October 17
News
Zelensky Warns That 20 Million Ukrainians Would Pour Into EU If Russia Wins | Zero
IRGC warns Hormuz Strait ‘closed’ as 4 tankers reported hit | AlJaz
Iran giving Houthis targeting intelligence for Saudi attacks - WSJ | Iran
President Trump waived sanctions on the five largest buyers of Russian oil and gas | Peak
citing the national interest, as a law from the late Sen. Lindsey Graham was due to impose up to 100 percent tariffs on those countries and 500 percent on Russian imports. China and India buy more than 85 percent of Russian crude.
Not much economic data next week: S&P PMIs and key housing data
Beef Prices Show Signs Of Easing. Bloomberg reports ground beef prices fell 1.3% in Sept | Zero
Prices of Single-Family Homes Fell by 11% to 26% in 16 Bigger Markets Already | Wolf
The market still prices one Fed rate increase by yearend – and a second by the March 17th.
CBB: I wouldn’t be surprised by one and done – with the one being last month’s rate increase.
Hope I'm Wrong | Doug Noland CBB Weekly
I fear the greatest Bubble in human history has finally begun to falter.
An especially disconcerting period has commenced.
For first time Russian Aerospace made a massive offensive vs Western Ukraine
| RTruth
This offensive shatters the long-standing assumption that western Ukrainian sanctuaries were insulated from high-volume, low-altitude unmanned interdiction. This large-scale deep strike provides verified operational confirmation of Russia’s sovereign satellite constellation: the Rassvet system.
The Week in Pictures
Things Have Changed | Kunstler
History is a trickster. Russia is not our mortal enemy anymore. Europe has become something of adversary, if not exactly our enemy, yet. Europe has lost its mind. Now, it is Europe’s turn to destroy itself in pursuit of idiotic theories. All that’s left of Britain’s vast imperial power is a matrix of nefarious financial rackets
Cleveland Fed CPI Forecasts for October
Headline: 0.27 m/m and 3.77% y/y
Core: 0.21 m/m and 2.48% y/y
AAA gasoline is down $0.13 to $4.308 from $4.438 a month ago
Mkts 2Y 10Y 30Y
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