Morning Journal---The statistical recovery continues

Economics

   This Week’s Data

            The International Council of Shopping Centers reported weekly sales a major retailers up 0.1% versus the prior week and up 3.9% on a year over year basis; Redbook research reported month to date retail chain stores sales up 1.1% versus the comparable period a month ago and up 5.4% versus the similar timeframe last year.

            August consumer credit grew only $13.5 billion versus expectations of up $20 billion and the July reading of up $26 billion.

            http://www.zerohedge.com/news/2014-10-07/student-and-car-debt-exponential-credit-card-debt-declines

            Weekly mortgage applications rose 3.8% while purchase applications were up 2.0%.

   Other

            The statistical recovery continues (medium):

            http://streettalklive.com/index.php/blog.html?id=2437

            What’s up with the dollar (medium)?

            http://www.alhambrapartners.com/2014/10/05/whats-up-with-the-dollar/

Politics

  Domestic

George Will on campaign finance and free speech (5 minute video):

http://www.clubforgrowth.org/uncategorized/george-will-campaign-finance-reform/