Economics
This Week’s Data
Overnight European PMI was reported at a contractionary 49.7 versus expectations of 50.5 while Chinese PMI improved a bit from 48.8 to 49.7--which unfortunately still indicates negative growth.
Other
Update on the MIT inflation index (short):
http://mjperry.blogspot.com/2012/02/bppmit-data-show-inflation-trending.html
Federal debt burden by president (short):
http://scottgrannis.blogspot.com/2012/02/putting-obamas-deficits-in-perspective.html
Good news from the Chicago Fed (short):
http://www.capitalspectator.com/archives/2012/02/chicago_fed_nat.html#more
US debt to GDP passes 101% (short):
http://www.zerohedge.com/news/us-debt-gdp-passes-101-global-debt-ponzi-enters-its-final-stages
Thoughts on policy alternatives when the Markets will no longer freely buy US debt (medium and today’s must read):
http://www.zerohedge.com/news/guest-post-great-repression
On money supply and inflation (another great article):
http://advisorperspectives.com/commentaries/euro_22112.php
Politics
Domestic
A look at all the candidates’ tax plans (medium):
http://www.washingtontimes.com/news/2012/feb/20/tax-advice-for-gop-candidates/
Lest we forget, here are the tax increases that will occur 1/1/13 if nothing happens between now and then (short; you probably want to look at this too):
http://www.zerohedge.com/news/david-rosenberg-taxation-shock-syndrome
International War Against Radical Islam
Meanwhile, Iran ramps up tensions another notch (medium):
http://www.zerohedge.com/news/iran-holds-air-defense-drills-iaea-says-iran-blocks-access-key-nuclear-site
News on Stocks in Our Portfolios
More earnings per share reports:
Reported Expected
Expeditors Int’l $.43 $.46
Donald son .70 .71
Genuine Parts .86 .83
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.
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