Morning Journal---Stockman on Yellen

Economics

   This Week’s Data

            Weekly jobless claims fell 9,000 versus expectations of a 7,000 rise.

            February retail sales were up 0.3% versus estimates of up 0.2%; ex autos and gasoline, they were up 0.3% versus forecasts of up 0.1%.

   Other

            Baltic Dry Index plunges (short):

            http://www.zerohedge.com/news/2014-03-12/baltic-dry-plunges-8-near-most-6-years

            More on how the Fed failed America (medium):

            http://www.zerohedge.com/news/2014-03-12/how-fed-has-failed-america-part-2

            Why the ‘wealth effect’ doesn’t work (medium):

            http://www.zerohedge.com/news/2014-03-12/guest-post-why-wealth-effect-doesn%E2%80%99t-work

            Stockman on Yellen and the Fed (long but a must read):

            http://www.zerohedge.com/news/2014-03-12/david-stockman-yellenomics-and-folly-free-money

            More on the ineffectiveness of Fed policy (medium):

            http://advisorperspectives.com/dshort/guest/Lance-Roberts-140312-Ineffectiveness-of-QE.php

            Global debt now at $100 trillion (short):

            http://advisorperspectives.com/dshort/guest/Sasha-Cekerevac-140312-Global-Debt-Threat.php

Politics

            An easy Fed is already priced in (short):

            http://marginalrevolution.com/

  Domestic

Entitlement nation (medium):

http://www.aei-ideas.org/2014/03/entitlement-nation-the-federal-government-has-gradually-turned-into-a-gigantic-wealth-transfer-machine

  International

            Soros on the EU (medium):

            http://www.zerohedge.com/news/2014-03-12/soros-putins-blind-spot-and-why-europe-may-not-survive