Morning Journal---Lessons from the 2012 election

Economics

   This Week’s Data

            Weekly jobless claims fell 8,000 versus expectations of a 7,000 increase.

            The September US trade deficit came in at $41.5 billion versus estimates of $45.4 billion.

   Other

            Head of the San Francisco Fed says that there will be no problems with all the money printing.  He needs a bridge seller’s license (medium):

            http://www.zerohedge.com/news/2012-11-07/guest-post-no-undue-fallout-money-printing

The US economy continues to improve (short):

            http://www.aei-ideas.org/2012/11/the-us-economy-is-now-producing-2-2-more-output-than-before-the-recession-but-with-3-84-million-fewer-workers/

            Goldman downgrades GDP growth outlook (short):

            http://pragcap.com/goldman-downgrades-the-growth-outlook

            Update on student loans (short):

            http://www.zerohedge.com/news/2012-11-07/september-uncle-sam-continued-hand-out-car-and-student-loans-drunken-sailor

Politics

  Domestic

Lessons from the 2012 election (medium):

http://www.ritholtz.com/blog/2012/11/lessons-from-2012-election/

  International

            Bureaucrats are the same, no matter where you find them (medium):

            http://www.nakedcapitalism.com/2012/11/wolf-richter-eu-bureaucrats-dont-follow-own-austerity-prescription-siphon-off-eu-money.html