Wednesday, September 10, 2014

Morning Journal--the latest from David Rosenberg

Economics

   This Week’s Data

            The International Council of Shopping Centers reported weekly sales of major retailers up 0.7% versus the prior week and up 4.0% on a year over year basis; Redbook Research reported month to date retail chain store sales up 0.2% versus the comparable period last month and up 4.9% versus the similar timeframe a year ago.

            Weekly mortgage applications fell 7.2% while purchase applications were down 3.0%.
           
   Other

            The latest from David Rosenberg (medium and a must read):

            Tracking the decline in risk aversion (medium):

            The case for coming inflation (medium):

Politics

  Domestic

The budget crisis could end one of two ways (medium):

Wednesday morning humor---11 ways to know that you live in a country run by idiots.

  International

            Here is the preliminary report from the Dutch Safety Board on the downing of MH17 over Ukraine (medium):


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