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T&Q Evening Edition |
The Unstable Genius of China & The Genius Play of Stablecoins |
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Halloween brought a surprisingly calm close to a tumultuous October. Markets clawed back early losses as Amazon's blockbuster results reignited faith in tech's earnings power, offsetting Powell's cautious tone from midweek. The Dow finished slightly higher, the S&P 500 added around a quarter percent, and the Nasdaq outperformed on renewed enthusiasm for cloud and AI plays. Amazon's 16% AWS growth was the headline story… not just for one company, but for what it signaled about AI capex paying real dividends. The mood was steady, not euphoric: traders were still watching yields hover near 4.1% and the dollar firm up after the Fed's "cut but pause" message. |
The delayed PCE inflation report loomed large but didn't arrive in time to test the market's fragile optimism. Instead, positioning into November reflected quiet recalibration. Gold eased slightly as risk appetite improved, oil firmed above $60, and breadth remained narrow and a reminder that leadership is still top-heavy and the "AI plus energy" trade dominates. The day confirmed two things: Powell's fog hasn't lifted, but investors are learning to drive through it. October ended without clarity, but with composure, and in this market, that's progress enough. |
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Most People Will Miss the Biggest Crypto Window of the Decade |
Every cycle, the same thing happens. |
A handful of investors spot the signal — and everyone else realizes it too late. |
This time, the signal's already flashing green. |
✓ Fed rate cuts = liquidity surge
✓ 90+ altcoin ETFs about to launch
✓ Institutional money pouring in |
Q4 has always been crypto's "money season"… but 2025 could dwarf them all. |
Altcoins have historically outperformed Bitcoin by up to 10x during runs like this — and the window is closing fast. |
If you sit this one out, you might spend years watching others cash in on what you ignored. |
Before it's too late, see the exact altcoins smart money is quietly buying inside The Crypto Bull Run Millionaire Blueprint. |
You won't get a second chance at a setup like this. |
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China's Fatal Flaw Isn't The Slowdown… It's The System That Can't Admit It |
Foreign Affairs' new essay by Lizzi Lee tackles a growing paradox inside China's economy: a regime built on control now finds that control is its biggest liability. The piece argues that China's post-COVID malaise isn't just about property or exports… It's about a political model that smothers transparency and incentives at every level. When bad data can't be spoken and failure can't be acknowledged, the result isn't stability but stagnation. |
Lee traces how Beijing's obsession with centralized direction has hollowed out innovation and accountability, leaving state firms fat and private ones wary. The model worked in the growth years because the tide lifted everything; now that it's ebbing, the absence of local autonomy and risk-taking shows. Even attempts at stimulus loop back into bureaucracy: credit meant to spur consumers ends up inflating state budgets instead. |
For global investors, it's a reminder that China's "reopening story" has structural brakes. The issue isn't whether Beijing wants growth but it's whether the system can tolerate what real growth requires. As the essay puts it, "A country can't fix what it won't measure." It's a diagnosis worth diving into. |
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The Genius Of Stablecoins Isn't In Stability But In The System They Quietly Replace |
In this episode of MacroVoices, Brent Johnson returns to unpack a concept that's been floating through macro circles all year: stablecoins as a shadow extension of the dollar. His argument flips the usual crypto narrative. Stablecoins aren't a rebellion against fiat… They're a workaround that gives the dollar new reach, especially where banking rails are fragile or sanctions bite. Every tether minted or USDC transfer, Johnson says, strengthens the dollar's gravitational pull rather than diluting it. |
That "genius" lies in how these coins merge crypto plumbing with traditional credit mechanics. Instead of challenging central banks, they're evolving into a parallel settlement layer that's faster, global, and quietly dollar-dominant. Johnson notes that stablecoins now move hundreds of billions weekly, rivaling SWIFT volumes in emerging markets, and argues that they've become an informal U.S. export: liquidity without permission. |
The irony, he adds, is that Washington still treats them as a regulatory nuisance rather than a strategic asset. If policy ever embraced them, the U.S. could cement financial influence for another generation. Ignore the "crypto winter" jokes, this episode argues that the real digital dollar revolution isn't coming; it's already built, and it runs on stablecoins. |
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Trump's Exec Order #14154 — A "Millionaire-Maker" |
Donald Trump has cheated death. |
He's overcome insane and criminal vote rigging. |
And survived every indictment and impeachment thrown at him. |
But his next move could make him a legend – and perhaps the most popular president in U.S. History. |
Former Presidential Advisor, Jim Rickards says, "Trump is on the verge of accomplishing something no President has ever done before." |
And if he's successful, it could kick off one of the greatest wealth booms in history. |
We recently sat down with Rickards to capture all the key details on tape. |
For the moment, you can watch this interview free of charge – just click here. |
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Over the weekend, investors will be parsing the direction from this week's delayed releases, tech earnings, and central-bank messaging. The Fed's cautious stance, combined with lingering macro uncertainty and narrow leadership, leaves the market in a "wait" mode rather than a "run" mode. |
Come Monday, the docket is light at first but builds into a potentially volatile week. Key items include early-week manufacturing data, potential central-bank commentary, and the ongoing tech earnings fallout. The question hanging over the market: Will leadership broaden beyond mega-caps? Will macro data validate or challenge the "soft landing" narrative? Will global policy divergence return to center stage? |
The next leg depends on whether what happens next week confirms conviction or forces caution. |
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