Authored by Wolf Richter via WolfStreet.com,
With surprise rate hike, Bank of Canada turns against housing market...
Home sales in the Greater Toronto Area, the largest housing market in Canada, plunged 34.8% in August compared to a year ago, to 6,357 homes, with sales of detached homes and semi-detached homes getting eviscerated:
Sales by type:
Credit-reporting company Equifax shocked investors, and more than a third of America, when it announced on Thursday afternoon that hackers had breached its data systems, compromising the personal information of approximately 143 million U.S. consumers. The information accessed "primarily includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers." In other words, pretty much everything that should have been hidden behind an n-number of firewalls, is now available to the dark net's highest bidder.
Authored by Tho Bishop via The Mises Institute,
And then there were three.
Ugly jobs data (hopefully transitory), uglier energy industry data, and ugliest comments from Trump on throwing away any fiscal restraint with the debt-ceiling bathwater left the dollar down, stocks lower, and bonds and bullion bid...
Denying yesterday's WSJ report that Trump has "fired" Gary Cohn from his future role as Fed chair due to his strong opposition to Trump's handling of the Charlotteville tragedy, Bloomberg reports that the White House is considering "at least a half-dozen candidates to be the next head of the Federal Reserve, including economists, executives with banking experience and other business people"