* US government still heading for a shutdown at end of September
* United Auto Workers union launches strike against Big Three automakers
* China reports signs of modest but fragile economic recovery in late-summer
* Oil prices rise above $90 a barrel for first time in 2023
* Current 2%-plus real yields for TIPS still look attractive
* 4-week average of US jobless claims falls to lowest level in 7 months
* Wholesale US inflation accelerated in August after historically slow pace
* US retail sales rise more than expected in August:

Ray Dalio likes cash… “temporarily”. The founder of Bridgewater Associates says “I don’t want to own debt, you know, bonds and those kinds of things.” Speaking at the Milken Institute Asia Summit in Singapore on Thursday he advises: “Temporarily, right now, cash I think is good … and the interest rates are fine. I don’t think [it] will be sustained that way.”