Tipping Point for the Markets Likely Is at Hand

Booming Consumer Outlook in September 2018 Has Parallels to 1987

The FOMC Hiked Rates as Expected, Although
Core Inflation Had Slowed Back to Below Overheated Conditions

The Fed Has Dimmed Near-Term Economic Prospects by
Continuing to Tighten the Screws on Consumer and Systemic Liquidity,
Likely Thwarting Any Nascent Economic Recovery

August Real Average Weekly Earnings Growth Remained Impaired

Monthly Growth in Real Retail Sales and Production Ground to a Halt in
August, Net of Revisions, While Annual Growth in Freight Activity Softened

Hurricane Florence Likely Disrupted Pending September
Employment and Unemployment Numbers, on Top of Year-Ago Distortions

Hurricane-Spiked Gasoline Prices in 2017 Will Have a Minimal
Dampening Effect on the Pending Social Security COLA Determination

Hurricane-Driven 2017 Data Turmoil Resurfaced with August 2018 Inflation,
Slowing Annual Inflation, with Headline Growth Distortions Likely in
Pending Economic Releases for September 2018 and Beyond

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