Friday, May 31, 2013

Morning Journal---Europe just keeps getting worse

Economics

   This Week’s Data

            April pending home sales rose 0.3% versus expectations of a 1.4% increase.

            April personal income came in flat versus estimates of a 0.1% increase; personal spending fell 0.2% versus forecasts that it would be unchanged.

            ***over night, Japanese industrial production was stronger than anticipated, inflation was in line and household spending was weaker than expected.  In Europe, unemployment came in a t record highs and CPI was higher than estimates.

   Other

            World credit cycle rolling over (medium):

            The Fed and interest rates (medium):

Politics

  Domestic

The latest comic turn in the Eric Holder scandal (short):

  International

            The road that Europe is on (short):

            And (short):

                And a special hat tip to Sweden (medium):


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