Hard hitting global and local news
Read the article: Flight Paths Over Turkey Analyzed; Obama Defends Turkey; Choose Your Friends and Enemies Wisely; Merkel Madness
Read More: Richmond Fed Region Negative Again; Inventories Suggest Outright Disaster on Horizon
The Financial Times reports Turkey Shoots Down Russian Fighter Jet on Syrian Border . Vladimir Putin has accused the Turkish government of providing financial and military support to Isis, in a furious response to the downing of a Russian fighter jet near the Syria-Turkey border.
Read More: Russian Warplane Down: NATO’s Act of War
Originally posted here: Why the West Won’t Hit ISIS Where it Hurts
Existing Home Sales Decline, NAR Calls Report "Disturbing"; First Time Buyers Decline Third Year; Housing Clearly Weakening Existing home sales came in a bit under Bloomberg Econoday Consensus , down 3.4% in October. Year-over-year trends are weakening. Sales of existing homes are not a source of strength for the economy, down 3.4 percent in October to a slightly lower-than-expected annualized rate of 5.36 million.
Link: Housing Rebound Didn’t Lift Economy as Much as Economists Expected: Why?; Six Questions for Zandi
Links Tracking ISIS to DC’s Doorsteps November 23, 2015 ( Ulson Gunnar – NEO ) – The problem with America’s "anti-ISIS coalition" is not a matter of poor planning or a lack of resources. It is not a matter of lacking leadership or military might. The problem with America’s "anti-ISIS coalition" is that it never existed in the first place
Cash is King for Holiday Shopping; 63% of Millennials Have No Credit Cards; Millennial Attitudes and Deflationary Trends As we head into the black Friday holiday shopping season, cash is king .