Maybe it’s due to a global savings glut. Or perhaps fear continues to lurk in the hearts of overseas investors, inspiring a constant flow into safe-haven Treasuries in spite of firmer economic activity.
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GOP moves closer to avert gov’t shutdown, but risks still lurk: The Hill
Turkey may intervene in Syria unless US pulls support for Kurds: Reuters
US industrial production rises a strong 0.9% in December: USA Today
Housing Market Index for US ticks down in Jan after 18yr high: HousingWIre
Fed Beige Book: US economy, inflation rise at modest-to-moderate pace: CBS
Prof. Barry Eichengreen: Fed isn’t prepared for the next recession: Japan Times
China’s official economic data overstate the country’s growth rate: NY Times
Dow Jones Industrial Avg closed above 26,000 for first time: Wall Street Journal