Author: Mike Mish Shedlock

Import prices fell 0.6%. Economists expected a 0.1% decline. Export prices fell 0.1%. Economists expected a 0.2% rise.

Hurricane Florence hit land at 7:15 a.m. EDT with maximum sustained winds around 90 mph. Catastrophic floods expected.

Real median earnings for men are down 5.73% since 1973. Median earnings for women are up 33.99%.

Australian homeowners are furious with the big banks for suddenly increasing their variable mortgage interest rates.

A Treasury report shows the budget deficit exploded higher in August. The Treasury blames a holiday calendar

The CPI came in under expectations across the board. I question shelter and medical components.

After numerous pompous threats made on China, Trump may be ready to back down.

Florence weakened to a Cat 3 but may restrengthen to 4-5. The greater threat is flooding. Damage estimate is $60…

The Beige Book word of the day is “tariff”. It was mentioned 37 times and not in a good sense.

Buffet explains bubbles: “People see neighbors ‘dumber than they are’ getting rich.”