Japan’s economy contracted at a 1.8% annual pace in July-September period. 

Cotton was lower in response to the USDA reports that showed higher than expected production at 14.23 million bales.

EPI shows everyday costs rising faster than CPI and the 2024 trend, highlighting sharper price pressure on essentials like food, fuel, and utilities.

Money drives the stock market. Money-creation comes from two sources: Government deficits, and chartered bank loans. The rate of money-creation determines the rate of growth in the stock market.

The Dow Jones Industrial Average and Nasdaq Composite are carrying steep losses this afternoon.