The International Council of Shopping Centers reported weekly sales of major retails down 1.8% versus the prior week but up 2.8% on a year over year basis; Redbook Research reported month to date retail chain store sales up 4.8% versus the comparable period a year ago.
More on Thanksgiving retail sales (short):
October construction spending rose 1.1% versus expectations of up 0.5%.
November light vehicle sales were up 4.6%.
Weekly mortgage applications declined 7.3% but purchase applications were up 3.0%.
November ADP private payrolls report showed job growth of 208,000 versus estimates of +225,000.
Who pays for government (short)?
Has the economic recovery been under sold? (medium):
A German banker’s view of QE (medium and today’s must read):
Will Italy exit the EU? (medium):