Friday, October 14, 2011

Morning Journal 10/14/11


News on Stocks in Our Portfolios

Fastenal reported third quarter earnings per share of $.33, in line with expectations.

Economics

This Week’s Data


September retail sales rose 1.1% versus expectations of an increase of 0.7%; ex autos, sales were up 0.6% versus estimates of up 0.3%--at first blush, very positive numbers and nothing indicative of a recession.


Other

A free floating yuan? Be careful what you wish for (medium):
http://www.nakedcapitalism.com/2011/10/is-a-rising-yuan-inevitable.html

Boomer demographics (medium):
http://advisorperspectives.com/commentaries/dshort_101311.php

Foreigners are dumping US Treasuries (medium):
http://www.zerohedge.com/news/foreigners-dump-74-billion-treasurys-6-consecutive-weeks-biggest-sequential-outflow-history

Exports are rising (short):
http://scottgrannis.blogspot.com/2011/10/export-growth-continues-strong.html

Politics

Domestic

International War Against Radical Islam


Forget the Arab Spring, we may be looking at a cold, hard winter (medium):
http://www.zerohedge.com/news/iranian-clerics-call-attacks-and-suicide-bombings-global-saudi-interests