TSA: Thanksgiving Travel Will Be Unprecedented, Busiest Season On Record Expected

NEW YORK (CBSNewYork) — Travel experts are already predicting the busiest Thanksgiving season at the airport on record. This year’s holiday is also expected to last longer than normal, CBS2’s Natalie Duddridge reported Tuesday. The lineups at LaGuardia Airport are still calm, but in just over a week it will be mobbed. The Transportation Security Administration … Read more

The Election’s Finally Over. Now Things Can Go Back To “Normal”: Rising Interest Rates, Rising Debt, Rising Volatility

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter As contentious as the US midterm elections were, there was never a scenario in which they mattered. Any possible configuration of Republicans and Democrats in the House and Senate would have yielded pretty much the same set of economic policies going forward: Ever-higher debt, upward trending interest rates and (through the … Read more

This could be the first quarter since Q4 2016 in which the revenues beat rate is below 50% and 64% of companies guiding down.

After 239 companies have reported, the revenues beat rate is at 47%. If current results hold, this could be the first quarter since Q4 2016 in which the revenues beat rate is below 50%. pic.twitter.com/yimtX9EQKg — Jim Bianco (@biancoresearch) November 6, 2018 With Earnings Season Nearly Over 60% Of Companies Have Missed On The Top … Read more

CNN’s Van Jones, “This is Heartbreaking” . . . Good Morning Meltdowns

Calling the decision of citizens heartbreaking is fueling hate. When you’re done point your hypocritical finger at the President. So much for “non-biased reporting” lol Notice how Republicans are NOT blaming their loss on Russia? And they are NOT filling the streets to block traffic, riot, and vandalize in “peaceful protest.”   h/t CrsCrpr

TODAY — Stunning storm of sand in Australia!

https://www.youtube.com/watch?v=8HsjfTCoiFc https://www.9news.com.au/2018/11/07/12/06/nsw-dust-storm-amazing-images-as-sand-cloud-sweeps-through https://www.news.com.au/technology/environment/dust-descends-on-nsw-droughthit-farmers/news-story/405589f3ee26ea9633b8049bcd4d9598 DROUGHT-HIT western NSW farmers have now had to contend with a horrendous dust storm rolling across the region. The walls of dust descended on Tuesday ahead of thunderstorms which brought between five and 15mm of rain, providing some relief for graziers but well short of drought-breaking falls. Louise Turner, who runs a … Read more

Nomi Prins: Fed To Pass On A Rate Hike In December, And Will Hike Two Times In 2019

Nomi Prins interviewed by Chris Blasi on the Great Reset Opportunity Report Nomi Prins join Chris Blasi on The Great Reset Opportunity Report to discuss her new release Collusion as well as current geopolitical and macroeconomic issues.  In this interview Nomi makes the case that central bankers have been rigging markets for the sake of the bankers at the … Read more

GOP maintains control of Senate; great news for the “conservative judicial train”

by DCG Last night the GOP likely extended (at the time I scheduled this blog post) its majority in the Senate. Key republican wins included: Mike Braun in Indiana Kevin Cramer defeated Heidi Heitkamp (who voted against Kavanaugh) in North Dakota Marsha Blackburn in Tennessee Josh Hawley defeated Claire McCaskill in Missouri Rick Scott in … Read more

Kass: A Divided Nation We Stand

by Lance Roberts “As societies grow decadent, the language grows decadent, too. Words are used to disguise, not to illuminate, action: you liberate a city by destroying it, Words are to confuse, so at election time people will solemnly vote against their interests.” – Gore Vidal * Conventional and consensus wisdom – regarding the election outcome … Read more

This SHOCK ANNOUNCEMENT Collapses Confidence & Trust In Australia’s Financial System

by John Adams from Adams Economics Australians John Adams and Martin North discuss the shock announcement by the Australian Government to re-appointment globalist regulator Wayne Byres (who previously served at the Bank for International Settlements) to a new 5 year term as Chairman of the Australian Prudential Regulation Authority (i.e. the regulator of the Banks) despite being exposed … Read more

Is the stock market’s rally “all good to go”?

by Troy The S&P 500 is just under its 200 dma. Let’s determine the stock market’s most probable direction by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market going up on any given day, week, or month. *Probability ≠ certainty. The stock market’s breadth has mean-reverted The stock market’s breadth has … Read more

The Midterm Elections

by Martin Armstrong The computer was correct. There was no Blue Wave. The real interesting aspect is it appears we may have a Bearish Reversal elected in the Senate for the Democrats. While the Democrats won the House, they did not elect any Bullish Reversal and in fact, they may have continued the downtrend with winning … Read more

America’s halfway house

via Michael Roberts: The mid-term Congressional elections saw a swing to the opposition Democrats in the Lower House and the Republicans were ousted as the majority party.  This is a blow to President Trump who mounted a campaign based on fear of immigrant caravans flooding into the US from Latin America and supposed rising crime provoked … Read more

A risky resurgence? Leveraged finance has doubled in size since the Great Financial Crisis, debt costs…

A risky resurgence? Leveraged finance has doubled in size since the Great Financial Crisis, but vulnerabilities may arise with the normalisation of monetary policy #LeveragedLoans https://t.co/GE9d9Ag8iX pic.twitter.com/p8xrmX1DHR — Bank for International Settlements (@BIS_org) November 7, 2018 US debt costs continue their Gridlock or Not, US debt problem is real and growing, BBG writes. The annualized … Read more

“Mind-Blowing” & “Utterly Screwed” – This Has Never Happened Before

Authored by Sven Henrich via NorthmanTrader.com, We’re in one of the longest economic expansion cycles in history and nobody’s happy. It’s mind blowing. You’d think 2018 would have people dancing in the streets. 3.7% unemployment, record stock market prices. Well the ladder until recently that is. So let me rephrase: What happens if you have record … Read more

Moral bankruptcy may be one of the quickest preludes to Chapter 11.

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter It may be that moral bankruptcy is one of the quickest preludes to Chapter 11. Wolf here: On August 6, about two months before Mattress Firm filed for Chapter 11 bankruptcy, I published my expose: “Mattress Firm Considers Bankruptcy to Get Out of its Real Estate Scams. This is so thick it’s hard … Read more

“We’re Very Sorry”: 545 Families Lose Homes Due to Wells Fargo “Internal Error”

via Yahoo: (Reuters) – Wells Fargo & Co <WFC.N> said on Tuesday an internal underwriting error had caused it to reject home loan modifications, resulting in the bank foreclosing more homes than expected. The bank said in a filing with regulators that an expanded review found that 870 customers were incorrectly denied mortgage changes, leading … Read more