Thursday, March 13, 2014

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):

            More on how the Fed failed America (medium):

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

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

            More on the ineffectiveness of Fed policy (medium):

            Global debt now at $100 trillion (short):

Politics

            An easy Fed is already priced in (short):
            http://marginalrevolution.com/

  Domestic

Entitlement nation (medium):

  International

            Soros on the EU (medium):

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