Wednesday, March 12, 2014

Morning Journal---The failure of the Fed

Economics

   This Week’s Data

            The International Council of Shopping Centers reported weekly sales of major retailers up 1.3% versus the prior week and up 2.1% on a year over year basis; Redbook Research reported month to date retail chain store sales up 2.5% versus the comparable period a year ago.

            January wholesale inventories rose 0.6% versus expectations of +0.4%; unfortunately, sales fell 1.9%

            Weekly mortgage applications fell 2.1% while purchase applications were off 1.0%.

   Other

            The failure of the Fed (medium and today’s must read):

            Macro Market risk index indicates no recession (short):

            Latest survey on consumer spending (short):

            A different take on household net worth (medium):

No comments:

Post a Comment