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Germany's wind turbines have a capacity of 30%, the people are not getting the energy. [KH] back tracks on the black entrepreneurship promise and says everyone will get it. The fake news is helping Trump make his point on tariffs and his economic plan. The [DS] has used [KH] and a stepping stone, they have now set it up so people can see she cannot function as President. Will she become acting President. Obama and Biden caught speaking to each at funeral, did they just plan on replacing [KH] with either [MO] or [HRC]. Will this be the October surprise, we have come full circle. It's time to take it all back. Justice is coming.

 

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Economy

https://twitter.com/disclosetv/status/1846845353510764744



ECB set for second straight rate cut as economy stagnates 




 The European Central Bank is likely to lower interest rates again on Thursday, arguing inflation in the euro zone is now increasingly under control and the economy is stagnating.
The first back-to-back rate cut in 13 years would mark a shift in focus for the euro zone’s central bank from bringing down inflation to protecting economic growth, which has lagged far behind that of the United States for two years straight.
The latest economic data is likely to have tilted the balance within the ECB in favour of a rate cut, with business activity and sentiment surveys as well as the inflation reading for September all coming in slightly lower than expected.


Source: kfgo.com 


Harris Campaign Backpedals From Economic Agenda For Black Men Days After Releasing It 





Just days after unveiling an economic agenda specifically aimed at black men, Vice President Kamala Harris’s campaign said Wednesday that the initiative will now be open to all Americans, The Wall Street Journal reported.
Harris’s campaign claimed that the initiative will be open for all days after Harris’s campaign announced the “Opportunity Agenda for Black Men,” designed to bolster support among a demographic for the Democratic Party, according to the WSJ. This initiative featured a pledge to extend “1 million fully forgivable loans to Black entrepreneurs and others to start businesses,” 

Source: dailycaller.com




Retail Sales 'Reality Check': This Was The Biggest Positive September Seasonal-Adjustment Ever! 





As we warned in our preview last night, the almost omniscient folk at BofA warned, 'brace' for a blowout retail sales print this morning, forecasting a huge 0.8% MoM rise in spending (well above the 0.2% consensus) all due to seasonal adjustments.



 

Source: Bloomberg

On an unadjusted basis, Retail sales fell a shocking 7.5% MoM...



Source: Bloomberg

 

In case it's hard to see above... how do you know it's an election year (and Dem support is waning over a bifurcated economy or haves and have-nothings)...



 

Spending at Gas stations and Furniture Stores fell on a MoM basis while Food Services and Food & Beverage Stores spending jumped most...

On an unadjusted basis, retail sales were flat (0.0%) YoY which means (roughly speaking) real retail sales were down notably on a YoY basis...

So, take your pick - is retail spending 'hot' or is inflation eating into personal incomes more than many think?

Source: zerohedge.com


Home-Purchase Demand Destruction Accelerates, Prices Too High, Buyers’ Strike Deepens: Sales of Existing Homes Head for Worst Year since 1995 




Too-high prices destroy demand. Everyone knows that. Lower prices would bring out demand.