Saturday , October 31 2020
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The author Mike Shedlock
Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Mish’s Global Economic

Senate Votes Postponed for Two Weeks: What are the Implications?

Confirmation Hearings for Amy Coney Barrett Will Go AheadThree Republican Senators who attended a White House rose Garden party for Trump's Supreme Court nominee Amy Coney Barrett have contracted Covid.That would leave Barrett two votes short of confirmation. However, But McConnell said confirmation hearings for Supreme Court nominee Amy Coney Barrett would go ahead as planned starting Oct. 12 even though Scheduled Votes are Cancelled for Two Weeks.Senators Mike Lee of Utah, Thom Tillis of...

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When Does Trump Apologize to the Nation for His Reckless Behavior?

Carl_R3 hrsIt's impossible to feel sorry for people who don't take routine precautions to protect themselves or those around them. That doesn't mean I want them to die, though it's very possible that some will. In fact, I do hope they all recover. It does mean that I hope they learn something in the process. Similarly, if Pence gets it, too, and we end up with President Pelosi, it will be exceptionally fitting. In my company, you will almost never find myself and my co-manager in the building...

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Doctors Question Trump’s Experimental Covid Treatment and Dosage

Casual_Observer7 hrsTrump's doctors try to downplay his condition, but blow up the timeline of Trump's illness Donald Trump was flown to Walter Reed National Military Medical Center on Friday evening. At the time, he was apparently suffering from coughing, fever, lethargy, and some difficulty in breathing. The decision to send him to the hospital at that point appears to have been made not just out of an abundance of caution, but because, as The Washington Post reports, with Trump’s condition...

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Trump Takes Antibody Cocktail, Heads to Walter Reed Hospital

Trump Heads to Walter ReedPlease consider Trump Will Head to Walter Reed Hospital After Testing Positive for CoronavirusPresident Trump is being moved to a hospital on Friday following a positive Covid-19 test that forced officials to cancel White House events and postpone travel, injecting new uncertainty into the final stretch of the 2020 election campaign.Mr. Trump was being moved to Walter Reed National Military Medical Center based on the recommendation of his physician and medical...

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Questions of the Day for Trump Supporters

Captain Ahab25 minsThere is a comment below that stands as one of the most insightful comments on the Trump phenomenon. Expectations were formed and not realized, making the letdown so much worse. The same is true for HRC. The expectation was she would win. By not winning, defeating Trump became THE ONLY AGENDA. Taking Mish's 14 questions, I'd ask if the issue underlying each question is inherently bad? Anyone think the USA should have open immigration, for example? If you do, you need a...

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Job Recovery Slows and Headwinds Mount for October

BLS Jobs Statistics at a Glance Details from the monthly BLS Employment Report.Nonfarm Payroll: +661,000 to 141,720,000 - Establishment SurveyEmployment: +275,000 to 147,563,000- Household SurveyUnemployment: -970,000 to 12,580,000- Household SurveyBaseline Unemployment Rate: -0.5 to 7.9% - Household SurveyU-6 unemployment: -1.4 to 12.8% - Household SurveyCivilian Non-institutional Population: +184,000 to 260,742,000Civilian Labor Force: -695,000 to 160,143,000 - Household SurveyNot in Labor...

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Trump and First Lady Test Positive for Covid, in Quarantine

Herkie7 hrsHe is already sick with "mild symptoms," a characterization I am skeptical of. Reminds me of September 1976 when China announced that Mao had a cold. One thing I think this does mean, Hope Hicks was veyr unlikely to be the source of infection; "...symptoms typically appear within four or five days after exposure." It has been 3 days since Hicks went with Trump on AF1. For him to already be showing symptoms last night means he is very unlikely to have been exposed after Monday....

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The Airlines, Allstate, and Shell Announce Mass Layoffs

Just in Time for the Election (or a Bailout)American and United Airlines will bring back workers if they get more aid. Otherwise, Say Goodbye to 32,000 Jobs. “We implore our elected leaders to reach a compromise, get a deal done now, and save jobs,” United said Wednesday night. The airline said over 13,400 employees will be out of a job starting Thursday.  American, which has planned deeper cuts than any other carrier, also told Treasury Secretary Steven Mnuchin that it will bring its 19,000...

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Little Progress on Unemployment Claims but Checks Grind to a Halt

Initial ClaimsFor the weeks ending August 29, September 5, September 12, and September 17, and September 26 there were 884,000, 893,000, 870,000, 866,000, and  837,000 seasonally-adjusted claims respectively according to the Department of Labor.Given margins of error on seasonally adjusted data there has been no progress for five weeks.Continued ClaimsContinued claims lag initial claims by a week.For the weeks ending August 29, and September 5, September 17, and September 26 there were...

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In a Fiery Tweetstorm, Ann Coulter Blasts Trump Over Taxes

Zardoz1 dayHer fame is based on getting people's knickers in a twist, and up until the last couple years it was the liberals who were easiest to bait. Now we have a world full of hyper sensitive, ready to rage trumplings, and Coulter saying vaguely liberal things will grant her a a rich vein of outrage to monetize for years to come. For those that dispute the tenderness of the trumplings, would direct you to reddit.com/r/conservative, and invite you to make a post in any way critical of...

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