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):
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