DXY made a 52-week high this week at 103.42

 

Global oil supply rose to 105.4 million barrels a day in October

 

 Russian crude output rises as global oil market returns to surplus, IEA says

Wholesale price increases in October indicate no end in sight to inflation

 Wholesale prices rose 0.3% in October, putting annual rate at 6.5%, the highest in nearly four years

Core producer prices are up 5% year over year, overall producer prices are up 6.5% year over year.

Ouch.

 

 

10-year trend for consumer price inflation remains higher in October 2026

The respective unrounded seasonally adjusted percent change monthly figures are 0.35% for overall cpi inflation and 0.29% for core cpi inflation in October 2026.

 

In September 2026 the year over year figures are 3.71% and 2.56% respectively. Year over year figures for October 2026 are not available because of the absence of data collection during the government shutdown last year. 

 

The 43-day government shutdown last year was over Democrats' insistence that ACA emergency premium subsidies from 2021 during the pandemic be continued despite the end of the pandemic.

 

They were not continued, underscoring Obamacare's expensive inadequacy. 

 

 

Consumer prices rose 0.4% in October, more than expected, complicating Fed’s inflation fight

 

The consumer price index rose a seasonally adjusted 0.4% in October, more than expected, the Bureau of Labor Statistics reported Tuesday.

 

The core CPI, which strips out volatile food and energy costs, increased 0.3%. That was also more than expected. 

The BLS did not estimate a yearly inflation rate, as last year’s government shutdown prevented the bureau from collecting data. ...

 

OMG, those things didn't include moving out of Ohio or getting rid of her electric car, instead she signed up for a new rewards card with a $495 annual fee

Which she is  s e l l i n g  in the story.

ROFLMAO. 

Let's put more women like this with their luxury beliefs in charge of the economy! 

I'm guessing that she just voted for that drunk babe in Ohio, too, not Vivek.

Her household obviously has money to burn. The whole story is TMI. 

 

My electricity bill jumped to $400 — here’s what I did to make it less painful

Honda at capacity in the U.S. plans new plant in Ohio

Ohayō gozaimasu!  

Honda to invest $3 billion in new vehicle assembly plant in Ohio

 ... The facility is expected to be capable of producing traditional vehicles with internal combustion engines, all-electric vehicles and hybrid models, which have been growing in popularity in the U.S.

The plant is expected to increase Honda’s light-duty vehicle capacity to 1.3 million units annually in the U.S. It currently has 12 manufacturing plants in United States, eight of which produce engines or light-duty vehicles for the auto industry. 

... American Honda Motor Co. executive Jennifer Thomas recently emphasized the Japanese automaker’s commitment to the U.S. and need for additional capacity.

“In order to be competitive in this market, you’re going to need to build products here,” Thomas, senior vice president of corporate affairs, said Oct. 27 in Detroit. “We are focused on trying to maximize the existing capacity that we have, but we are at capacity, and so we’re exploring all options.”

... Honda said it has built more than 33 million vehicles and more than 39 million engines in the U.S. since it started auto production in the U.S. in 1982.

The Japanese automaker currently has more than 30,000 employees in the U.S.

Huang, Huang, the gang's all here

Reports claim Alice Huang was recruited by Beijing spy agency to target Nvidia boss Jensen Huang in alleged ‘honeytrap’ operation

-- UK Telegraph  

 I noticed how little difference there is between men and women; I don’t understand what kind of fatal attraction Chinese women possess which enthrals the corresponding men to such an extent that they are incapable of defending themselves against the formidable blessing of offspring.

-- Albert Einstein 

Nvidia stock falls 5% as scrutiny turns to CEO’s affair with alleged Chinese spy  

Good economic news Trump could have used, but the ingrates wouldn't have cared anyway

 

 U.S. economy added 165,000 jobs in October, way more than expected; unemployment rate slips to 4.1%

The U.S. economy added jobs at a much stronger-than-expected pace in October, while the unemployment rate moved lower as the labor market showed surprising strength.

... In addition to the strong payroll gains for October, prior months were revised up substantially: The August figure moved to 186,000, an upward revision of 53,000, while the September count shifted to 60,000 following an upward revision of 31,000.

Payroll gains also came in better than forecast. Average hourly earnings increased 0.4% on the month and 3.1% annually, compared with respective estimates for 0.3% and 2.9%. The average workweek was unchanged at 34.4 hours. ...

