundlach says Fed's 25 bps rate cut is 'the right move' UK could raise nearly £2bn by taxing SUVs in line with European countries, study shows | Car tax | The Guardian US to invest £150bn in UK, promising thousands of jobs Scott Bessent Made Contradictory Mortgage Pledges Like Fed Governor Lisa Cook: Report Big Pharma flinches on Trump tariffsL Eli Lilly, GSK promise investment EU unveils push for closer India defense, trade ties Bit wierd to go for peace in Ukraine while supporting India, which imports 40% of its oil frm Russia... China is banning its tech firms from buying Nvidia's chips Why Trump Let Netanyahu Strike Hamas in Doha | Hudson Institute Saudi Arabia signs mutual defence pact with nuclear-armed Pakistan | News | Al Jazeera Fuel shortage is marching through the regions of the Russian Federation, approaching Moscow NEXTA on X: "Russia on Track to Become the Next Cuba The Kremlin is tightening the screws again: starting November 1, the recycling fee on cars will skyrocket. For many, foreign cars will become an unattainable luxury, leaving the outdated Russian auto industry as the only alternative. https://t.co/IlBDjvNiWL " / X StockMarket.News on X: "🚨 U.S. banks are carrying nearly $400B in unrealized losses. These losses stay hidden from earnings but weaken banks underneath. If trust breaks, paper losses can flip real in an instant. (a thread) https://t.co/FFlmusCdAv " / X Britain's pension promise could turn into a tax trap – The Armchair Trader

As the US retreats, can Xi Jinping’s new initiative shape the future world order? Markets : Spreads on investment-grade bonds are at the lowest levels since 1998, UK and U,S agree $42bn tech pact to mark Trump's visit (MSFT 30bn) >> in these markets, hardly anyone dares taking a short position n SPX/QQQ, lost count of how many 'overvalued markets', concentration of risk, massive short VIX (long risk)... that all said FOMC's can be the trigger for a change of momentum in short-term , so watch out, plenty of opportunties in relative value, precious metals ( Mining was 11% of global equities in the 1960s, today it’s 1%), HSI up above March highs, USD seems to be entering a new round of weakness too, let's see over next couple of days post FED meeting, Atlanta Fed is now projecting that Q3 GDP will be +3.4%… a massive expansion, US sales were stronger yesterday (BUT flat for 5years, when adjusted for inflation) , we are all ears Mr Powell, 25bps cut most likely and 'data dependent' going forward, 50bps would be seen as politically driven, whatch if he takes back some of the cuts priced in all teh way to end of 2026 Trade : China’s attempt to pivot away from the U.S. starts with this trading hub, Singapore’s exports plunge 11.3%, US warns Canada of potential negative consequences if it dumps F-35 fighter jets, Trump’s China trip many hinge on Boeing and soybean deals, sources say, US in talks to fund multibillion-dollar mining initiative for critical minerals’ (FT), EU executive will adopt new sanctions against Israel on Wed Geopolitics : Israel presented Syria with proposal for new security agreement, it's tempting to put itin this section : The top 10% of income earners in the US now account for nearly half of all consumer spending, a record high,The EU is discussing a complete ban on entry for Russian tourists, Kellogg: Ukrainians are not the obstacle to peace — Putin is. We are in the last 10 yards of the fight. This war could end tomorrow if he agreed to come to the table and negotiate (Thread) 'Impeachable': Explosive report on Trump's massive crypto 'scandal' stuns observers AI : the 109 AI stocks in goldman sachs’ tmt ai basket are now valued at $29.2 trillion — nearly equal to the annual u.s. economic output Bank of America sees nearly $1 trillion market cap potential for gold miners The world needs to spend $540 billion a year looking for oil and gas to maintain current output by 2050, according to the International Energy Agency Arkansas farmer: We've got a real disaster with this tariff deal/Thread Is UBS Too Big for Switzerland After Government’s Capital Demand? - the Swiss government wants the bank to take on more capital to deal with future crises, and unveiled the outlines of a draft law on June 6 that