Economics
This Week’s Data
The International Council of Shopping Centers reported weekly sales of major retailers up 1.3% versus the prior week and up 3.3% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 0.2% versus the similar timeframe last month and up 4.5% on a year over year basis.
August US import prices declined 0.4% while export prices rose 0.5%.
Weekly mortgage applications rose 6.3% while purchase applications jumped 7.0%.
http://www.calculatedriskblog.com/2011/09/mba-mortgage-purchase-application-index_14.html
The August producer price index was unchanged in line with estimates; core PPI was up 0.1% versus forecasts of up 0.2%.
August retail sales were unchanged versus expectations of an increase of 0.2%; ex autos sales were up 0.1% versus estimates of up 0.2%.
Other
A look at household income (medium):
http://advisorperspectives.com/commentaries/dshort_91311.php
A look a global industrial activity. It is not a pretty picture and in my mind raises the odds of a recession here (today’s must read(:
http://www.investmentpostcards.com/2011/09/14/august-global-pmi-roundup-august-2011-weak-but-still-growing/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+wordpress%2FVYxj+%28Investment+Postcards+from+Cape+Town%29
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