Morning Journal--Business expansion versus Fed expansion

Economics

   This Week’s Data

            The November Markit PMI came in at 54.3 versus expectations of 53.0.

            However, the Philadelphia Fed manufacturing index was reported at 6.5 versus estimates of 15.5.

            http://www.calculatedriskblog.com/2013/11/philly-fed-manufacturing-survey.html

   Other

            TIPS are priced for low inflation and weak growth (medium):

            http://scottgrannis.blogspot.com/2013/11/tips-are-priced-to-low-inflation-and.html

            Negative home equity declined rapidly in the third quarter (short):

            http://www.calculatedriskblog.com/2013/11/zillow-negative-equity-declines-sharply.html

            Economic expansion now in top 20% in history; Fed expansion at the top of the list (short):

            http://www.zerohedge.com/news/2013-11-21/only-20-economic-expansions-history-have-lasted-longer