Wednesday, August 31, 2011

Morning Journal 8/31/11


Economics

This Week’s Data


Weekly mortgage applications fell 9.6% but the all important purchase applications rose 0.9%
http://www.calculatedriskblog.com/2011/08/mba-mortgage-purchase-activity-near-15.html

Other

According to the MIT project, inflation just hit 4% (short):
http://www.zerohedge.com/news/annual-inflation-hits-4

Politics


Domestic

More on Alan Krueger (short):
http://www.capitalspectator.com/archives/2011/08/who_is_alan_kru.html#more

And his work (short):
http://mjperry.blogspot.com/2011/08/obamas-chief-economic-advisor-made.html

I have long thought that everyday Californians must wake up and ask themselves ‘what can we do today to f*** this state up more?’; and then they go do it. (short):
http://mjperry.blogspot.com/2011/08/babystting-bill-will-likely-soon-become.html