Wednesday, June 18, 2014

Morning Journal--Update on debt in America

Economics

   This Week’s Data

            The International Council of Shopping Centers reported weekly sales of major retailers up 0.4% versus the prior week and up 3.1% on a year over year basis; Redbook Research reported month to date retail chain store sales up 3.5% versus the comparable period a year ago.

            Weekly mortgage applications fell 9.2% while purchase applications were down 5.0%.

            First quarter trade deficit was $111.2 billion were expectations of $99.8 billion.

   Other

            Employment continues to normalize (short):

            The worrisome growth on non-discretionary consumer debt (long):

            Bank of Japan’s balance sheet is about to go parabolic (medium):

            Update on debt in America (medium):

Politics

  Domestic

Hillary’s ‘do as I say, not as I do’ approach to estate taxes (medium):

Ann Coulter on Eric Cantor’s loss (medium):

The White House’s pathetic response to the Bergdahl criticism (medium):

  International

            US captures Benghazi mastermind (medium):

            From ISIS: the most unusual annual report that you will ever see (medium):

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