UK, Dutch talking 'Exit tax' / China : 500bn Yuan / French budget / Milton 'eases' / US CPI next / VOLS

France’s minority government set to present make-or-break austerity budget (today)
China's central bank said on Thursday it would start accepting applications from financial institutions to join a newly created funding scheme, initially worth 500 billion yuan, to aid the capital market.
FOMC minutes indicated significant resistance to the eventual decision to ease 50bps, last week's data changed sentiment, down to less than 50bps priced in for 2024
U.S Federal Deficit hits $1.8rn for 2024, CBO >>> that's about 6.4% of GDP
UK Should Tax Wealthy Exiting the Country, Economists Say, Dutch parliament in favor of an exit tax for wealthy nationals - too many heading to Dubai, CH or Portugal etc
Chip war: China claims breakthrough in silicon photonics that could clear technical hurdle. A Wuhan-based lab has announced a ‘milestone’ that could help China overcome restraints imposed by traditional chip-design technology
Wondering why U.S employment holds strong ?...The number of people working MULTIPLE jobs in the US hit 8.66 million in September, a new record
Robeco Monthly Outlook – Gold is back as an asset class
GM (and most others) is walking a tightrope between gas and electric cars
European Union countries have given their green light to an unprecedented plan to issue a €35 billion loan for Ukraine using the immobilised assets of Russia's Central Bank as collateral
Germany's economy is now projected to shrink for the 2nd consecutive year, DAX ATH's >>> market liquidities overall supporting US markets, no FOMC minutes surprise, China adding liquidities overnight, all seems like a one way traffic, even geopolitics not worrying anyone (lower crude is actually stimulating growth too) >>> YET, we would clearly keep an eye on VOLS (eq vols VIX, bond vols MOVE and even FX vols), they are ALL firmer into year-end, CLEARLY huge amount/plenty of positions being hedged