Slow Growing: Bad News for Jobs, Housing; CPI Tame

Thursday's economic reports featured mostly bad news, with housing starts plunging and jobless claims rising while inflation remained under control. 

Eurozone in longest recession since birth of currency bloc
U.S. Deficit Narrows to $642 Billion in New CBO Estimate
City of Detroit is financially 'insolvent'
Is the Fed Prepping Markets for the End of QE?