Economics
This Week’s Data
The
July Case Shiller home price index rose 0.6% versus expectations of a 0.8%
increase.
Shiller
on the latest reading of his index (he’s not that jiggy; medium):
The
International Council of Shopping Centers reported weekly sales of major
retailers fell 1.0% versus the prior week but rose 1.6% versus the comparable
period a year ago; Redbook Research reported month to date retail chain store
sales up 3.6% on a year over year basis.
The
September Conference Board’s index of consumer confidence was reported at 79.7
versus estimates of 80.0 and August’s reading of 81.6.
The
Richmond Fed’s September manufacturing index came in at 0.0 versus forecasts of
10.5.
Weekly mortgage
applications were up 5.5% while purchase applications were up 7.0%.
August
durable goods orders were up 0.1% versus expectations of -0.5%; however, the
July number was revised down substantially.
Other
Overnight,
Germany
reported that consumer confidence hit a six year high and the China Beige Book
showed a slowdown in economic activity.
The
Troika responds to the Greek prediction of a primary budget surplus (short):
Politics
Domestic
International War Against Radical Islam
Another
diplomatic smackdown---it’s complicated, aka we are not discussing our nuclear
program (short):
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