This Week’s Data
The International Council of Shopping Centers reported weekly sales of major retailer down 0.4% versus the prior week but up 3.7% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 2.5% on a year over year basis.
Second quarter productivity was reported at +2.2% versus expectations of +1.9%; unit labor costs rose 1.5% versus estimates of up 1.4%.
Weekly jobless claims fell 9,000 versus forecasts of a decline of 4,000.
August auto sales (short):
Chinese industrial production declines (chart):
Are you better off---a look at the numbers (medium):
The math of the auto bailout (medium):
The math of taxing millionaires and billionaires (medium):
The math of too big to fail (medium):
More evidence of Wall Street/SEC inbreeding to the detriment of investors (long/medium):
Medicare’s unsustainability (short):
International War Against Radical Islam
USS Stennis will soon join two other carriers off Iranian coast (medium):
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