Morning Journal--Biting the bullet in China

 This Week’s Data

            The real employment situation in the US (medium):

            http://www.nakedcapitalism.com/2014/01/wolf-richter-chart-true-representation-employment-crisis-country.html

            December nonfarm payrolls rose 74,000 versus expectations of up 200,000 (weather); the unemployment rate dropped to 6.7% from 7% (dropouts).

            http://www.calculatedriskblog.com/2014/01/december-employment-report-74000-jobs.html

   Other

            Citi’s economic surprise index (short):

            http://www.businessinsider.com/citi-economic-surprise-index-surging-2014-1

Politics

  Domestic

  International

            Biting the bullet in China (medium):

            http://blogs.ft.com/beyond-brics/2014/01/08/hello-2014-biting-the-bullet-in-china/?#axzz2pvlMQfRT

            More on the Gates memoir (medium):

            http://www.politico.com/magazine/story/2014/01/gates-memoir-obama-rich-lowry-101936.html?ml=m_t3_2h#.Us75z9JDuAi