could ultimately force UBS to add as much as $26 billion to its capital cushion. UBS says such a requirement will make it uncompetitive and is limbering up for as many as three years of lobbying and public positioning while a bill moves through the Swiss parliament/BBG Nestlé chair Bulcke to step down early after CEO’s ouster CNBC's The China Connection newsletter: China's trade shifts away from U.S., even in Yiwu As the US retreats, can Xi Jinping’s new initiative shape the future world order? | South China Morning Post Fed rate cut playbook Where markets could shine | Saxo Bank Switzerland Bank of America sees nearly $1 trillion market cap potential for gold miners | Kitco News EU countries eye curbs on Russian tourist visas and diplomats | Euractiv UK and US agree $42 billion tech pact to mark Trump's visit | Reuters Google’s huge new Essex datacentre to emit 570,000 tonnes of CO2 a year | Google | The Guardian Tymofiy Mylovanov on X: "Kellogg: Ukrainians are not the obstacle to peace — Putin is. We are in the last 10 yards of the fight. This war could end tomorrow if he agreed to come to the table and negotiate. 1/ https://t.co/8OffsZFMcd " / X Singapore's exports plunge 11.3% in August, much weaker than forecast Student loan delinquencies hit record high, FICO report says 'Impeachable': Explosive report on Trump's massive crypto 'scandal' stuns observers - Raw Story Nissan to shut design studios in US and Brazil and downsize London, Japan operations | Reuters UBS Faces $26 Billion Swiss Capital Demand: What’s at Stake Nestlé chair Bulcke to step down early after CEO’s ouster - Moneyweb Donald Trump orders another strike on Venezuela drug traffickers Frontline report: Russia’s Pokrovsk offensive collapses into chaos — Ukrainian forces seize the moment and liberate Udachne - Euromaidan Press How long can the UK afford the pension triple lock? FactPost on X: "Arkansas farmer: We've got a real disaster with this tariff deal. We produce 40% more agricultural products in this country than we can consume domestically. 1 in every 4 rows of soybeans has to go abroad. China is the largest importer of soybeans in the world. For the first time https://t.co/kMLCNKIUWP " / X Jim Paulsen on X: "A better retail sales report this morning. But adjusted for inflation, retail sales have been nearly unchanged for the last 5 years. Hard to call this robust. Fed easing is coming, and maybe this will allow real retail sales to break north again? https://t.co/cmZvbGr0eN https://t.co/6AjJ6L0bGg " / X

GOOG joins the $3 trillion club Markets : The S&P 500 is now trading at 3.3x sales, its highest valuation in history & The S&P 500's price to peak earnings ratio has moved up to 27.3, its highest level since 2000 and 59% above the historical median, Stephen Miran confirmed as Federal Reserve governor, GOOG joins the $3trn club, Swiss Regs vs UBS, parts of Russia run dry as Ukraine's drone strikes hit oil refineries, BdF trims economic outlooks & warns political risks >>> markets have a lot priced in to end of 2026, ahead of the Fed, let's see if Powell keeps the party going ! precious metals keep on going, #BTC or #XAU ? over the long-term it's hard to think BTC to be used as collateral for REPO and or used by central banks around the world (you never know but not yet), while one can with GOLD immediately.. Trade : US, China Reach TikTok ‘Consensus,’ Setting Up Trump-Xi Call, U.S. warns Canada over F-35 deal France politics and budget : big picture France cannot really be bailed like Greece 15y ago, the debt is similar in terms of debt/GDP , but in absolute terms it's huge, and the current government(s) does NOT want to cut spending in any serious way, Switzerland’s US tech ‘whale’ - Conservative central bank has more than $42bn invested in Apple, Microsoft, Amazon, Nvidia and Meta-FT Trump cannot fire Fed’s Lisa Cook before FOMC meeting, appeals court rules Two years ago, Stephen Miran ’s career in finance seemed to reach a dead end. The investment firm he co-founded was closing, having never really gotten off the ground. Now he is at the forefront of President Trump ’s bid to remake the Federal Reserve / WSJ GS Pasquariello: "While I agree the market is top heavy and concentrated, consider this: the P/E ratio of the top 10 stocks in S&P today is 28x  … at the highs in March of 2000, that measure was 43x.   