Tuesday, September 20, 2011

Morning Journal 9/20/11


Economics

This Week’s Data


August starts fell 5.6% versus expectations of a decrease of 2.3%; on a more positive note, building permits increased slightly versus estimates of a small decline.

Other

The Fed is over shooting its inflation target (medium):
http://bit.ly/mWndhS

A look at household net worth (medium):
http://advisorperspectives.com/dshort/commentaries/Household-Net-Worth.php

Earnings estimates and Market direction (short):
http://advisorperspectives.com/dshort/guest/Chris-Turner-Earnings-Estimates-110919.php

No need for an Operation Twist from the Fed (medium):
http://scottgrannis.blogspot.com/2011/09/no-need-for-operation-twist.html


Politics

Domestic


More on the Solyndra fraud (long):
http://www.nationalreview.com/articles/277512/solyndra-fraud-andrew-c-mccarthy

And (medium):
http://www.zerohedge.com/news/why-was-congress-forced-subpoena-head-obamas-budget-office-get-info-solyndra