Friday, September 12, 2014

Morning Journal--Dream weaving at the Bank of Japan

Economics

   This Week’s Data

            The August US budget deficit was $128.7 billion versus expectations of $130.0 billion.

            August retail sales rose 0.6%, in line; ex autos and gas, they were up 0.5% versus estimates of up 0.4%; July sales were revised up across the board.

   Other

            Quote of the day---the role of the Fed (short):

            The failures of the Fed (medium):

            Bloomberg’s comfort index (chart):

            Dream weaving at the Bank of Japan (short):


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