This Week’s Data
The International Council of Shopping Centers reported weekly sales of major retailers down 1.5% versus the prior week but up 2.9% on a year over year basis: Redbook Research reported month to date retail chain store sales up 3.9% versus the comparable period last year.
October wholesale inventories rose 0.4% versus estimates of +0.2%; sales increased only 0.2%.
Weekly mortgage applications were up 7.3%, while purchase applications advanced 1.0%.
Fannie and Freddie approve 3% down mortgages (short):
Obama’s $1.7 million one night stand (short):
A summary of the senate ‘torture’ report (medium):
International War Against Radical Islam
Iran caught cheating, again (short):