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Blain’s Morning Porridge Oct 30th 2025 – What did the Korea Summit really mean for markets?
“Come not between the dragon and his wrath”
This morning’s meeting in Busan, Korea was short and sweet. Goal achieved - the global meltdown that would have followed a rare-earth embargo by China has been avoided. What is more interesting is how it could change the current power set-up in Washington as Scott Bessent and Marco Rubio increasingly takecentre stage.
Two events and One Big Question for Global Markets toconsider this morning:
What really happened in Busan, South Korea this morning?
What did the Fed tell us about the path of US interestrates?
What do they tell us about global power…
The skinny
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