This Week’s Data
July industrial production was reported at +0.6% versus expectations of +0.5%; capacity utilization came in at 79.4% versus estimates of 79.2%.
Weekly jobless claims rose 5,000 versus forecasts of up 1,000.
July housing starts fell 1.8% versus expectations of a 1.3% drop; however, building permits soared 7.5% versus estimates of a 1.5% increase.
(One of) Bernanke’s errors (medium):
Another---this is a little ‘in the weeds’ but the bottom line is that ‘shadow bank’ liabilities are falling faster than bank liabilities are rising, hence QE’s accomplish nothing (medium):
A question for bank regulators (medium):
Comparing debt levels of EU versus the US (short and must read):
Two measures of inflation (short/medium):
More on Muslims in government (medium):
Dems ask debate commission to disallow questions on Simpson Bowles (short):
Eric Holder and voter ID’s (medium):
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