Morning Journal---Why you feel poorer

Economics

   This Week’s Data

            The June Small Business Optimism index came in at 95.0 versus expectations of 97.0.

   Other

            Why you feel poorer (medium):

            http://www.zerohedge.com/news/2014-07-07/why-you-feel-poorer

            And this---real earnings of private employees (medium):

            http://advisorperspectives.com/dshort/updates/Employment-Wages-and-Hours.php

            The latest on the Chinese banking system (medium):

            http://www.zerohedge.com/news/2014-07-07/could-be-last-straw-90-china-loan-guarantors-bankrupt

                Ken Rogoff on the EU’s debt problem (medium):

            http://www.project-syndicate.org/commentary/kenneth-rogoff-is-convinced-that-economic-recovery-will-require-some-form-of-debt-restructuring-or-rescheduling#A1j6jitbALvmPr6f.99

                Another foreign bank is getting whacked over sanctions abuse (medium):

                        http://www.zerohedge.com/news/2014-07-08/us-set-alienate-angry-germany-next-crackdown-shifts-bnp-commerzbank-deutsche-bank

                Weather disasters and GDP (short):

            http://www.zerohedge.com/news/2014-07-07/chart-day-weather-apologist-economists-worst-nightmare

Politics

  Domestic

  International

            The latest from Ukraine (medium):

            http://www.zerohedge.com/news/2014-07-07/russia-rushes-seal-south-stream-pipeline-lavrov-pays-bulgaria-visit