Notes today: "some" of the current problems.

• The S&P 500 fell 2% as fears over a government shutdown grew following the refusal by Senate Republicans (head in sand)
  of a debt-ceiling suspension. 
• The Nasdaq 100 had its worst day since March and the Dow Jones followed suit. 

• The world economy is facing inflation from surging energy prices at 3 year high. 
• Natural Gas at 7 year high. 
• Cotton above a buck. 
• Oats (they know) all-time high. 

• German import prices rose by 16.5% YoY in August most since the 1980s, after 15% in July, 12.9% in June, 11.8% in May.. Natural gas jumped a whiopping 177.5% in Aug & oil by 63.6%.

• China is literally out of gas (energy is being rationed) while they are sitting on millions of unsold apartments. 

• 10-year treasuries up 1.55%. Liquidity may be less plentiful sooner than anticipated. 

• The recovery is slowing due to the ongoing pandemic. 

• Yellen told Congress that unless the debt ceiling is lifted, the U.S. will effectively be out of cash by Oct. 18. Republicans (head in sand) are “now” of course united in opposing a  lifting of the ceiling. 

• Senator Elizabeth Warren opposes a new term for Jerome Powell calling the Fed leader a “dangerous man.” 

• Is Biden’s $3.5 trillion economic agenda alive?  when and by how much?
• In deep red West Virginia, Biden’s $3.5tn spending proposal is immensely popular. Are you paying attention Manchin? 

• Voter protections appear to be fading away...

So that no one gets depressed I’m ignoring  other current problems.😏