Wednesday, July 9, 2014

Morning Journal---When regulations make matter worse

Economics

   This Week’s Data

            The International Council of Shopping Centers reported weekly sales of major retailers up 1.7% versus the prior week and up 3.3% on a year over year basis; Redbook research reported month to date retail chain store sales down 1.2% versus the comparable period a month ago but up 6.0% versus the similar timeframe last year.

            Weekly mortgage applications rose 1.9% while purchase applications were up 4.0%.

   Other

            The latest JOLTS survey (short):

            The good news (medium):

                Thoughts on inversion (medium):

                Citicorp is set to pay $7 billion in mortgage fraud suit; still no jail time (medium):

Politics

  Domestic

When regulations make matters worse (short):

The irony of it all (short):

  International

            The hostilities in Israel/Palestine are now adding to the volatile mix in the Middle East (medium):


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