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This is the biggest 8-month drop since July 1980...

"It's obviously comparable to the global financial crisis. We have a very similar situation that we don't know when it's going to end."

The dominos have started to fall. 

If there was some hope that that today's Fed rate cut would mark the bottom of the global economic slowdown and serve as the basis for even a modest recovery, then Beijing promptly crapped all over any such optimism,

"After seeing negative growth in the second quarter, the situation continued in the third quarter, meaning our economy has entered technical recession."

All over the country, economic activity is slowing down, and this is hitting many small businesses particularly hard...

As expected, and priced in, The Fed cut rates 25bps and shifted the wording in the statement to a more hawkish stance...

...all that's left is for Fed Chair Powell to get through the press conference without putting his foot in his mouth...

After an initial dump, equities are back at the day's highs after The Fed's cut-and-pause statement. Bond yields are down, the dollar is up, and gold is down...

Sorry, but this makes no sense.

Another goldilocks report, which while hardly confirming the "greatest economy in American history", gave the Fed green light to proceed with more rate cuts today at 2pm.

...for the last five months, the official BLS data has been worse than ADP's employment signal...

Once they reach age 65, men are projected to live another 18.1 years, compared with 20.6 years for women

"The US economy appears to be slowing, and respondents expect still slower growth over the next 12 months." 

"Our leads still point to a leg lower in consumption into the middle of next year, as prior Fed policy still comes through the economic data." 

"We must embrace change to provide the best possible experience for college athletes..."

...thanks to a small upward revision, October confidence slipped to its lowest since March with expectations weakest since January.

Was gifted more than $3.8 billion...

The question is whether they will do more harm than good over the long term...

Shuttered banks brace for dollar run, now approaching two week closure...