Wise words indeed.

Fannie Mae CFO today: Fannie is buying more MBS to support the market. Right direction for the right reasons--helps young families here by reducing the too-high 30/10 spread. 215 bps much better than 250 earlier this year--but needs to drop to 170 bps....let's do it. $fnma

More true today than it was 8 days ago. (Hamas is killing Trump's peace plan.)

But I liquidated & spent my 401k bc I thought I wouldn’t need it. Now what.

Raising the mortgage-10Yr Treas spread by 25 bps by selling more Fed-held MBS…is what he meant here.

Ouch.

Doomsday talk from very short people is Russia’s most evident export these days.

Very bold call. What do people think here? Technicals may go the other way?

For Real.

"Yet Halloween is still mostly about children racing down sidewalks, a carved pumpkin glowing on a porch and a neighbor offering sweets — my first glimpse of America’s abundance and the generosity at its heart." washingtonpost.com/opinions/2025/…

China manufacturing slump deepens to 6-month low in October, as PMI misses estimates. “The country’s manufacturing activity has remained in contraction since April, when US President Donald Trump started his tariff campaign, pressuring Chinese factories.” cnbc.com/2025/10/31/chi…

Insider Advantage is a very solid polling firm…

Could get interesting down the stretch.

Interesting.

Young Cuban people love their island home but they want out of there so badly. Why? “There’s no way to make any money here.”

Sen. John Thune is 64 years old. He's going to be around a long time. And he sure doesn't want to be a Minority Leader when the Dems can move legislation with 50 votes. wsj.com/politics/polic…

“Because if they’re in your movement you look like clowns. The issue here is Tucker Carlson … Tucker’s show is like stepping into a lunatic asylum." freebeacon.com/politics/i-mad…

Significant ongoing Israeli air strikes in Lebanon. "The IDF issues an evacuation warning for a fourth site in southern Lebanon, ahead of an airstrike on Hezbollah infrastructure." timesofisrael.com/liveblog-novem…