I’m not saying the starting point today isn’t demanding — objectively, it is — I’m saying that it doesn’t rise to the level of over-valuation that we saw in the tech bubble." FT “Yields on the bonds of groups including L’Oréal, Airbus and Axa have sunk below those on French government debt of similar maturity in recent weeks , according to data compiled by Goldman Sachs, in a sign that investors may see them as a safer bet.” UK : 438 quangos received £376 billion in government funding in 2023-24 , on top of £36 billion in non-governmental income The Fed might cut rates this week, but ... "Too many investors look at the present. The present is already in the price. You have to think out of the box and visualise 18-24 months from now, what the world is going to be and what securities might trade at - if you can see something in two years that’s entirely different from the conventional wisdom, that’s how you make money." -Druck French central bank sees growth outlook clouded by politics The Fed is expected to cut interest rates. Wall Street isn't waiting Exclusive | How Stephen Miran, Trump’s Provocative Economist, Crashed the Federal Reserve - WSJ Trump pick Stephen Miran confirmed as Federal Reserve governor | CNN Business US, China Reach TikTok ‘Consensus,’ Setting Up Trump-Xi Call U.S. warns Canada of potential negative consequences if it dumps F-35 fighter jet Trump cannot fire Fed's Lisa Cook before FOMC meeting, appeals court rules Trump advocates that companies stop reporting earnings on a quarterly basis Parts of Russia run dry as Ukraine’s drone strikes hit oil refineries | The Independent Swiss Regulators Accused of Pushing UBS Out of the Country US president Donald Trump says he will sue New York Times for $15bn Britain’s Quangos Uncovered: quango-state responsible for almost one third of government spending - TaxPayers' Alliance Tax payers' money well spent ? Reform UK's new faces seek to share spotlight with Farage Musk Answers Tesla’s Pay Proposal With $1 Billion Stock Buy Mohamed A. El-Erian on X: "From the Financial Times: “Yields on the bonds of groups including L’Oréal, Airbus and Axa have sunk below those on French government debt of similar maturity in recent weeks, according to data compiled by Goldman Sachs, in a sign that investors may see them as a safer bet.” https://t.co/UPHoBpDemx " / X Google hits $3 trillion after antitrust ruling and cloud boom

FOMC will cut 25bps, citing weakening job market, why not do 50bps since it's priced in anyway, could well be seen as political, so probably not Markets : CME raises COMEX Gold Margins by 6.7%, in August, the US Gvt collected $344 Billion, sounds good, just one big problem, it spent $689 Billion, that is a $345 BILLION deficit in one month alone, DOW THEORY says the transports are always the first stocks that get hit prior to a recession #UPS share price , Fitch downgrades France to A+ from AA-, outlook stable , Sherwin Williams cutting its 401(k) match is a pretty loud signal about where the cracks are showing in the economy DOJ probing Tricolor for pledging the same collateral multiple times, Tricolor’s AAA bonds (rated 2 months ago July ’25) just plunged—par to 75¢, lower tranches to 10¢ Trade : US companies put brakes on hiring after Donald Trump’s tariffs hit - Industries most exposed to rising costs caused by trade wars launch wave of job cuts, US Democrats press Trump for a trade deal that curbs China's production, Trump demands NATO action on Russian oil before any U.S. sanctions , Tariffs face legal threat that puts Trump’s deficit plan at risk, US-China Talks Head Into Second Day Focused on Trade, TikTok, China purchased 54% of US grown soybeans last year for $13.2 billion China has purchased $0 in US soybeans this year, Trump arrives in UK tomorrow for his visit As GOLD heads towards $4'000 and XAUUSD towards $50 , very strong possibility, momentum investors and institutions will be forced to join in, FOMO on a historic precious metals bull market The bottom 50% of US households now hold just 2.5% of total US wealth Nepal’s PM elected through Discord: How Nepal chose its first