'We're not doing well': U.S.-China trade war taking a toll on American soybean farms
https://www.npr.org/2025/10/09/nx-s1-5563908/were-not-doing-well-u-s-china-trade-war-taking-a-toll-on-american-soybean-farms
https://redd.it/1o232az
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https://www.npr.org/2025/10/09/nx-s1-5563908/were-not-doing-well-u-s-china-trade-war-taking-a-toll-on-american-soybean-farms
https://redd.it/1o232az
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NPR
'We're not doing well': U.S.-China trade war taking a toll on American soybean farms
The Trump administration is considering another bailout for soybean farmers hit hard by China's retaliatory tariffs. NPR speaks with Caleb Ragland, president of the American Soybean Association.
Credit-card spending falls again — Americans aren’t confident in the economy
https://www.marketwatch.com/story/uh-oh-credit-card-spending-falls-again-consumers-arent-confident-in-the-economy-c203af14
https://redd.it/1o26ui9
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https://www.marketwatch.com/story/uh-oh-credit-card-spending-falls-again-consumers-arent-confident-in-the-economy-c203af14
https://redd.it/1o26ui9
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MarketWatch
Credit-card spending falls again — Americans aren’t confident in the economy
Americans cut back on the use of credit cards in August in another sign of caution, as households grapple with stubborn inflation, a tougher job market and lingering economic uncertainty tied to U.S. tariffs.
America Is Minting Lots of Cash-Strapped Millionaires
https://www.bloomberg.com/news/features/2025-10-09/number-of-us-millionaires-grows-since-2017-but-many-lack-cash
https://redd.it/1o253t8
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https://www.bloomberg.com/news/features/2025-10-09/number-of-us-millionaires-grows-since-2017-but-many-lack-cash
https://redd.it/1o253t8
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Bloomberg.com
America Is Minting Lots of Cash-Strapped Millionaires
Millionaire households are on the rise, but much of their wealth is in hard-to-reach assets
Tariffs Are Way Up. Interest on Debt Tops $1 Trillion. And DOGE Didn’t Do Much.
https://www.wsj.com/economy/federal-budget-fiscal-2025-e8d21595?st=H99VvL&mod=wsjreddit
https://redd.it/1o2b8d6
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https://www.wsj.com/economy/federal-budget-fiscal-2025-e8d21595?st=H99VvL&mod=wsjreddit
https://redd.it/1o2b8d6
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The Wall Street Journal
Tariffs Are Way Up. Interest on Debt Tops $1 Trillion. And DOGE Didn’t Do Much.
The books have closed on the U.S. government’s fiscal 2025. Here’s what has changed about the federal budget—and what hasn’t.
Ken Griffin sounds alarm on de-dollarization as critics say U.S. is becoming a “third world country”
https://investorsobserver.com/news/stock-update/ken-griffin-sounds-alarm-on-de-dollarization-as-critics-say-u-s-is-becoming-a-third-world-country/
https://redd.it/1o2duym
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https://investorsobserver.com/news/stock-update/ken-griffin-sounds-alarm-on-de-dollarization-as-critics-say-u-s-is-becoming-a-third-world-country/
https://redd.it/1o2duym
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Investorsobserver
Ken Griffin sounds alarm on de-dollarization as critics say U.S. is becoming a “third world country” | Investorsobserver
Investors are quietly hedging against U.S. sovereign risk as America’s debt, inflation, and political dysfunction fuel fears of a fiscal reckoning
Five New Polls Show 70% of Americans Are Pessimistic on the Economy
https://mishtalk.com/economics/five-new-polls-show-70-of-americans-are-pessimistic-on-the-economy/
https://redd.it/1o29ary
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https://mishtalk.com/economics/five-new-polls-show-70-of-americans-are-pessimistic-on-the-economy/
https://redd.it/1o29ary
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MishTalk
Five New Polls Show 70% of Americans Are Pessimistic on the Economy
Independent polls by Pew, S&P, CBS, the WSJ, and Fannie Mae all say the same thing.
Roughly half of U.S. states are effectively in a recession and ‘hanging on by their fingertips,’ Moody’s chief economist says | Fortune
https://fortune.com/2025/10/09/america-feels-recession-state-dependent-income-cohort-moody-zandi/
https://redd.it/1o2hc66
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https://fortune.com/2025/10/09/america-feels-recession-state-dependent-income-cohort-moody-zandi/
https://redd.it/1o2hc66
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Fortune
Roughly half of U.S. states are effectively in a recession and ‘hanging on by their fingertips,’ Moody’s chief economist says |…
Moody’s chief economist, Mark Zandi, tells Fortune parts of America are already in recession, with 22 state economies contracting despite strong national GDP growth.
