TYB
The Real Deal
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Thursday, Oct 09, 2025 - 07:00 PM
By Michael Every of Rabobank
The Real Deal
Right now, the focus shouldn’t be on the little data we have. German industrial production figures were shockingly bad and take output to the lowest level since 2005, but that was an obvious trend years ago to those who wanted to see it.
Neither should it be on the Fed. The FOMC minutes said they are minded to cut rates further this year, after being adamant that wasn’t necessary a few weeks ago (i.e., why listen to them?), but are still worried about inflation risks – in sharp contrast to the RBNZ, for example.
Rather, it needs to be on the deals that are underway – and I don’t mean the circular investment/logic/firing squad(?) that we are seeing in US AI.
https://www.zerohedge.com/markets/real-deal