woman PM 'Nobody is going to stay and work when it's like this,' said an LG Energy Solutions subcontractor who was among the 300 South Koreans who returned to their country after being detained in a US immigration raid Major Central Bank Meetings This Week Federal Reserve (FOMC/USA): September 16–17(monetary policy decision and press conference) Bank of Canada: September 17(policy rate meeting) Banco Central do Brasil: September 17(rate decision) Bank of England (UK): September 18(Monetary Policy Committee meeting) Norges Bank (Norway): September 18(policy decision) South African Reserve Bank: September 18(policy meeting) Bank of Japan: September 19(monetary policy statement) Nepal’s PM elected through Discord: How Nepal chose its first woman PM - TechStory South Korean workers return home to cheers a week after US immigration raid | Reuters Venezuela's Maduro says "no way" U.S. can invade after Washington deploys warships to region - CBS News Qatar PM blasts Israel over attack in Doha as Arab leaders convene for emergency summit Ukraine-Russia war latest: Romania summons Russian envoy after second Nato country reports drone incursion Trump demands NATO action on Russian oil before any U.S. sanctions Sherwin Williams Workers Worldwide are Losing Retirement Benefits | PeakD Tariffs face legal threat that puts Trump’s deficit plan at risk - The Economic Times Chinese EV firms take fight to European automakers on their home turf US-China Talks Head Into Second Day Focused on Trade, TikTok Igor Sushko on X: "💥 Ukraine has now conducted 17 strikes on 12 Russian oil refineries in 45 days. These refineries represent 42% of total oil refining capacity in Russia. August 2 1. Novokuybyshevsk Oil Refinery 2. Ryazan Oil Refinery August 7 3. Afipsky Oil Refinery August 10 4. Saratov Oil https://t.co/wyRgfg3vbi " / X Trump Administration Unlawfully Cut Harvard’s Funding, US Judge Rules US farmers are being squeezed - and it's testing their deep loyalty to Trump We will never surrender our flag, Sir Keir Starmer says Everyone is in it for him or herself, left and right ! nothing illegal here mind.. Lord Kinnock to benefit from trust loophole that reduces inheritance tax D-FW auto lender, dealer files for bankruptcy amid fraud allegations from major bank Rating agencies are partying like it’s 2008, slapping AAA on junk. The music’s stopped, & subprime auto debt tied to fraud is crashing fast. Same playbook, new bubble Swiss Lawmakers Vote to Move Ahead on Bank Capital Revamp - SWI swissinfo.ch Canada launches fast-track reviews for major mines and energy projects - MINING.COM Carbon capture – the get-out-of-jail-free card that does not actually work | Carbon capture and storage (CCS) | The Guardian £20bn of tax payers £££'s wasted, maybe more, Miliband pushed this through couple of years ago The Epstein Scandal Finally Takes Down a Politician - The Atlantic

ALL time highs....for Stocks, home prices, BTC, Gold, money supply, U.S national debt , CPI inflation 4% per year since early 2020 (twice FED target) and FED is cutting next week (it's all priced mind, 4 cuts priced in, so they could deliver 2 meetings worth with 50bps, and say they are done, so do watch out with mr market limit short VIX) Markets : after weak U.S jobless claims at +263K... inflation flared back up in August while layoffs surged to a 4-year high...rates futures pricing have 4 straight 25bps Fed rate cuts through Jan 2026, DB raises S&P 500 target back to 7,000 as markets recover from tariff shock, FTC launches inquiry into AI chatbots of Alphabet, Meta and others, ECB unch and done now, pretty much all other major Central Bank meetings coming next week, Japan cuts price cap on Russian oil to $47.60 in additional sanction, ''what if the $3 trillion AI investment boom goes wrong? - Economist >>> markets at or near all time highs, no care about valuations and/or geopolitics, as bonds rallied on weaker #macro U.S , precious metals, PALL continue, XAGUSD could get into a whole new bullish phase too.., mining companies repriced, we have the h ighest short $VIX  position since 2022 though so watch out >>> USD, RMD, GOLD... the foundation of a real multi-polar system , countries recycling into RMB and gold instead of Treasuries