November may be an in-between month. It will be a month of limited monetary policy actions and a period of heightened geopolitical tensions. Fiscal policy may be more interesting, with a Japanese supplemental budget, more measures expected from China, and a debate in Europe over the re-implementation of the Stability and Growth Agreement. In the US, the drama that played out in the House of Representatives could still leave the federal government with insufficient spending authority. In light of recent geopolitical developments, Ray Dalio of Bridgewater was quoted suggesting that the odds of a world war were near
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