Trump’s Massive Argentina Bailout Set to Benefit One GOP Billionaire
https://finance.yahoo.com/news/trump-argentina-bailout-bessent-old-182939163.html
https://redd.it/1o2jki2
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https://finance.yahoo.com/news/trump-argentina-bailout-bessent-old-182939163.html
https://redd.it/1o2jki2
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Yahoo Finance
Trump’s Massive Argentina Bailout Set to Benefit One GOP Billionaire
Like everything else with this administration, Trump’s decision to extend a lifeline to Argentina involves corruption.
Donald Trump’s fortress economy is starting to hurt America
https://www.economist.com/leaders/2025/10/09/donald-trumps-fortress-economy-is-starting-to-hurt-america
https://redd.it/1o2j30n
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https://www.economist.com/leaders/2025/10/09/donald-trumps-fortress-economy-is-starting-to-hurt-america
https://redd.it/1o2j30n
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The Economist
Donald Trump’s fortress economy is starting to hurt America
The pain from trade and immigration restrictions cannot be postponed forever
US buys Argentine pesos, finalizes $20 billion currency swap
https://apnews.com/article/trump-bessent-argentina-milei-currency-swap-7432a188e57264f0e5f6c753ddc40879
https://redd.it/1o2ntyx
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https://apnews.com/article/trump-bessent-argentina-milei-currency-swap-7432a188e57264f0e5f6c753ddc40879
https://redd.it/1o2ntyx
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AP News
US buys Argentine pesos, finalizes $20 billion currency swap
The U.S. Treasury has purchased Argentine pesos and finalized a $20 billion currency swap with Argentina’s central bank.
US buys Argentine pesos, agrees to $20 billion swap line, Bessent says
https://www.reuters.com/world/americas/us-purchased-argentine-pesos-after-top-finance-officials-meeting-bessent-says-2025-10-09/
https://redd.it/1o2htp1
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https://www.reuters.com/world/americas/us-purchased-argentine-pesos-after-top-finance-officials-meeting-bessent-says-2025-10-09/
https://redd.it/1o2htp1
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Reuters
Trump boosts Argentina's Milei with $20 billion lifeline as US buys pesos
The U.S. Treasury's action made good on Trump's pledge to prop up the wobbling country and sent the peso and Argentine dollar bonds sharply higher.
Yuan has surpassed the US dollar to become the most used currency in China’s cross-border transactions. From 0% to 53% in the last 15 years.
https://redd.it/1o2s6qp
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https://redd.it/1o2s6qp
@r_econ
The Big Dollar Short Is Becoming a Pain Trade for Investors
https://finance.yahoo.com/news/big-dollar-short-turning-pain-000000191.html
https://redd.it/1o2volm
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https://finance.yahoo.com/news/big-dollar-short-turning-pain-000000191.html
https://redd.it/1o2volm
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Yahoo Finance
The Big Dollar Short Is Becoming a Pain Trade for Investors
The world’s primary reserve currency is around a two-month high even as the US government shutdown drags on, and traders in Asia and Europe say hedge funds are adding options bets that the rebound versus most major peers will extend into year-end. At the…
Trump’s Argentina Bailout Enriches One Well-Connected US Billionaire. A $20 billion US rescue package is a gift for a hedge fund manager with ties to Treasury Secretary Scott Bessent.
https://www.motherjones.com/politics/2025/09/trump-argentina-bailout-hedge-fund-billionaire-rob-citrone-scott-bessent
https://redd.it/1o31t42
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https://www.motherjones.com/politics/2025/09/trump-argentina-bailout-hedge-fund-billionaire-rob-citrone-scott-bessent
https://redd.it/1o31t42
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Mother Jones
Trump’s Argentina bailout enriches one well-connected US billionaire
A $20 billion US rescue package is a gift for a hedge fund manager with ties to Treasury Secretary Scott Bessent.
Trumps $20B aid to Argentina was a bailout for Scott Bessents billionaire pal
https://redd.it/1o32hap
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https://redd.it/1o32hap
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Trump Is Now One Of America’s Biggest Bitcoin Investors
https://go.forbes.com/cCkLDT
https://redd.it/1o32zxg
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https://go.forbes.com/cCkLDT
https://redd.it/1o32zxg
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Forbes
Trump Is Now One Of America’s Biggest Bitcoin Investors
Trump's crypto portfolio goes beyond World Liberty Financial and his memecoin—he’s also big into bitcoin. Will he use his presidency to boost its price to new heights?