Morning Journal--CEO outlook from the Business Roundtable

Economics

   This Week’s Data

            January business inventories rose 1.0% versus expectations of an increase of 0.5%.  Sales didn’t keep up so the I/S ratio rose.

            Weekly jobless claims fell 8,000 versus estimates of a 10,000 increase.

            http://www.calculatedriskblog.com/2013/03/weekly-initial-unemployment-claims_14.html

            February PPI came in up 0.7% versus forecasts of up 0.6%; ex food and energy, the number was +0.2% in line.

            The fourth quarter current account deficit was $110.4 billion versus expectation of $111.9 billion.

   Other

            CEO’s outlook from the Business Roundtable (short):

            http://www.zerohedge.com/news/2013-03-13/major-us-ceos-outlook-rising-jobs-capex-worst-early-2010

Politics

  Domestic

My favorite liberal on healthcare (medium):

http://dailycaller.com/2013/03/13/saving-obamacare-maybe-beebe/

            Obamacare sticker shock (medium):

            http://www.startribune.com/business/197791231.html?page=1&c=y

            Another jim dandy Obama appointee (medium):

            http://michellemalkin.com/2013/03/13/obamas-nominee-for-secretary-of-illegal-alien-labor/

  International

            Japanese welfare recipients hit all time high---in effort to out pace the US, just kidding):

            http://www.zerohedge.com/news/2013-03-13/japanese-welfare-recipients-hit-all-time-high