Geopolitics : Foreign Minister of Poland Radosław Sikorski: I think it's high time that President Trump should see that Putin is mocking him, Poland has closed its entire eastern airspace for commercial use until December, establishing a no-fly zone, Zelensky met with Keith Kellogg to discuss increasing pressure on Russia and coordinating with partners for a faster end to the war, Brazil's former president Bolsonaro found guilty of coup plot, France's 'Block Everything' protests converge around ousting Macron, Lebanon stated it expects to disarm Hezbollah in 3 months, The U.S. lets Belavia back into the skies as Lukashenka releases 52 political prisoners Trade : Lutnick Signals optimism on trade with Taiwan, Switzerland , US to urge G7 to impose high tariffs on China and India over Russian oil purchases’ (FT) but the EU refused this week, Bessent will meet China trade negotiator VP He in Madrid to discuss trade, economic, & national security issues, with talks also covering TikTok and efforts to combat money laundering, Mexico to raise tariffs on cars from China to 50% in major overhaul XAGUSD : BoA ''shifting just 1% of global reserve assets into silver would be equivalent to 5years' worth of silver supply'' .. Tesla admits that its cars may never fully drive themselves.. This week energy giant Ineos said it was pulling out of the UK and investing £3bn in the US instead. Tonight pharma giant Merck scrapped its £1bn facility in London - which it was already building - saying the UK "is not competitive.", energy prices.. South Korea’s president says Georgia ICE raid could have ‘considerable impact’ on direct US investment from his country ECB Holds Interest Rates as US Tariff Deadline Looms Eric Yeung 👍🚀🌕 on X: "Here is how it works: 1) Global south or BRICS+ countries trade with Chinese manufacturers. 2) If they sell lots of raw materials to China and accumulate lots of RMB Yuan they might park it at Chinese government RMB Yuan Bills, Notes or Bonds. 3) These BRICS+ countries may" / X France's 'Block Everything' protests converge around ousting Macron France to deploy jets in Poland after drone incursion blamed on Russia South Korea’s president says Georgia ICE raid could have ‘considerable impact’ on direct US investment from his country | Regional/National Headlines | local3news.com 110. Trump’s Big Secret: Inside Epstein’s Birthday Book • The Rest Is Politics: US worth a listen when you have a moment >>>This week, Anthony Scaramucci is joined by renowned journalist Stephen Sackur to answer all these questions and more. Brazil's former president Bolsonaro found guilty of coup plot Sidelining Reeves now is a big gamble Excellent analysis there Tesla Admits That Its Cars May Never Fully Drive Themselves What if the $3trn AI investment boom goes wrong? ‘What if the $3trn AI investment boom goes wrong?’ (Economist). Elon Musk already just stated it means the government goes bankrupt; but more generally if AI works, even white collar analysts lose their jobs —so chaos— and if it doesn’t, $3trn goes  and debt problems are unresolvable - so chaos. NEXTA on X: "⚡️ BREAKING: The U.S. lets Belavia back into the skies as Lukashenka releases 52 political prisoners Several major developments at once: 🔵 The U.S. is lifting sanctions on Belavia, imposed in 2021 after the forced landing of a Ryanair plane. Belarus’s national carrier is https://t.co/WbcvkelAa7 " / X Lebanon to disarm Hezbollah near Israel border within three months: Minister - The Hindu Ukraine-Russia war latest: Poland rejects Trump’s claim that Putin’s drone incursion ‘could’ve been a mistake’ Nepal Protest News Today Live Updates: Nepal Kathmandu Gen Z Protest Reason, New PM name, Curfew in Nepal Latest News today | Stranded Indian in Nepal Latest Updates Venezuelan leader declares early Christmas as standoff with U.S. escalates Christian May on X: "This week energy giant Ineos said it was pulling out of the UK and investing £3bn in the US instead. Tonight pharma giant Merck scrapped its £1bn facility in London - which it was already building - saying the UK "is not competitive."" / X Chatbot Investigation: FTC Probes OpenAI, Meta, xAI Over AI Chatbot Safety For Kids AI chatbots and risks for kids draw FTC scrutiny