Friday, September 16, 2011

Morning Journal 9/16/11


This Week’s Data

The second quarter current account deficit came in at -$118 billion versus expectations of -$122 billion.

August industrial production was up 0.2% versus estimates that they would be unchanged; capacity utilization was 77.4 in line with forecasts.

The September Philadelphia Fed general business conditions index was reported at -17.5 versus expectations of -15.0 and August’s reading of -30.7.


A key metric for corporate profits, inflation and economic growth (short):



More poor investments (and accompanying shenanigans) from the White House (medium):

A history lesson from Thomas Sowell (medium):