WAGES SLOW, ANOTHER REASON FED SHOULDN’T HIKE

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: * Wages slowed a bit in September, and now Atlanta Fed sees Q4 GDP at 2.6%. * With wages, GDP, and even inflation slowing, how can Fed hike? * Bolsonaro wins in Brazil.  But the Bovespa may already have that priced in. * Q3 2018...

TRUMP THINKS TAX RECEIPTS AREN’T DOWN ENOUGH?

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: * U.S. Tax Receipts picked up in October, but only due to a surge in excise taxes (tariffs?). * Trump says they are looking at a further cut to income taxes? * Chicago Fed National Activity Index slowed in October. * Italy tries...

GLOBAL THUGGERY

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: * We still can’t find a place to put money to work outside the U.S. * U.S. Retail Sales slowed, but it appears there were hurricane disruptions. * NY Fed Manufacturing Index improved in October. * Business Inventories increased...

MANUFACTURING SLOWS FURTHER IN CHINA

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: * Manufacturing is clearly slowing in China, so much so that even the government admits it. * But China Service PMI is up?  We’ll wait to see what Caixin has to say about that. * Prices are rising in both China’s Mfg. and Svcs...
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