This Week’s Data
The International Council of Shopping Centers reported weekly sales of major retailers up 0.6% versus the prior week and up 4.2% on a year over year basis; Redbook Research reported month to date retail chain store sales up 4.0% versus the comparable period last year.
The June Case Shiller home price index fell 0.2% versus expectations of up 0.1%.
The August Richmond Fed manufacturing index came in at 12 versus forecasts of 6.
Weekly mortgage applications rose 2.8% while purchase applications were up 3.0%.
Why you should fear rising interest rates (medium):
French political unrest a symptom of what is ailing the EU (medium):
What is the ECB going to do? (medium):
More on student loans (short):
Why oil is falling in price (short):
More government incompetence (medium):
Pompous displays of ignorance (short):
Another genius suggestion from the ruling class (just read the intro):
US to bomb both ISIS and the Syrian regime. Does this remind anyone else of Alice in Wonderland?