Buchanan Asks "Is Trump The Heir To Reagan?"

"Trumpism is rooted as much in the populist-nationalist campaigns of the 1990s, and post-Cold War issues as economic patriotism, border security, immigration control and 'America First', as it is in the Reaganite issues of the 1980s... However, the differences between Trump in his first year and Reagan in 1981 are stark..."

Europe Braces For End Of Iran Nuclear Deal

Europe is scrambling to come up with a contingency plan in the face of a U.S. threat to end the nuclear deal with Iran - a move that lends a high level of uncertainty to European megadeals, including French Total SA’s $5-billion oil deal with Tehran.

One Bored Trader Finds More Ways To Get Into Trouble

"This is a trader's Ordeal... I can’t say for sure when it will end, but rest assured, it will. And when it does, it will catch a lot of traders off guard... Yet at the risk of making an even greater fool of myself, here is an idea for potential timing..."

Real Wage Growth Slumps To Weakest Since May

Despite soaring expectations, real average weekly earnings growth is slowing dramatically, falling 0.1% MoM in September - the second monthly decline in a row.

More Bad News For Autos: Wells Fargo Car Loan Originations Crash To All Time Low

While Wells Fargo's earnings report was disappointing, missing on revenue and reporting another decline in overall loan growth, it contained another flashing red light: auto loan originations crashed 47% Y/Y to only $4.3 billion, the lowest print since the bank started disclosing this item back in 2013.

Storm-Impacted Retail Sales Disappoint Despite Biggest Spike Since March 2015

Following August's slump (worst since Jan '16), September's retail sales data was expected to surge 1.7% MoM (thanks in large part to the spike in auto sales) but it disappointed with a 1.6% spike (still the most since March 2015). The main drivers (as expected) were a surge in gas prices (biggest gain in 4 years) and auto sales (biggest since March 2015).

Are You Better Off Than You Were 17 Years Ago?

The gulf between these two narratives - the ever-higher financial statistics, and our unsettling sense that we're less secure, less healthy and less wealthy - is widening.