Early Turnout in Favor of Republicans in Key Battleground States as the Blue Wave Turns Purple

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By Bob Shanahan Nate Silver’s FiveThirtyEight puts the chances of the Democrats winning back the House of Representatives today at 88 percent. RealClearPolitics calculates that the Democrats will pick up 27 House seats. The Cook Political Report’s David Wasserman said the most likely outcome today is the Democrats picking up well above the 23 seats … Read more

Europe Unemployment at 8.1% – The Economic Death Spiral of the EU

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by Martin Armstrong   The latest data from Euro Stat for September 2018 demonstrates the complete failure of the ECB and its Quantitative Easing. The Euro area (EA19) seasonally-adjusted unemployment rate came in at 8.1% in September 2018, which was down slightly from the year/year perspective of about 8.9%. This above all proves that the entire … Read more

Fun Facts: Markets Increasingly Worrying

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by Chris Here’s a fun Tweet: David Rosenberg @EconguyRosie Word to the wise. We have endured two 10% corrections in the same year for all three major averages. This has only happened in 1973, 1974, 1987, 2000, 2001, 2002 and 2008. All but 1987 signalled recession, but that wasn’t a pretty picture either. Also Libor … Read more

Great Job, Great Family, Great House…and a Coming Lifetime of Student Debt Servitude

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The student loan default rate more than doubled between 2003 and 2011, and 40 percent of borrowers are expected to fall behind on their loans by 2023. “It’s going to be very consequential for the future of the country,” says Barmak Nassirian, director of federal relations at the American Association of State Colleges and Universities. … Read more

Goldman Sachs: Inflation Is the Real Risk, Fed Should Raise Rates at Least 5 More Times

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via yahoo: Goldman Sachs is worried that inflation could rise faster than expected, and urged policymakers to take action to avoid “a dangerous overheating.” Their recommendation: five more 25 basis point hikes before assessing whether further hikes are necessary. The U.S. economy showed no sign of slowing in October, as Friday’s jobs report showed payrolls growing … Read more

American Dream Re-Collapses: US Housing Least Affordable In A Decade

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Authored by Mike Shedlock via MishTalk, It takes 23.6% of median income to make the monthly payment on the average-priced home. In it’s latest report, the Black Knight Mortgage Monitor confuses affordability with payment stress and fails to make an apples-to-apples comparison when determining homes are “more affordable” today than in the period 1995-2003. Nonetheless, the report … Read more

America’s Middle Class is Vanishing. Nearly Half of Workers Earn Less than $30,000

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by howmuch The U.S. economy is booming. Republicans think President Trump deserves much of the credit for cutting business and individual tax rates combined with a deregulation agenda. And Democrats believe former President Obama rightfully deserves ownership for America’s recovery. Regardless of who gets credit, our newest visualization of net compensation levels for American workers demonstrates that the economy is … Read more

After midterm election, focus on the ‘healthy’ 30%-plus correction headed for stocks

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via Marketwatch: Election Day is finally here, and investors should be ready, given that barely a stone has been left unturned with regards to potential outcomes. While history shows midterms haven’t really carried much weight, at least in the immediate term, “given amount of controversy we have around this government, these elections for the first … Read more

LATEST POLL: Suggesting Possible Silent Red Wave forming for 2018 Midterm Elections

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It looks like it’s going to be a 46-54 minimum! ARIZONA🔴41% (+7)🔵34% FLORIDA🔴41% (+1)🔵40% GEORGIA🔴50% (+6)🔵44% INDIANA🔴56% (21!)🔵35% MONTANA🔴47% (+18)🔵29% NEVADA🔵42% (+4)🔴38% TENNESSEE🔴63% (+34!!)🔵29% TEXAS🔴53% (+14)🔵39% View @targetsmart/@nbcnews https://t.co/3yJoxmyplm pic.twitter.com/qavZ9wUDGA — Political Polls (@PpollingNumbers) November 6, 2018 h/t JADR

Your AM Global Stocks Preview and a whole lot more news that you need to read: Ahead of US midterm elections results, global stocks are edging down.

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by QuantalyticsResearch US Stocks Happy Election Day!  As Americans go to the Polls to vote, Global stocks are edging down on the final day of “election uncertainty US Index futures are pointing to a negative open to the start of trading in NY with the Dow Jones minis –0.24%, S&P500 minis –0.26% and Nasdaq 100 minis –0.37% The ratio … Read more

Fund Manager: Tesla’s Bag Of Halloween Tricks

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by Dave Kranzler of Investment Research Dynamics I have not had a chance to scour the 10-Q, which was finally filed this morning. GM and Ford are 7-8x larger than Tesla in terms of revenues and 40-50x larger in terms of number of vehicles sold worldwide.  Those two companies file their 10-Q almost immediately after filing the quarterly … Read more

It’s so important for everyone to vote – there’s a lot at stake if we lose:

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-Nancy Pelosi Speaker of the House -Adam Schiff takeover the House Intelligence Committees Investigations -Maxine Waters in charge of country’s finances, House Committee of Financial Services The Still Report brings up so many good points that “Republicans will out perform the polling”. MSM reports and polling are all favorable to the Dems, even reporting that … Read more

OOPS: MSNBC accidentally shows false results of election that has not happened in Florida showing socialist Gillum in slight lead

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  Looking. Here’s the Deadline article. https://deadline.com/2018/11/msnbc-graphic-mistake-florida-governor-race-1202496555/ Doesn’t this count as vote manipulation? Throw the book at em “Quick clarification here,” a rather embarrassed All In host Chris Hayes told viewers. “Just want to say, earlier this hour, uh, we showed a graphic of the Florida gubernatorial race. May have caught your eye because our system had inadvertently … Read more