Economics
This Week’s Data
The
International Council of Shopping Centers reported weekly retail sales by major
retailers down 0.2% versus the prior week but up 1.4% versus the comparable
period a year ago; Redbook Research reported month to date retail chain store
sales down 0.6% versus the similar timeframe a month a go but up 0.8% on a year
over year basis. This is the first set
of numbers that are Sandy
Weekly
mortgage applications were off 5.0%; purchase applications declined by a
similar amount. This is another
indicator influenced by Sandy.
Other
Weekly
gasoline update (short):
Politics
Domestic
Quote of the day
(short):
International
Chinese
debt levels put us all to shame (medium):
Great
article on the upcoming Chinese ‘elections’ and what they could mean longer
term (medium and today’s must read):
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