Thursday: Retail Sales, Unemployment Claims, NY Fed Q2 Household Debt and Credit Report

From the WSJ: Surge in Commercial Real-Estate Prices Stirs Bubble Worries The valuations of office buildings sold in London, Hong Kong, Osaka and Chicago hit record highs in the second quarter of this year and reached post-1999 highs in New York, Los Angeles, Berlin and Sydney, according to industry tracker Real Capital Analytics. I haven't seen the wild speculative CRE lending like in 2005 and 2006, so I'm not concerned. Thursday: • At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for claims to be unchanged at 270 thousand. • Also at 8:30 AM,......(read more)

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