Goldman Sachs on Housing Slowdown

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via  Bill McBride A few brief excerpts from a Goldman Sachs research note today: The Housing Slowdown The most likely drivers of the slowdown are higher interest rates and tax reform. CR Note: We discussed these two key headwinds at the beginning of the year. Goldman Sachs economists estimate that two-thirds of the recent slowdown is … Read more

The Fed Crying Has Begun

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by northmantrader So stocks dropped a little in October. Ok they actually dropped a lot and all of a sudden the S&P 500 was miles away from the all those optimistic 3,000+ year end targets. And what happens when stocks drop hard? Bulls cry for the Fed to come to the rescue. It was quite the … Read more

CIVIL RIGHTS UPDATE: New York Lawmakers Drafting Bill That Would Allow Social Media Checks Before Gun Purchase.

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via wcbs880:  Two New York lawmakers are working to draft a bill that would propose a social media check before a gun purchase. Brooklyn Borough President Eric Adams and state Sen. Kevin Palmer’s proposal would allow authorities to review three years of social media history and one year of internet search history of any person … Read more

Spanish Prosecutor Demand 25 Years in Prison for Catalonia Politicians for Advocating Independence

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by Martin Armstrong The Spanish prosecutor wants to send the politicians of the Catalan independence movement to prison for 25 years. The prosecutor has demanded that the former Deputy Regional President Oriol Junqueras should effectively die in prison. The absurdity of what is going on in Spain reflects that there is no democracy still standing. Dictatorships … Read more

Will this Scheduled Bloodbath in Corporate Debt Deter the Fed?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The path to a somewhat “normalized” interest rate environment, after a decade of central bank emergency measures and credit-market manipulations, is not going to be pretty. And in some areas, a credit bloodbath has been scheduled. But will it deter the Fed? (12 minutes)

Did “Octobear” Pull Rug Out From Under Bull?

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by Dana Lyons Big down months off of highs have led to bear markets in the past. Everything was going just fine for investors at the end of September (well, maybe not under the surface). The major averages closed right near all-time highs, just in time for quarterly 401(k) statements. Then October happened and, well, you know…a … Read more

A RED WAVE [& TRIBUNALS] IS COMING! EARLY VOTING #MIDTERM TOTALS POINT TO TREMENDOUS REPUBLICAN VICTORY ON NOVEMBER 6, 2018

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https://www.youtube.com/watch?v=RCiYSEF6Cgo A RED WAVE [& TRIBUNALS] IS COMING — Dr. Dave Janda Politico: Democrats traumatized by 2016 are having pre-midterms nightmares On the eve of the midterms, President Donald Trump’s approval is falling, young voters are energized, and Republicans look poised to lose their House majority. It’s enough to make Democrats nervous, miserable wrecks. Haunted … Read more

China: Service sector growth slowed sharply in October, Luxury sales slowdown reflects waning Chinese buying power, Investors are bracing for more debt defaults….

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Service sector growth slowed sharply in October, confirming the US trade war is hitting the Chinese economy hard, and sooner than most expected The Chinese service sector continued to grow in October, but at a much slower pace than in the previous month, hitting a 13-month low, data from financial news outlet Caixin showed. The … Read more

State of the U.S. economy in November 2018

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by Troy The stock market and economy move in the same direction over the medium-long term. That’s why it’s extremely important to understand the state of a nation’s economy. Is the economic data improving or deteriorating? Let’s take a look at U.S. economic data as of the end of October 2018. Unemployment The Unemployment Rate continues to … Read more

In California, Really? Maybe Trump Is Transcending America!

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Interesting beginning to Ca voting. Would be wonderful to see that state free itself from the destructive, nihilistic policies of the lunatic Left. The mass emigration of taxpayers and businesses alone give pause to reconsider re election more of the same, let alone that state’s massive and growing debt… https://www.youtube.com/watch?v=ZYE63xsMNUc New job growth report shatters … Read more

The Next Big Market Risk: Here Comes A Sharp Slowdown In Stock Buybacks

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This article was originally published at Zero Hedge Stock buybacks may be back as blackout session ends, but suddenly companies’ appetite to repurchase their own shares appears to be slowing sharply. After an initial record surge in the amount of US corporate cash repatriated from offshore jurisdictions (if only for accounting purposes, as the bulk of … Read more

Voters already streaming to polls in record numbers… Most diverse groups of candidates ever

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WASHINGTON — Voters across the country have been crowding into polling places and mailing in ballots in numbers rarely seen in an off-year election. In some states, more people are on track to cast ballots in early voting than in the entire election in 2014. In Texas, one such state, hundreds of thousands of new voters … Read more

OBAMA UNHINGED: Mocks Hillary’s emails, Ebola, Trump, migrant caravan — in under 90 seconds! Stammering, sweating, arms swinging…

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This short clip of Obama has it all: – Mocks Ebola outbreak that killed thousands– Mocks press for caring about Hillary's e-mails.– Mocks Trump for cell phone use– Says "a bunch of poor refugees" not a threat– Says Trump moving troops to border is "a political stunt" Wow pic.twitter.com/rn9qqxUUeP — Benny Johnson (@bennyjohnson) November 2, … Read more