Following the wholesale inventories-to-sales jump, business inventories-to-sales just shifted once again to cycle highs, deep in recessionary territory. With inventories unchanged in October, slightkly lower than thge expected 0.1% increase, Q4 GDP will start to be affected (and Q3 as prior data was revised lower). Nevertheless, with sales dropping 0.2%, with manufacturers tumbling 0.5% MoM, the looming production cuts set up The Fed for an epic policy error.

There are several conjectures on the factors that may cause Puerto Rico's unsustainable indebtedness.

Submitted by Deirdre Fulton via TheAntiMedia.org,

Even as large swaths of the population call for media outlets to do their part in stemming the “dangerous tide of hatred, violence, and suspicion” taking hold in the United States, corporate media - which stands to benefit nicely from the $5 billion 2016 presidential election - is egging on that same divisive rhetoric.

“Go Donald! Keep getting out there!” CBS Corporation chief executive Les Moonves reportedly said during an investor presentation Monday.

Three words... "not unequivocally good."

For the first time since February 2009, WTI Crude is trading with a $35 handle...

Earlier we reported that in response to the escalation in the Syria proxy war, where the latest development was yesterday's arrival of German warplanes and supporting troops in Turkey, Putin gave one simple command: "I order to act extremely tough. Any targets that threaten Russian forces or our infrastructure on the ground should be immediately destroyed."