Friday, January 20, 2012

Morning Journal-More on the Keystone Pipeline decision


Economics
This Week’s Data


The January Philadelphia Fed manufacturing index came in at 7.3 versus expectations of 10.0 and the December reading of 10.3.
http://advisorperspectives.com/dshort/updates/Philly-Fed-Business-Outlook.php

Other

Greg Mankiw on the progressivity of the US tax code (short):
http://gregmankiw.blogspot.com/2012/01/five-observations-about-progressivity.html


Politics
Domestic


More on the Keystone Pipeline decision:
http://www.powerlineblog.com/archives/2012/01/the-keystone-of-the-republicans-2012-presidential-campaign.php
http://www.powerlineblog.com/archives/2012/01/white-house-keystone-cops-continued.php

Canada to Obama, ‘we will continue to diversify its energy exports’:
http://www.zerohedge.com/news/keystone-aftermath-arrives-canada-pledges-sell-oil-asia-us-becomes-source-uncertainty

Big government’s further shredding of individual rights (medium):
http://www.ritholtz.com/blog/2012/01/homeland-security-shreds-constitutional-right-to-anonymous-political-speech-%E2%80%93-not-to-protect-our-security-%E2%80%93-but-to-monitor-dissent/

News on Stocks in Our Portfolios

More earnings per share reports:

Reported Expected

Schlumberger $1.11 $1.09




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.