Morning Journal-Lacy Hunt on debt

Economics

   This Week’s Data

            The September Institute for Supply Management’s manufacturing index rose to 51.1 versus expectations of 49.7.

            http://www.capitalspectator.com/archives/2012/10/manufacturing_s.html#more

            August construction spending fell 0.6% versus estimates of an increase of 0.6%.

           

   Other

            The EU misery index (short):

            http://www.zerohedge.com/news/2012-10-01/euro-zone-misery-has-never-been-higher

            Why the recent build up in debt has been so counter productive (6 minute video with Lacy Hunt---a must watch):

            http://www.zerohedge.com/news/2012-10-01/guest-post-lacy-hunt-no-increase-standard-living-1997

            Lessons from Iceland and Argentina (short):

            http://www.zerohedge.com/news/2012-10-01/spot-odd-one-out

            More lawsuits facing JP Morgan (medium):

            http://www.zerohedge.com/news/2012-10-01/jpmorgan-sued-ny-ag-over-shit-breathing-bear-stearns-rmbs-fraud

            Weekly update on gasoline prices (short):

            http://advisorperspectives.com/dshort/updates/Gasoline-Update.php