Acid Breath - The Deal - 8th October 2025

Send us a text Day eight of the shutdown, no data, no scoreboard, just thunder over St Barts and my voice in the dark. The Philly Fed whispers life and the Fed’s month-old minutes somehow steal the show: dovish, nervous, and oddly triumphant. I talk about Stephen Miran’s population shocks: millions arriving, then vanishing, the beat that moves jobs and rents faster than the Fed can blink. I take you from Malta to Tokyo, from tariffs to the Kobayashi test, asking why America ...