I love how in scary movies, the person yells out, “Hello?” As if the bad guy is gonna be like, “Yeah, I’m in the kitchen! Want a sandwich?
Whenever I fill out an application, in the part that says “If an emergency, notify:” I put “DOCTOR”.
Why does someone believe you when you say there are four billion stars, but check when you say the paint is wet?
How come people tell you to stay a kid for as long as you can. Yet the moment you do something childish or immature, they tell you to grow up.
My ancestors didn’t fight their way to the top of the food chain so I could be a vegetarian.
Now The Market Update . . .
The minutes released from last month’s Fed meeting showed some members don’t agree that low inflation is transitory. Low inflation helps keep rates low.
However, it’s still expected that the Fed will leave rates unchanged in Oct/Nov but will hike policy rates in December. There’s an 88% probability, at the moment.
Producer prices rose in September as gasoline prices jumped. Jobless claims dropped to a one-month low, showing strength in the labor market.
Natural disasters continue to reduce inventory in already tight markets. An estimated 9.1 million homes are at risk in Napa & Sonoma counties in California.
The buzz about net-zero homes continues to build. These highly energy efficient homes produce as much or more energy as they consume for heating & cooling.
The number of unfilled jobs in construction continued to rise in August to the highest level since Feb 2007. Homebuilders added over 80k jobs in the last year.
Tom had this problem of getting up late in the morning and was always late for work. His boss was mad at him and threatened to fire him if he didn’t do something about it. So, Tom went to his doctor who gave him a pill and told him to take it before he went to bed. Tom slept well, and in fact, beat the alarm in the morning. He had a leisurely breakfast and drove cheerfully to work.
“Boss,” he said, “the pill actually worked!”
“That’s all fine,” said the boss, “but where were you yesterday?”
This week’s potential market moving reports are:
Tuesday, October 17th: Industrial Production, Housing Market Index
Wednesday, October 18th: MBA Mortgage Applications, Housing Starts
Thursday, October 19th: First Time Jobless Claims
Friday, October 20th: Existing Home Sales
