Morning Journal---Are you an extremist? Take the test.

Economics

   This Week’s Data

            The September Markit manufacturing PMI came in at 57.5 versus expectations of 58.0.

            The September ISM manufacturing index was reported at 56.6 versus estimates of 58.0.

            http://www.calculatedriskblog.com/2014/10/ism-manufacturing-index-declines-to-566.html

            August construction spending fell 0.8% versus forecasts of +0.5%.

            http://www.calculatedriskblog.com/2014/10/construction-spending-decreased-08-in.html

                September light vehicle sales were in line with expectations.

                Weekly jobless claims fell 8,000 versus estimates of a 4,000 increase.

   Other

            This is a must read piece that places the blame for slow economic growth not on huge government debt but on huge private debt coupled with overcapacity (medium):

            http://www.nakedcapitalism.com/2014/10/exclusive-private-debt-strangles-growth-stokes-financial-crises-increases-inequality.html

            Goldman’s global leading economic indicator pointing to slowdown (short):

            http://www.zerohedge.com/news/2014-10-01/goldman-global-leading-indicator-drastically-revised-collapses-confirmed-slowdown

Politics

  Domestic

A list of 72 types of individuals that are considered ‘extremists’ and ‘potential terrorists’ as outlined in official US government documents.  See how many you fit. (medium):

http://www.zerohedge.com/news/2014-10-01/no-social-media-list-extremists-and-potential-terrorists

  International

            Former Czech President on the EU (medium):

            http://www.zerohedge.com/news/2014-10-01/former-czech-president-blasts-wests-lies-about-russia-are-monstrous