Morning Journal-The latest from Nouriel Roubini

Economics

This Week’s Data

November industrial production was down 0.2% versus expectations of +0.2%; capacity utilization came in at 77.8, in line with forecasts.
http://www.calculatedriskblog.com/2011/12/industrial-production-decreased-02-in.html

The December Philadelphia Fed general business survey was reported at 10.3 versus estimates of 6.0 and November’s reading of 3.6.

The November consumer price index came in unchanged, in line with forecasts; core CPI was up 0.2% versus an anticipated rise of 0.1%.
http://www.calculatedriskblog.com/2011/12/bls-cpi-unchanged-in-november.html


Other

The latest from Nouriel Roubini (medium):
http://www.project-syndicate.org/commentary/roubini45/English

Politics

Domestic

Another example of how your tax dollars are being spent (medium):
http://www.powerlineblog.com/archives/2011/12/obamas-cronyism-compromises-national-security.php

Steve Cook received his education in investments from Harvard, where he earned an MBA, New York University, where he did post graduate work in economics and financial analysis and the CFA Institute, where he earned the Chartered Financial Analysts designation in 1973. His 40 years of investment experience includes institutional portfolio management at Scudder, Stevens and Clark and Bear Stearns. Steve's goal at Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.