Wednesday, April 9, 2014

Morning Journal--Stockman takes aim at the employment numbers

Economics

   This Week’s Data

            The International Council of Shopping Centers reported weekly sales of major retailers up 1.5% versus the prior week and up 1.5% on a year over year basis: Redbook Research reported month to date retail chain store sales up 2.9% versus the comparable period a year ago.

            Weekly mortgage applications fell 1.6% but purchase applications rose 3.0%.

   Other

            An interesting graph on the history of wealth distribution (short):

            Goldman appears to be exiting not only high frequency trading but also its ‘dark pool’ exchange (medium):

            David Stockman takes aim at the employment numbers (medium and a must read):

Politics

  Domestic

Retiring SEC lawyer blasts his former agency (medium and today’s must read):

  International

            How effective can US sanctions against Russia be? (medium):


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