Thursday, October 06, 2011

Morning Journal 10/6/11


Economics

This Week’s Data


The Institute for Supply Management’s September nonmanufacturing index was reported at 53.0, in line with expectations and versus the August reading of 53.3.
http://scottgrannis.blogspot.com/2011/10/more-signs-economy-continues-to-grow.html

Weekly jobless claims rose 10,000 versus estimates of up 19,000.
http://www.calculatedriskblog.com/2011/10/weekly-initial-unemployment-claims.html


Other

The dollar and recession. Pay close attention to the chart and discussion on the long term relationship between the dollar and stock prices:
http://advisorperspectives.com/commentaries/schwab_100311.php

Six feet high and rising: the latest on US government debt (short):
http://www.zerohedge.com/news/total-us-debt-update-1486-trillion-162-billion-increase-three-days

A lesson in the economics of trade (short):
http://cafehayek.com/2011/10/another-open-letter-to-peter-morici.html

Politics

Domestic


Obama versus Clinton on taxes (short):
http://gregmankiw.blogspot.com/2011/10/obama-versus-clinton-on-tax-policy.html

Solyndra and all those green jobs (short):
http://www.powerlineblog.com/archives/2011/10/solyndra-ii-and-more-green-jobs-failure.php

International War Against Radical Islam

Obama’s terrorist dilemma (medium):
http://www.nationalreview.com/author/56454/latest

Jim Rogers on the latest China bashing legislation (7 minute video):
http://www.investmentpostcards.com/2011/10/06/jim-rogers-on-us-china-trade-war/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+wordpress%2FVYxj+%28Investment+Postcards+from+Cape+Town%29