Friday, January 13, 2012

Morning Journal-Unbelievable ending to a football game


Economics
This Week’s Data


November business inventories rose 0.3% versus expectations of a 0.5% increase; business sales also advanced 0.3%.

Other

Credit card delinquencies are down (short):
http://mjperry.blogspot.com/2012/01/personal-bankruptcy-filings-decline-by.html

If you are a football fan, this 1 minute video is a must see:
http://mjperry.blogspot.com/2012/01/most-incredible-ending-to-college.html

Foreigners are selling Treasuries--that can’t be good (short):
http://www.zerohedge.com/news/foreigners-sell-record-85-billion-treasurys-6-consecutive-weeks-time-get-concerned


Politics

Domestic


Club for Growth defends economic freedom (5 minute video):
http://www.clubforgrowth.org/perm/?postID=15711

Victor Davis Hanson on defense spending (medium):
http://www.nationalreview.com/articles/287891/defense-spending-shovel-ready-investment-victor-davis-hanson



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.