CTH has pointed, repeatedly, toward a very specific economic and financial dynamic  because President Trump is uniquely focused on Main Street’s “real economy“.
Everything happening in/around the financial markets is very predictable when you focus on understanding the principles of Main Street MAGAnomics and how those basic principles diverge from Wall Street’s “paper economy” (currently weighted by tech stocks).

Everything is happening in a very predictable sequence. Few understand the MAGAnomic reset and what was predicted to happen in the space between disconnecting a Wall Street economic engine (globalism and multinationals) and restarting a Main Street economic engine (nationalism/America-First).  In 2016 CTH explained where we would be today. With current Wall Street events, perhaps it is worthwhile remembering the CTH forecast.

Originally outlined far more than a year ago. Reposted by request on Oct 11th.

President Trump’s MAGAnomic trade and foreign policy agenda is jaw-dropping in scale, scope and consequence. There are multiple simultaneous aspects to each policy objective; however, many have been visible for a long time – some even before the election victory in November ’16.  What is happening within the financial markets should not be a surprise.
If we get too far in the weeds the larger picture is lost. Our CTH objective is to continue pointing focus toward the larger horizon, and then at specific inflection points to dive into the topic and explain how each moment is connected to the larger strategy.
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President Trump’s statement on Saudi Arabia is one of the most forthright explanations of foreign policy by a US President, ever. No obfuscation; no convoluted parseltongue; just plainly spoken brutal honesty.  The Saudis may do bad things but they are better than their enemies, and our alliance with them is in our national interest.  Secretary of State Mike Pompeo delivers a similar statement in his media press briefing today.
Secretary Pompeo remarks about Saudi Arabia begin at 04:05 of video below:

Late last night another activist judge, U.S. District Judge Jon Steven Tigar in San Francisco (Obama appointee), issued a temporary restraining order against the Trump administration’s modified emergency asylum policy which barred asylum for aliens who enter the country illegally.
[Read Court Ruling HERE] Setting up, yet again, another likely higher court appeal/decision.
While a challenge was predictable, frustrating and likely to be spun up by media, the ruling only applies to aliens who gain illegal entry and request asylum.
Nothing in the ruling stops the hardened border enforcement and/or current expedited review and deportation program. In essence, keep the illegal aliens out and the judicial ruling is moot (until defeated in higher courts).
Though it might frustrate the left-wing media and the open borders crowd, no court can successfully demand the President of the United States to stop border enforcement.  This is why it is critical to have a strong DHS Secretary focused on stopping illegal entry.
This ruling will obviously be appealed by the DOJ; and politically the Democrats realize, in the bigger picture, this ‘open-border’ narrative is not good for them.  On its face this ruling is ridiculous as it eliminates/undermines the legal process for asylum requests by removing the distinction of illegal or unlawful conduct in the application process.
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A guilt ridden departing governor Jerry Brown concedes that President Donald Trump is absolutely correct in the California mismanagement of the forestry.  With the death of untold numbers of people –yet to be discovered– Jerry Brown knew immediate changes were needed to logging regulations to thin the California forests.  Trump was right!

CALIFORNIA August 2018 – Gov. Jerry Brown is proposing broad new changes to California’s logging rules that would allow landowners to cut larger trees and build temporary roads without obtaining a permit as a way to thin more forests across the state.
The proposal — which has the support of the timber industry but is being opposed by more than a dozen environmental groups — would represent one of the largest changes to the state’s timber harvesting rules in the past 45 years.

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History is full of examples of what happens when illegal migration patterns are halted. We only need to look toward Tunisia, Libya and Morocco for recent examples. As the Central American migration horde begins to bottleneck within northern Mexico, it is likely President-elect Lopez-Obrador is beginning to evaluate those prior consequences.
President Trump took pro-active steps to harden the U.S. border through the deployment of U.S. military, and specifically through Corps of Engineers working in concert with U.S. Customs and Border Patrol to make illegal entry into the U.S. far more difficult.

Tijuana Mayor Juan Manuel Gastelum

As an outcome, the mass influx of Central American travelers is backing-up in Tijuana Mexico; and this mass collection of people -mostly military aged males- will almost certainly continue for the next six months.  It did not take long for Tijuana Mayor Juan Manuel Gastelum to see the impact to his town.  Local protests began within days of the first several thousand arriving. Things will likely not end well unless active steps are taken soon to turn around the migrants.

TIJUANA, Mexico — Hundreds of Tijuana residents, opposed to what they described as the “chaos” of the Central American migrant caravan, gathered at a prominent roundabout in Tijuana Sunday morning, before marching to a large, temporary shelter, which now holds about 2,400 migrants.

They chanted “Mexico! Mexico!” and “yes to migrants, no to invaders!” They sang the national anthem and waved Mexican flags and banners and signs, with messages urging the migrants to go home and urging the government to take action.

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Former federal prosecutor Joe diGenova appears on WMAL radio for a discussion of the joint house committee issuing subpoenas for Loretta Lynch, James Comey and Sally Yates.  diGenova brings up a good point, what happens if they just simply refuse to comply?  Answer: Nothing.  From diGenova’s perspective it’s chaff and countermeasures.
In this interview a fired-up diGenova strongly lambasts Bob Goodlatte, Trey Gowdy, Paul Ryan and Kevin McCarthy for enabling a highly political Rod Rosenstein and Robert Mueller to cover-up the institutional corruption within the DOJ and FBI.

Retiring House Oversight Committee Chairman Trey Gowdy discusses the need to subpoena James Comey, Loretta Lynch and Sally Yates for testimony between the joint Oversight and Judiciary Committee.

Victor Davis Hanson appears for an interview with Mark Levin to discuss his support for President Trump and current political challenges. The affluence of America driving the influence of Marxism by demanding equality of outcome.

Having facilitated years of election fraud; and having amassed significant wealth -via indulgency fees- from the benefactors therein; apparently the fiasco election of 2018 will be Brenda Snipes last.  Good riddance.

FLORIDA – Just hours after finishing a tumultuous election recount on Sunday, Broward Supervisor of Elections Brenda Snipes submitted her resignation.
“It is true. She did send it,” said Burnadette Norris-Weeks, an attorney who works as counsel to the Supervisor of Elections Office.
Evelyn Perez-Verdia, a former office spokeswoman who left several years ago, said Sunday evening she was told by people in the office that the letter was sent “to Tallahassee” earlier in the day.

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Interesting interview covering multiple aspects to the change in House power. Soon to be in the minority, HPSCI Chairman Devin Nunes discusses the likely diminished investigation into DOJ/FBI corruption as a result of Rod Rosenstein and “Dirty Cops” running out the clock.
One of the interesting points noted by Nunes is how Speaker Paul Ryan requested the DOJ and FBI declassify internal emails for House committee use. However, DAG Rod Rosenstein refused to provide the emails which highlighted how officials within the institution abused their authority.
It will be interesting to watch how the “trust the plan” group, those proclaiming Rod Rosenstein is the harbinger of DOJ virtue, reconcile today’s interview with Devin Nunes.