Friday, September 16, 2011

Morning Journal 9/16/11


Economics

This Week’s Data


The second quarter current account deficit came in at -$118 billion versus expectations of -$122 billion.
http://mjperry.blogspot.com/2011/09/us-trade-with-rest-of-world-is-always.html

August industrial production was up 0.2% versus estimates that they would be unchanged; capacity utilization was 77.4 in line with forecasts.
http://scottgrannis.blogspot.com/2011/09/industrial-production-picks-up.html

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.
http://advisorperspectives.com/dshort/updates/Philly-Fed-Business-Outlook.php


Other

A key metric for corporate profits, inflation and economic growth (short):
http://advisorperspectives.com/dshort/updates/Profit-Margins-and-Inflation-Risk.php

Politics

Domestic


More poor investments (and accompanying shenanigans) from the White House (medium):
http://michellemalkin.com/2011/09/15/lightsquared-the-next-obama-pay-for-play-morass/

A history lesson from Thomas Sowell (medium):
http://townhall.com/columnists/thomassowell/2011/09/15/back_to_the_future_part_iii