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ADP has announced revised methodology to "enhance" its monthly job reports, no doubt because its prior numbers simply were grossly inaccurate.
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Here’s a headline story including an interview on Fox news that caught me by surprise: New Jersey Chris Christie Praises Obama, Doesn’t ‘Give a Damn’ about Election Day The presidential candidates have canceled all campaign events on Tuesday, but Republican New Jersey Chris Christie seemed to be stumping for President Barack Obama by appearing on several networks to praise the federal response to Hurricane Sandy. In an interview on NBC, Christie called Obama "outstanding" for expediting relief efforts. He also told MSNBC that Obama "deserves great credit.
Output and new orders both down at sharper rates Employment falls at fastest pace since July 2009 Average output charges pared to steepest degree since December 2009 Summary October’s PMI data indicated a further deterioration in the performance of the Japanese manufacturing sector. Orders and output both continued to fall during the month, while evidence of rising excess capacity led to a first reduction in employment for half a year. Manufacturers also intentionally cut back on their stock holdings as order books deteriorated and the outlook remained uncertain
Greece Coalition Splinters, Austerity Vote Delayed, PM Warns of ‘Chaos’; Another Puppet Show or Is This For Real? In Greece, Prime Minister Antonis Samaras coalition has split.
Read the original post: 85% of Atlantic City Flooded; New York Subway in Jeopardy; Markets Closed Again Tuesday; Hurricane Sandy…
Berlusconi Attacks Monti and Germany Berlusconi is back with a frontal attack to Mario Monti, Germany, Angela Merkel and the EU imposed austerity during a 1.5 hours press conference near Milan on Saturday, 10/27. Berlusconi might withdraw support to Monti’s government already this week leading to early national elections in January or February. This will be fought tooth and nail by the Italian and EU establishments. Berlusconi wanted to announce the withdrawal of his support for Monti’s government already during the call on Saturday but his family and counselors managed to convince him ponder the decision for a few more days.
Poll Shows Overwhelming Support for Secessionist Candidates in Catalan Election Posted by Michael Shedlock at 12:44 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy
Ambrose Evans-Pritchard reports Eurozone nears Japan-style trap as money and credit contract again .
More: Dire State of Affairs in Illinois; Mish Six-Point Proposal