Economic warning signs are flashing across everything from groceries and fast food to housing, energy and the global bond market. In this episode of Divulgence, we look at the pressures piling up on consumers as Wendy’s faces major franchise troubles, McDonald’s responds to soaring beef prices, another Walmart food recall adds to growing safety concerns, and nearly half of young Americans are still living with their parents.
We also examine the surge in Treasury yields and borrowing costs, the changing economics of renting versus buying a home, and why soaring diesel prices could soon work their way through the food supply chain—potentially hitting consumers just in time for Thanksgiving. Meanwhile, worldwide debt has climbed beyond $365 trillion as governments confront increasingly expensive borrowing.
Outside the economy, another senior FBI official is reportedly preparing to leave amid continued leadership turnover, Democrats are laying groundwork for potential investigations if they regain control of the House, and the Netherlands has reported the first death of a child under 12 under its expanded euthanasia rules.
Finally, we turn back to the Iran War, where new information has emerged about eight U.S. Marines injured when an Iranian anti-ship cruise missile struck their vessel in the Strait of Hormuz. The Pentagon did not publicly announce the September 14 attack at the time, potentially providing an explanation for Marines who had recently appeared in the military’s casualty database without a publicly known incident attached to their injuries.
All of that and more on this episode of Divulgence.
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