US Senator currently serving is Jon Husted, appointed replacement in late 2024 (*not* elected by the people) and up for actual election this fall - *desperately* needs voters.
Make your voices/concerns known to him *now*, while he *has* to both listen & care!
www.husted.senate.gov/contact-jon/
The fake kneel play is a microcosm of everything that's wrong. It's a waste of practice time on something cute that's never going to work after the first time you run it. Also it is not going to work the first time you run it.
RAPIDAN: “.. The [Saudi] strikes mark a major escalation beyond recent frontline fighting and cross a clear Houthi red line. Retaliatory Houthi strikes are likely, with Riyadh the most immediate target and Yanbu and the East-West Pipeline also at heightened risk.”
JUST POSTED: Jared Kushner and Steve Witkoff have pushed a multibillion oil deal with Russia as part of peace talks that will bring profits to their family business partners. A new front for Trump-era conflicts of interest.
www.nytimes.com/2026/10/03/u...
The pending oil deal involves Russian Lukoil international assets (now sanctioned by the US) that would be acquired at a big discount by a Trump campaign donor, a UAE-based investor in Trump/Witkoff family crypto company, and Kushner/Ivanka's Qatari-based real estate partners.
“.. The layoffs — occurring just three days before President Donald Trump’s rally on Saturday at a nearby high school — were large enough to basically erase an entire year of job growth in the greater Dayton, Ohio, area.”
@apnews.comapnews.com/article/trum...
“.. The cost to insure the debt of both companies against default .. is increasingly moving in lock-step, a sign investors are beginning to treat the two credits as intertwined.
“.. You have to consider your total Larry Ellison risk,” Goodman said.
$ORCL$PSKYwww.bloomberg.com/news/article...
What? A sudden 30% decline in national housing prices would be a sign we're in like a serious depression. After the housing bubble burst in 2006/2007, national house prices fell "only" 27% peak to trough
fred.stlouisfed.org/series/CSUSH...
Housing director Bill Pulte lies his ass off: "The cost of a new home is in some cases 20%, 30% lower than it was under Biden ... President Trump was crushed inflation."
I would not be surprised to see *negative* S&P 500 EPS growth by the time we get to Q2 2027...
...very tough comps by then... AI capex, OBBBA, tax refunds, tariff refunds, "other income" ... @dualityresearch
Something to watch
“.. Trump in recent weeks has become sober about the gravity of the political situation, listening intently as he is presented with often discouraging polling, according to four people with knowledge of his recent comments ..”
@washingtonpost.comwww.washingtonpost.com/politics/202...
“.. Large plume of black smoke rises from the fuel storage area at King Khalid International Airport, in Riyadh, Saudi Arabia, September 19, 2026. Picture taken with a mobile phone.”
REUTERS/Stringer
‘The soaring cost of moving oil around the world is making some long-distance crude trades uneconomical, threatening to disrupt flows at a time when fuel markets have never been tighter. The jump is being driven by a shortage of available supertankers.’ www.bloomberg.com/news/article...
POLITICO: “.. . A second person close to the White House said there’s already been discussions about adding more outlets to the ban. Trump himself on Friday cited The New York Times and The Washington Post as possible additions.”
@politico.comwww.politico.com/newsletters/...
‘About $18bn of loans tied to a data centre leased to Oracle in New Mexico slid into stressed territory on Friday, highlighting investors’ fear that increasing local backlash will derail the tech group’s massive AI infrastructure build-out.‘ www.ft.com/content/bd44...
’The debate now extends beyond data centers — to whether elected officials are willing to defend the public interest against big tech. “This is definitely a breakdown between what gov. was supposed to do and what it has failed to do for small America.”’ www.reuters.com/legal/govern...
“.. Moving a cargo from Houston to Asia now adds about $26 a barrel, or $52 million a cargo … that’s equal to roughly a quarter of the price of WTI futures.”
- Schwab
“.. While some oil tankers have been shuttling in and out of the strait under US air cover, other shipping traffic has fallen to minimal levels, in part because the rates those vessels can earn — compared with much higher rates for tankers — make it not worth the risk.”
www.ft.com/content/c9d1...
“.. the latest indication that neither Ukraine nor Russia has signed up to an energy truce that US President Donald Trump claimed on Sept. 14 had been agreed ..”
@bloomberg.com ⛽️
www.bloomberg.com/news/article...
“.. The strike didn’t result from a single catastrophic decision but an accumulation of smaller ones, they said, and their review has identified a series of missed opportunities to prevent the disaster.”
@bloomberg.comwww.bloomberg.com/graphics/202...
‘Debt sold by a venture building a data center to be leased by Jane Street has quickly soured in secondary trading. Yields on the bonds have risen to around 11.3%, more than 2 percentage points above where the debt first sold in August.’ www.theinformation.com/articles/jan...
“People may not fully grasp just how wound up the market and the economy is in all of this,” said Jim Morrow, chief executive officer of the Boston investment firm Callodine Capital Management. “There are just so many things to unravel if it starts.” www.bloomberg.com/news/article...
PALACIOS:
“.. ICE has become a bigger issue for the housing industry in recent months, as noted in this broad regional commentary from homebuilders we surveyed in early September:” $XHB
Studiously impartial C-SPAN calls for the Trump administration to immediately restore White House access to the journalists of CNN, MSNOW and Politico.
* VIRGINIA GOVERNOR SAYS STATE IS BANNING NON-DISCLOSURE AGREEMENTS FOR DATA CENTERS, REQUIRING STRICTER PERMITTING AND CLEAN ENERGY MANDATES FOR THE SERVER WAREHOUSES
@reuters.com
GS: We now expect a 25bp hike at the September FOMC meeting next week (vs. a hold previously)
We do not see a strong economic case for raising the funds rate. We continue to think that all of the overshoot of the 2% target can be attributed to one-time factors.