Economics
This Week’s Data
The
International Council of Shopping Centers reported weekly sales of major
retailers up 0.7% versus the prior week and up 1.8% versus the comparable
period a year ago: Redbook Research reported month to date retail chain store
sales up 1.4% versus the similar timeframe last month and up 1.6% on a year
over year basis.
The
October US budget deficit was $120 billion versus expectations of $113 billion
and a September surplus of $75 billion.
Weekly
mortgage applications jumped 12.6% while purchase applications rose 11.0%---a
rebound from the Sandy
The
October producer price index fell 0.2% versus estimates of an increase of 0.2%;
ex food and energy, it also declined 0.2% versus forecasts of a 0.2% rise.
October
retail sales dropped 0.3% versus expectations of a 0.1% fall; ex autos, the
number was -0.2% versus and anticipated increase of 0.2%---again, these stats
reflect the influence of Sandy
Other
The
history of financial crisis (medium):
Weekly
gasoline update (short):
Small
business sentiment ticks up slightly (medium):
Politics
Domestic
The morality of
free markets (5 minute video):
We are all
Europeans now (medium):
The real risks
of Obamacare (medium):
An interesting
study on the 1% and the election results (short/medium):
Debt,
taxes and politics (medium):
International War Against Radical Islam
Mark
Steyn on losing another war (medium):
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