And some Friday reading:
Calculated Risk - retail sales increased 0.6% in June and industrial production increased 0.6% in June. Looks like the slowdown is over.
Tim Duy the economics guy - data dump. Quote:
Bottom Line: Generally solid data sufficient to keep the prospect of a rate hike or two alive for this year. But soft or mixed enough on key points to lean policy closer to the former than the latter.So quit piddling your panties.
der Spargel - EC knew for years about emissions fraud. Because of course they did. But at least now they can lay the blame on the Spaniard who let it slide instead of the Germans who committed massive fraud.