 

Prediction: Democrats will save Social Security, and Trump will sign it

 And then they can impeach him.

Trump to CNBC: Can work with Democrats on ‘many more things than people understand’

 

This Vance attack is just chef's kiss for the blind defenders of Trump like Marc Thiessen

 Just another chapter in the pulp fiction MAGA writes: Trump cannot fail, he can only be failed.

 Thiessen: Iran War Didn't Cause High Gas Prices, Vance's Failed Negotiations With Tehran Did

"... I was kind of shocked by that statement that Vice President Vance put out. It was, quite frankly, disloyal to the President of the United States. ..."

The idea Vance was talking his own book is absurd.

... Trump did address the election after being asked if he agreed with Vice President JD Vance's assessment that the Iran war cost Republicans the election.

"I think it's largely true because it drove the gasoline up a little bit short term and probably that's, probably it's true," he admitted. ...

More. 

Voters say the economy drove them to the polls — and blame Trump for their troubles 

Ah, so it wasn't corruption after all, eh CNBC? 

 

 

Australia hikes benchmark lending rate for a fifth time in 2026 to 4.85% in order to fight 4.3% inflation in September

U.S. inflation was 3.7% yoy in September and its benchmark lending rate is 3.88%. 

 Australia hikes rates to 18-year high to fight inflation

 ... In its September decision, RBA governor Michelle Bullock said that inflation is “too high,” driven by higher oil prices from the Iran War and stronger domestic spending. ...

Holy Moly Miss Haley

Democratic Rep. Stevens endorses Republican Rogers over rival El-Sayed in Michigan Senate election 

... Stevens had the endorsement of much of the Democratic establishment during the bruising primary, making her endorsement of Rogers even more stunning. ... 

I thought it was about corruption: I wish they'd make up their minds

BIGGEST ISSUE FOR VOTERS: HIGH PRICES

 

Corruption is voters’ top issue ahead of midterm election, CNBC survey shows

 

Relatively speaking America is a low corruption country in 2025, and in 2026 core inflation is 1992ish.

 

 

https://www.transparency.org/en/cpi/2025

 

Crushed, rocked, lol

Tech gets crushed, defensive stocks shine. How we’re making sense of it all

Stock market rocked as investors dump tech shares; Nasdaq suffers worst day since June: Live updates

 

CNBC trying to look on the bright side of inflation, paragraph 15 lol

 Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation accelerates

...  There was some good inflation news for the period: On a quarterly basis, PCE prices rose 2.1% on the headline number and 2.5% for core, down respectively from 5% and 3.3% in Q2. ... 

2.5% in this particular measure looks pretty good in comparison with the current headline measures, but only until you locate just where we are with it relative to where we have been.

This measure of inflation had stayed pretty much licked from 3Q1997 until 2021, averaging 1.5% or less for a decade of years, but like Clouseau's priceless Steinway, not any more.

 

5Y-30Y not buying today's Fed pause

But Kevin Warsh was damned if he hiked, and damned if he didn't, because of the election next week.

 

The fine mess he got us into, in March, May, and October

 

Yes, but the decision will be made by the voters

 Trump says he’ll soon decide whether to ‘make a deal’ with Iran or ‘finish it off’

... "It’s getting to be decision time," Trump said in a Fox News interview on Sunday. ...

Ukraine claims Starlink never worked outside Ukraine making it impossible to use for offensive operations against Russia

You'll notice that neither side is talking about Starshield lol.

 

 Ukraine contests Musk’s claim that country’s military violated Starlink service agreement

... “It is very strange that Elon Musk is unaware of the operational limitations of Starlink in Ukraine,” Beskrestnov wrote in a post on Telegram, noting that Starlink’s civilian system in Ukraine “does not function over the territory of Russia” and that Ukrainian drones operating with Starlink have had a speed restriction of 70 to 90 km/h (roughly 43 to 56 miles per hour) for months.

“Consequently, it is PHYSICALLY IMPOSSIBLE for us to use commercial Starlink for deep-strike or medium-range strike operations,” Beskrestnov wrote. ...

 

 

 

The Economist: One official says Musk contacted the White House only after imposing the restrictions on Ukraine's Starlink

The America-Ukraine link grows even spottier:  The Starlink cut-offs were a test, and worse may follow

After SpaceX restores high-speed service, Musk claims Ukraine violated Starlink agreement