Guilded News EP12

Episode Notes:

The global economy is pulling in opposite directions — and most people haven't noticed.

Divergence 1 — Two-Speed Economy: China posted its highest inflation in 37 months (1.3% CPI) while factories are still deflating (PPI -0.9%). Two economies running inside one country. Land sales down 30%. Unsold homes being converted to subsidized housing.

Divergence 2 — The Debt Paradox: Wall Street pushed $73 billion in bond deals in one week — including the $55 billion EA buyout, the largest LBO in history — while BlackRock gated a $26 billion private credit fund. Who can borrow and who can't is the credit story of 2026.

Divergence 3 — The Fed's Impossible Number: Tomorrow's CPI is the last clean reading before the Iran oil shock hits. With jobs at -92K, the Fed meets in 8 days. The baseline ...