WeWork CMBS Cause Jitters, Bonds Hit Record Low

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter It’s so big: Soul searching in the Commercial Mortgage Backed Securities market. The $702 million in unsecured 7.875% bonds that WeWork issued in April last year traded at a record low on Friday afternoon, at 83 cents on the dollar, down 21% from 105 cents on the dollar six weeks ago … Read more

Hard Data Gets Put to the Test

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via knowledgeleaderscapital: United States and indeed global economic data have been weak – at least that is the unabated message from the PMI data that were released this week on both manufacturing and services. At this stage everyone knows the survey data, or “soft” data, are weak. The important question now is whether that weakness will … Read more

Orders of Heavy Trucks Collapse, Layoffs Start

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Fleets are nervous. The latest manufacturing and construction numbers are concerning. The trade issue with China looms.” Layoff decisions by heavy-truck manufacturers are trickling out. A couple of days ago, it was Daimler-owned Freightliner, which said in a statement to WBTV that it would “adjust its production output in line with lower market … Read more

CIA Coup Confirmed Against President Trump

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COUP: Brennan Calls on Republicans in Congress to ‘Abandon Trump’ and Oust Him From Office Former CIA Chief John Brennan is ramping up his attacks against President Trump after his first coup attempt using the Russian collusion canard failed. Brennan this week said Trump deserves to be ousted from office and called on Republicans in Congress to … Read more

The Market Begins Pricing In More Rate Cuts

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via UPFINA The S&P 500 fell over 1% in the minutes following the disappointing non-manufacturing ISM PMI report on Thursday. Unlike the reaction to the disappointing manufacturing PMI, stocks recovered quickly because the odds of rate cuts increased. This is yet another example of stocks rallying on bad news because the Fed can help it out. … Read more

Investors are paying a massive premium for stocks that have stable earnings growth & are perceived as safer investments (low vol). Returns are usually poor when crowding is this extreme.

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Investors are paying a massive premium for stocks that have stable earnings growth & are perceived as safer investments (low vol). Returns are usually poor when crowding is this extreme. pic.twitter.com/d2gzdJAJhr — Greg (@GS_CapSF) October 4, 2019 Goldman's' "current activity indicator" shows US economic growth of 1.3% for September, BUT .. .. if you took … Read more

BIAS BY OMISSION: Media Silent About Rep. Jerrold Nadler’s Sleazy Campaign Donations.

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via lidblog: The man who has been spending much of the last two years trying to impeach President Trump should be examining his own conduct.  According to a report in the NY Daily News published six months ago Congressman Jerrold Nadler received at least $65,000 in campaign donations “from the music industry and other intellectual property businesses that … Read more

Elderly Woman HARRASSED By Sick Antifa SPEAKS Out

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https://www.youtube.com/watch?v=ieKm4B8zRZU Amanda Prestagiacomo from The Daily Wire reports, Over the weekend, an elderly couple was harassed and blocked from crossing the street by far-left Antifa protestors outside a college in Canada. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/watch-…

Winning: Trump executive order to protect and improve Medicare; lowest unemployment rate in 50 years

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by Dr. Eowyn Yesterday, Oct. 3, 2019, while President Trump was in The Villages, Florida, he fired his first shot to counter Bernie Sanders and other Democrats’ socialist scheme of “Medicare for all”. See “$16.2 trillion tax hikes to fund millionaire-socialist Bernie Sanders’ Medicare For All plan” Trump warned: “Medicare is under threat like never … Read more

CVS stops selling OTC heartburn drug Zantac over cancer fears

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by Dr. Eowyn Already, it is inadvisable to take Prilosec and Nexium, both prescription meds, for acid-reflux or heartburn because the FDA found a suspected link between the two drugs and cardiac trouble. Prilosec and Nexium can also raise your risk of pneumonia, bone loss, and bone fracture. See “8 drugs doctors won’t take“. Now, it appears that … Read more