Morning Journal---the declining dollar

Economics

   This Week’s Data

            Weekly jobless claims fell 10,000 versus expectations of a 3,000 increase.

            http://advisorperspectives.com/dshort/updates/Weekly-Unemployment-Claims.php

                Revised fourth quarter GDP growth came in at 2.6% versus estimates of 2.7%; the price deflator was 1.6%, in line; and corporate profit growth was +6.0% versus forecasts of +5.6%

   Other

            Food prices up 19% (short):

            http://www.zerohedge.com/news/2014-03-26/real-inflation-fear-us-food-prices-are-19-2014

            The dollar is falling in value (short and a must read):

            http://advisorperspectives.com/dshort/guest/Michael-Lombardi-140327-Dollar-Update.php

Politics

  Domestic

Hobby Lobby and Obamacare (medium):

http://www.nationalreview.com/article/374108/war-hobby-lobby-rich-lowry

            Quote of the day (short):

            http://cafehayek.com/2014/03/quotation-of-the-day-942.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CafeHayek+%28Cafe+Hayek%29

  International

            Empty threats (medium):

            http://www.nationalreview.com/article/373856/empty-threat-future-judgment-jonah-goldberg

            Krauthammer on Obama/Kerry (medium):

            http://www.washingtonpost.com/opinions/charles-krauthammer-obamas-pathetic-response-to-putin/2014/03/20/6ef35b9c-b065-11e3-95e8-39bef8e9a48b_story.html

            Latest from Ukraine (medium):

            http://www.zerohedge.com/news/2014-03-27/and-now-real-economic-pain-begins-imf-unleashes-27bn-bailout-near-bankrupt-ukraine

                        http://www.zerohedge.com/news/2014-03-26/showdown-ukraine-putin%E2%80%99s-quest-ports-oil-pipelines-gas

                        More on the politics of the IMF (medium and a must read):

            http://www.zerohedge.com/news/2014-03-26/how-brics-just-kicked-out-g-7-out-g-20