10/17/2025
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Trump “Worked Magic” On Beef Deal – Likely With Argentina – As Cattle Futures
Surge Most Since 1978
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U.S. cattle futures are on track for their largest year-to-date gain since
1978 amid an ongoing beef cow shortage. The shortage has driven prices for
feedlot cattle to record highs, with charts resembling those of gold or silver,
and pushed USDA ground beef prices at supermarkets to record highs. Although
Goldman has noted that the […]
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Measure Assets In Gold, Not Dollars
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Via SchiffGold.com, A new round of tariff announcements from the Trump
administration sent markets reeling, with gold dropping briefly only to soar
back to new record highs above $4300 today, signaling collective doubt in the
system itself as investors rush to protect themselves with hard assets.
Collectively, markets are reaffirming gold’s role at the center […]
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Novo Shares Drop After Trump Promises “Much Lower” Ozempic Prices
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Novo Nordisk A/S shares in Copenhagen appear to be experiencing yet another
dead cat bounce following last month’s surge. That’s because President Trump
told reporters late Thursday that GLP-1 drugs like Novo’s Ozempic, which
currently costs about $1,000 per month, could soon cost “$150 out of pocket.”
Bad news for Goldman analysts, who have been Novo’s […]
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Democrats’ Newfound Love for the Filibuster
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Despite their willingness to exempt a bill from the 60-vote threshold in the
past, Democrats are now using the filibuster to their advantage. As of today,
they have 10 times denied 60 votes to the House of Representatives’ stopgap
funding bill that would reopen the government. And they’re saying they’re not
done yet. “I feel […]
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“We Import Poverty” – Italian Newspaper Argues That Foreigners Are
Impoverishing Italy After New Data Published
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Via Remix News, New data shows that foreigners account for a substantial share
of people living in absolute poverty in Italy, even as the poverty rates of
families with two Italian parents drops. One director of La Verita newspaper,
Maurizio Belpietro, has run an opinion piece in his newspaper lamenting that
Italy is “importing poverty.” […]
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