Morning Journal--Draghi's latest 'whatever it takes' strategy

Economics

   This Week’s Data

            Weekly jobless claims dropped 32,000 versus expectations of a 7,000 decline.

            http://www.calculatedriskblog.com/2014/04/weekly-initial-unemployment-claims_10.html

   Other

            The power of central banks.  Greek bonds anyone? (short):

            http://www.thereformedbroker.com/2014/04/09/the-power-of-central-banks-on-full-display-in-greece/

            Bad loans in the UK (medium):

            http://www.ft.com/intl/cms/s/0/6a414fd0-bf44-11e3-b924-00144feabdc0.html?siteedition=intl#axzz2yMHXWcLf

            Household balance sheets are still weak (short):

            http://pragcap.com/this-statistic-is-horrifying

            More data on consumer spending (short):

            http://www.zerohedge.com/news/2014-04-09/consumer-spending-recovery-stalls-pent-demand-fails-appear

                Baltic Dry Index continues to fall (short):

            http://www.zerohedge.com/news/2014-04-09/baltic-dry-collapses-worst-start-year-record

Politics

  Domestic

Ann Coulter on immigration (medium):

http://www.anncoulter.com/columns/2014-04-02.html#read_more

Pro business versus pro market (medium):

http://www.nationalreview.com/article/375309/pro-business-or-pro-market-jonah-goldberg

  International

            No alternative to Russian gas (short):

            http://www.zerohedge.com/news/2014-04-09/german-vice-chancellor-warns-no-alternative-russian-gas

            More ‘whatever it takes’ from Draghi; but will it work? (medium and a must read):

            http://advisorperspectives.com/commentaries/merk_040914.php