•  There are 2.6 million unplugged onshore wells in the U.S., with another estimated 1.2 million that are undocumented and well on the way of becoming wards of the state. (Is this socialism? Asking for a friend)
  

• The FHA which insures about 8 million higher-risk mortgages reported a record of 17.4% in delinquencies in August. – YoY this is as double.

 

• US Total Corona Virus Cases as of Today  7,592,465, up 45,000 + 1 Trump
  
  
  
  

• Prime Minister of Jordan resigns

• Quick Overview is up to date 

• Since high money velocity is usually associated with a healthy, expanding economy. Low money velocity is usually associated with recessions and contractions – “LOOK” at the below chart...

•  E*TRADE and Morgan Stanley have officially joined forces.
• weekly

• monthly

•  How  government funded R&D relates to Output.

•  University of Notre Dame president tests positive for COVID-19 after attending White House Rose Garden ceremony with Trump.
•  Notre Dame president apologizes for not wearing mask during White House announcement of Amy Coney Barrett’s Supreme Court nomination. 
• ( what are the Intellectual Requirements for the president of Notre Dame ? asking for a friend.)
  

•  Soybean milling in Argentina falls 20.6% YoY in August

 Reuters Exclusive: Russian operation masqueraded as right-wing news site to target U.S. voters - sources

The website predominantly focused on U.S. politics and current events, republishing articles from conservative media and paying real Americans to write about politically-sensitive issues. A network of accounts posing as editors and journalists then promoted the articles on social media sites favoured by right-wing users.

•  The EU has launched legal action against the UK after Boris Johnson failed to respond to Brussels’ demand that he drop legislation that would overwrite the withdrawal agreement and break international law. 

• The Institute for Supply Management (ISM) said on Thursday its index of national factory activity fell to a reading of 55.4 last month from 56 in August, which was the highest level since November 2018. Despite last month’s dip in the index, September marked the fourth straight month of growth. 

• Initial claims for state unemployment benefits decreased 36,000 to a seasonally adjusted 837,000 for the week ended Sept. 26.

 

 

• Hotter………………………………………….

• 
  Bloomberg: October promises not only rising coronavirus infection rates, but a new tsunami of job losses all over the globe. Airlines are preparing to lay off tens of thousands of workers starting Thursday unless they get additional federal aid. Walt Disney said it would slash 28,000 workers from its slumping resort business. Royal Dutch Shell is to cut as many as 9,000 employees while German auto-parts supplier Continental AG may layoff or move 30,000 jobs. In America, talks between Congressional Democrats and the White House on a second bailout that could help preserve airline jobs have resumed, but Wall Street didn’t seem all that optimistic about the prospects for a deal. —David E. Rovella

• USDA On-farm June 1 corn stocks down by 158 million bushels, off-farm down by 47 million bushels.

• USDA For wheat, on-farm stocks fell 3.4 mbu and off-farm stocks fell 12.5 mbu.

• We found it all: Goldcorp's former chairman, Ian Telfer, the once head of a huge multinational miner says “we've found all the gold. There is no more. "Are we not looking for it? Are we bad at finding it? Or have we found it all?"” My answer is we found it all. I don't think there are any more mines out there, or nothing significant. And the exploration records indicate that." 
• Assuming that the guy knows what he is talking about - this would be historic! On the other hand, this could be like the Peak Oil prognostications of the 1980s. So perhaps all gold miners must do is, copy oil drillers, and drill sideways. (joke) Or perhaps he is  just talking his book.

 

• The Conference Board Consumer Confidence Index® increased in September, after declining in August. The Index now stands at 101.8 (1985=100), up from 86.3 in August.
• As usual they didn’t ask me, but what are these people drinking or smoking?

 Really good question - please post the answer.

World leaders pledge to halt Earth’s destruction ahead of UN summit

 

• Sorry, no updates currently, way too busy reading about Trumps Taxes.