Thursday, July 19, 2012

Morning Journal--The big four economic indicators


This Week’s Data

The Fed released its latest Beige Book; and the results are not unexpected nor different from anything Bernanke has been saying in his congressional testimony: retail spending is disappointing but manufacturing, housing, loan demand and sentiment are improving slowly. No hint of the need for QEIII.

Weekly jobless claims rose 36,000 versus estimates of up 15,000.