Morning Journal--Home equity loans are firing up again

Economics

   This Week’s Data

            The May Markit PMI came in at 56.4 versus expectations of 56.2.

            May ISM manufacturing index was reported at 55.4 versus estimates of 55.5.

            http://scottgrannis.blogspot.com/2014/06/manufacturing-report-modest-positive.html

            April construction spending rose 0.2% versus forecasts of +0.7%.

            http://www.calculatedriskblog.com/2014/06/construction-spending-increased-02-in.html

   Other

            Home equity loans are firing up again (medium and a must read):

            http://www.nakedcapitalism.com/2014/06/ilargi-illusionary-economy-revives-helocs-home-atm.html

            Is the housing recovery over? (medium):

            http://advisorperspectives.com/dshort/guest/Keith-Jurow-140603-Housing-Market-Recovery-Is-Over.php

Politics

  Domestic

  International

            The latest from Ukraine:

            http://www.reuters.com/article/2014/06/02/us-ukraine-crisis-russia-un-idUSKBN0ED2AF20140602