News Overnight
China’s National Bureau of Statistics (NBS) released inflation data on October 15, 2025, showing persistent deflationary pressures amid weak domestic demand, though with some signs of stabilisation in core metrics and producer prices. The data covers September 2025 and indicates consumer prices remained in negative territory year-over-year for the sixth consecutive month, while producer prices saw a moderated decline.
Latest FED’s Beige Book shows little change from previous report
Markets were quiet, watching latest Trump nonsense. No wonder Gold and Silver are going mad.
Breaking
US regulators poised to offer capital relief to community banks, Bloomberg News reports [Reuters]
Credit Suisse bondholder wipeout was unlawful, court rules [FT]
UK will be second-fastest-growing G7 economy, IMF predicts [BBC]
Trump needs emergency powers to protect US economy [NY Times]
IMF warns of rising odds of a ‘disorderly’ global market correction [MSN]
US Treasury arranging fresh $20bn in debt market support for Argentina [FT]
S&P 500 ends higher after strong bank earnings, chip stocks rally [Reuters]
For Free Subscribers
Bitcoin Update 16 October 2025
BTC can’t get higher even if equities are rallying. FOMO has loose money pouring into Silver and Gold.
For Paid Subscribers
Oil Update 16 October 2025
At last the trend seems to be in place for a move a lot lower. With Chinese economy still slowing and US economy only kept alive by AI spending, a big slowdown in oil consumption is coming, and the world is awash with it.