[AbolishCSEU]

Can hardly wait for the pre-election rosy glow economic figures via cooked books and pro HRC media.

[HLPhat]

"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"

http://www.pbs.org/wgbh/pages/frontline/warning/view/

[Gen.Blather]

The manager of the first billion dollar mutual fund, whose name escapes me right now, said, “pick companies that could be run by an idiot, because eventually, one will.” I think this is true of every type of organization, the Fed included. The reason is competent but insecure leaders pick incompetent people to put under them so they won’t feel threatened. Then, when they move on, those incompetent people just float into a position they have no clue how to make work properly.

[expat_panama]

 

Happy Friday all and we got stock indexes "down in lower volume".  Futures are likewise mushy seeing 'em sag a tenth of a % today (aka "flat").

Looks like gold's climbed up over the $1,300 mark; took long enough, futures traders have pegged metals flat today too.

These are coming out right now:

 

Nonfarm Payrolls
Nonfarm Private Payrolls
Hourly Earnings
Unemployment Rate
Average Workweek
Trade Balance

Headlines:

A Trump Win: The 'Black Swan' of 2016? - James Socas, Investor's Business
Stocks Say Donald Trump! Cubs Say Hillary Clinton! - Adam Shell, USAT
Brexit Has Nothing To Do With Rise of Trump - Allister Heath, Telegraph
The Economics of Trump and Clinton - Stephen Moore v. William Gale, RCP
No One Cares What Economists Have to Say on Trump - Noah Smith, BV
Blame Economics Profession for Econ. Weakness - John Harvey, Forbes
'Two Californias' Ruled by One Distorted Vision - Steven Greenhut, TAS
Is China Repeating Japan's Economic Mistakes? - Michael Schuman, BBW
Time to Get Real About Tackling Cronyism - Yuval Levin, National Review
Why Washington Truly Needs Wall Street - William Cohan,New York Times

[BfloGuy]

"Distressingly incompetent?"

At what? Trying to manipulate the world's largest economy? Can't be done.

[AllAmericanGirl44]

bkmk