Global Economic Monitor 251008

[World]

•   Markets: Stocks fall, S&P 500 ends lower after recent records; gold futures hit $4,000/oz

•   Markets: Trump Threatens No Back Pay for Shutdown’s Furloughed Workers

•   International: Global Trade Growth to Be Stronger Than Expected, WTO Says

•   US: Trump signals optimism on Canada trade but offers no concessions

•   US: Fed’s Balance Sheet Runoff in Focus as Bank Reserves Are Ebbing

•   US: Fed’s Kashkari Warns Drastic Rate Cuts Would Stoke Inflation

•   US: America’s Soybean Farmers Are Panicking Over the Loss of Chinese Buyers

•   US: White House Says Federal Workers’ Back Pay During Shutdown Isn’t Guaranteed

•   US: Americans have become more pessimistic about AI. Why?

•   Europe: EU Plans 50% Tariff on Excess Steel Imports in Bid to Tackle Overcapacity

•   Europe: Lagarde Sees Lasting Benefits in Strengthening Euro’s Foundation

•   Europe: Turns out economic data *does* matter for stock traders

•   Europe: France’s political crisis leaves budget plans in disarray

•   Europe: German Factory Orders Drop, Challenging Merz’s Recovery Push

•   Middle East & Africa: After Two Years of War, Israel Is Stronger—and More Isolated—Than Ever

•   Business: IEA Cuts US Renewable Growth Forecast in Half on Trump Policies

[Korea]

•   대통령실: 李 "간·쓸개 내주고 오해 받아도 국민 보탬되면 마다하지 않겠다"

•   기재위(진성준): 5년간 국세청 임직원 358명 징계…성접대·부정 셀프환급도 적발

•   기재부: 한국 내년 4월부터 세계국채지수 WGBI 편입 재확인

•   금융위, 금감원: 금융당국, 적기시정조치 저축은행 경영평가 돌입…한곳 유예종료

•   금융시장: 급등주 찍어준다는 '해외 주식 리딩방' 한 달 관찰기

•   부동산시장: "한강벨트 토허제 지정 기류에 … 노도강까지 달아오를 수도"

[Opinions]

•   Project Syndicate(Simon Johnson, Corey Klemmer): The Federal Reserve’s Other Problem

•   WSJ(Editorial Board): What Is the Price of Gold Telling Us?

•   FT(Editorial Board): Japan’s next PM needs Takanomics, not Abenomics

•   FT(Martin Wolf): Trump’s tariffs won’t deliver many jobs

•   FT(Mohamed El-Erian): What is happening in France may not stay in France

•   Bloomberg(Daniel Moss): Best Evidence Yet That the Dollar Isn’t Dead

•   Bloomberg(John Authers): Out of France, a Tale of Two Clichés