Morning Journal--Chinese banks facing huge loan losses

 News on Stocks in Our Portfolios

            JNJ reaches accord on hip replacement suit (medium):

http://www.bloomberg.com/news/2013-11-19/j-j-unveils-hip-accord-that-may-be-worth-more-than-4-bln.html

Economics

   This Week’s Data

            The International Council of Shopping Centers reported weekly sales of major retailers up 0.1% versus the prior week and up 2.8% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 3.5% on a year over year basis.

            Weekly mortgage applications fell 0.1% but purchase applications rose 6.0%.

            http://www.calculatedriskblog.com/2013/11/mba-mortgage-refinance-applications.html

            October CPI came in -0.1% versus expectations of 0.0%; ex food and energy, it was +0.1% versus estimates of +0.2%.

            October retail sales increased 0.4% versus forecasts of 0.0%; ex autos and gas, they were up 0.3% as anticipated.

            http://www.calculatedriskblog.com/2013/11/retail-sales-increased-04-in-october.html

   Other

            ATA Trucking Index declines in October (short):

            http://www.calculatedriskblog.com/2013/11/ata-trucking-index-declines-in-october.html

            China maybe facing huge bank loan losses (medium/long but should be read):

            http://www.zerohedge.com/news/2013-11-19/big-trouble-massive-china-nation-might-face-credit-losses-much-3-trillion

Politics

  Domestic

Quote of the day (short):

http://cafehayek.com/2013/11/quotation-of-the-day-816.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CafeHayek+%28Cafe+Hayek%29

  International

            China and Japan on a collision course (medium):

            http://www.ft.com/intl/cms/s/0/be1c23b4-4f96-11e3-b06e-00144feabdc0.html?siteedition=intl#axzz2l7dqkp8T