Thursday, September 22, 2011

Morning Journal 9/22/11


Economics

This Week’s Data


August existing home sales jumped 7.7% versus expectations of a 1.7% increase.
http://www.calculatedriskblog.com/2011/09/existing-home-sales-comments-and-nsa.html

Weekly jobless claims fell 5,000 in line with estimates.
http://www.calculatedriskblog.com/2011/09/weekly-initial-unemployment-claims_22.html


Other

Bad news out of Europe (medium):
http://www.zerohedge.com/news/european-service-activity-contracts-first-time-two-years-global-recession-now-ensured

And China (medium):
http://www.zerohedge.com/news/china-cds-spikes-highest-mar09-pmi-disappoints