Thursday, December 6, 2012

Morning Journal--Why zero interest rates haven't worked

Economics

   This Week’s Data

            October factory orders rose 0.8% versus expectations of a 0.1% decline.

            The November Institute for Supply Management’s nonmanufacturing index came in at 54.7 versus estimates of 53.6 and 54.2 recorded in October.

            Weekly jobless claims fell 25,000 versus forecasts of a 10,000 drop.

   Other

            Why a zero interest rate policy isn’t working (medium and today’s must read):

            Chart porn on student debt (short):

Politics

  Domestic

            Boehner’s purge of the GOP (short):

            The audacity of hypocrisy (short):

 

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