Economics
This Week’s Data
The February Philadelphia Fed index of business conditions came in at 10.2 versus expectations of 9.5 and January’s reading of 7.3.
http://advisorperspectives.com/dshort/updates/Philly-Fed-Business-Outlook.php
The January consumer price index rose 0.2% versus estimates of a 0.3% increase; core CPI was up 0.2% as anticipated.
http://www.calculatedriskblog.com/2012/02/bls-cpi-increases-02-in-january.html
Other
Friday morning humor (2 minute video):
http://www.thereformedbroker.com/2012/02/15/shit-wall-street-says/
Inside yesterday’s robust housing starts number (medium):
http://www.calculatedriskblog.com/2012/02/multi-family-starts-and-completions-and.html
Global liquidity is expanding rapidly (medium):
http://www.zerohedge.com/news/while-you-were-sleeping-central-banks-flooded-world-liquidity
A couple of brief quotes from John Stuart Mill (short):
http://cafehayek.com/2012/02/returning-to-the-classics.html
Politics
Domestic
More on the Buffett rule deception (medium):
http://www.minyanville.com/businessmarkets/articles/warren-buffett-warren-buffett-taxes-paying/2/16/2012/id/39451
JP Morgan makes a great point. The political class has squeezed the discretionary spending portion of the budget to such a low, that the only place future spending cuts can come from entitlements (medium):
http://www.zerohedge.com/news/americas-discretionary-spending-well-has-run-dry
More crony capitalism (medium, and you have to read this):
http://www.zerohedge.com/news/housing-settlement-be-taxpayer-funded-confirming-big-five-banks-are-beyond-law
News on Stocks in Our Portfolios
Coca Cola raised its quarterly dividend per share from $.47 to $.51.
More earnings per share reports:
Reported Expected
Reliance Steel $.91 $.78
EOG Resources 1.15 .87
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.
No comments:
Post a Comment