Morning Journal Obama and Teddy Roosevelt

Economics
This Week’s Data

October consumer credit rose by $7.6 billion versus expectations of a decline of $6.5 billion.

Weekly jobless claims fell 19,000 versus estimates of a 7,000 drop.
http://www.calculatedriskblog.com/2011/12/weekly-initial-unemployment-claims_08.html

Other

The economy is transitioning, but into what? (short):
http://www.capitalspectator.com/archives/2011/12/the_markets_imp.html#more

More on banks and an inefficient capital allocation system (medium):
http://www.nytimes.com/2011/12/11/magazine/adam-davidson-wild-west-of-finance.html?_r=1


Politics
Domestic

A new report from the Institute for Energy Research (medium):
http://mjperry.blogspot.com/2011/12/new-report-shatters-myth-of-energy.html

Political correctness run amuck (medium):
http://www.foxnews.com/politics/2011/12/06/military-growing-terrorist-target-lawmakers-warn/

Obama, Teddy Roosevelt, the SEC and financial reform (medium)
http://www.nakedcapitalism.com/2011/12/obama-road-tests-hopey-changey-big-lie-2-0-hell-reincarnate-as-teddy-roosevelt-if-you-are-dumb-enough-to-be-fooled-twice.html

International War Against Radical Islam

The Arab Spring in Egypt (medium):
http://bit.ly/u2CgvH

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.