Markets
US economy adds just 29,000 jobs in September as hiring slows sharply
Figure prompts traders to rein in bets on further Fed rate rises
Macro
Geopolitics
Bond Market Crash: Why Gold No Longer Falls When Interest Rates Rise - GoldBroker.com
Bond Market Crash: Why Gold No Longer Falls When Interest Rates Rise - GoldBroker.com
Macro
James Lavish: New Fed Chair may have made early policy error - Traders Union
James Lavish: New Fed Chair may have made early policy error - Traders Union
Macro
Good News Friday: FL Sues Pfizer Over COVID Jabs, Gold Bug to Counsel Bessent, and US Closes Iraq Bases
Today's Digest covers FL's Pfizer suit, teen mental health, Shelton at Treasury, Title IX rollback, voter checks, CBP donations, degree limits on gov't contracts, blocked kids' online safety bill, Iraq base exit, and Ceuta protests.
Geopolitics
The True Drivers of the U.S. National Debt: Policy, Tax Cuts, and Economic Impact - The Fulcrum
The True Drivers of the U.S. National Debt: Policy, Tax Cuts, and Economic Impact - The Fulcrum
Macro
Jobs Weaker Than Expected in September, Up 29,000 With Negative Revisions
Nonfarm payrolls rose by 29,000 and unemployment ticked u to 4.2 percent.
Geopolitics
BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund - Funded With Government Debt - What Could Possibly Go Wrong? - EnergyNow
BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund - Funded With Government Debt - What Could Possibly Go Wrong? - EnergyNow
Macro
No Short-Term Fix to Diesel as Trucking Companies File Bankruptcy – Cleric Demands US Reparations in Iraq
Today's Digest covers Russia's diesel ban, Hormuz attacks and bypass plans, trucking bankruptcies, Korea's gold buy, Iraq's U.S. exit, AI in banking and medicine, the insider-trading bill, and midterm interference.
Markets
Global bond market steadies after sharp sell-off
Heavy selling this week pushed 10-year US Treasury yields to their highest level since 2002
Geopolitics
Bank of England Warns of Sovereign Debt and AI Lending Risks, Bitcoin’s Monetary Attributes Draw Renewed Attention - NAI500
Bank of England Warns of Sovereign Debt and AI Lending Risks, Bitcoin’s Monetary Attributes Draw Renewed Attention - NAI500
Geopolitics
'We cannot sweep the dust under the carpet': French debt is projected to grow to 122% of its GDP - Fortune
'We cannot sweep the dust under the carpet': French debt is projected to grow to 122% of its GDP - Fortune
Macro
Developed World Resembles Emerging Markets With Debt Spiral
For decades, economists looked down on emerging markets whenever they ran chronic deficits, accumulated too much debt, and watched interest expense consume an increasing portion of government revenue. The developed world supposedly knew better. Now the Institute of International Finance is warning t