Morning Journal--the stability of the central bank era

Economics

   This Week’s Data

            The March Institute for Supply Management’s manufacturing index was reported at 51.3---a positive reading but below expectations of 54.0 and February’s reading (54.2).

            http://scottgrannis.blogspot.com/2013/04/manufacturing-index-points-to-2-3-gdp.html

            February constructions spending rose 1.2% versus estimates of an increase of 1.1%.

   Other

            Nouriel Roubini surveys the world’s economies (medium):

            http://www.project-syndicate.org/commentary/surveying-the-world-economy-s-myriad-problems-by-nouriel-roubini

            For the optimists amongst you (medium):

            http://www.aei-ideas.org/2013/03/if-profits-are-the-mothers-milk-of-stocks-weve-got-a-stock-market-rally-that-could-be-sustainable-for-a-long-time/

            The stability of the central bank era (short):

            http://www.zerohedge.com/news/2013-04-01/so-much-stability-centrally-banked-fiat-era

Politics

  Domestic

Tuesday morning humor (3 minute video):

http://www.clubforgrowth.org/perm/?postID=16115

            More crony capitalism (medium):

            http://www.zerohedge.com/news/2013-04-01/fed-lies-record-protect-bank-america-pulls-testimony

            Speaking of which, here is David Stockman’s latest armor piercing bullet (medium):

            http://www.nytimes.com/2013/03/31/opinion/sunday/sundown-in-america.html?pagewanted=all&_r=1&