The Daily Shot: Yuan Down, Bitcoin Up

The United States 1. Let’s begin with the latest US PPI report which surprised to the downside. Some economists have suggested that this slowdown is temporary and should be picking up steam as import prices stabilize. In the long run, if the US raises tariffs, we should see a significant jump in wholesale prices.
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2. US mortgage applications for home purchase continue to decline.

This post was published at Wall Street Journal on Nov 17, 2016.