Morning Journal--The growing anti-dollar alliance

Economics

   This Week’s Data

            May factory orders fell 0.5% versus expectations of a 0.3% drop.

            Weekly jobless claims rose 2,000, in line.

            June nonfarm payrolls grew by 288,000 versus estimates of 211,000; unemployment dipped to 6.1% versus forecasts of 6.3%.

            The May US trade deficit came in at $44.4 billion versus consensus of $45.1 billion.

   Other

            The NY Fed’s Survey of Consumer Expectations (medium):

            http://www.zerohedge.com/news/2014-07-02/feds-inflation-survey-fed-would-rather-not-hear

            More countries join the anti-dollar alliance (medium):

            http://www.zerohedge.com/news/2014-07-02/brics-are-morphing-anti-dollar-alliance

Politics

  Domestic

Another thought on the Supreme Court’s ruling on private business funding contraception (short):

http://www.coyoteblog.com/coyote_blog/2014/07/libertarians-are-hosed.html

  International

            The latest from Ukraine (medium):

            http://www.zerohedge.com/news/2014-07-02/russia-warns-gas-crisis-fall-blasts-poroshenko-personally-responsible-new-deaths

            The latest from Iraq (medium):

            http://www.zerohedge.com/news/2014-07-02/russia-delivers-2nd-batch-jets-iraq-usa-unloads-4000-hellfire-missiles