Morning Journal--A detailed look at federal finances

Economics

   This Week’s Data

            The December producer price index fell 0.2% versus expectations of a 0.1% decline: ex food and energy, it rose 0.1% versus estimates of an increase of 0.2%.

            December retail sales were up 0.5% versus forecasts of up 0.2%; ex autos, they were up 0.6% versus an anticipated rise of 0.5%.

            The New York Fed January manufacturing index came in at -7.8 versus expectations of 0.0.

   Other

            A detailed look at federal finances (medium):

            http://scottgrannis.blogspot.com/2013/01/federal-finances-continue-to-improve.html

Politics

  Domestic

  International

            Geopolitical hotspots in 2013 (short):

            http://www.zerohedge.com/news/2013-01-14/geopolitical-hotspots-2013