Friday, March 23, 2012

Morning Journal, the Cleveland Financial Stress Index


Economics
This Week’s Data


The leading economic indicators in February came in up 0.7% versus expectations of up 0.6%.
http://econompicdata.blogspot.com/2012/03/leading-economic-indicators-show.html

Other

The problem with any budget ‘fix’ (medium):
http://advisorperspectives.com/dshort/guest/Lance-Roberts-120322-Fly-in-the-Budget-Ointment.php

The beauty of creative destruction (medium):
http://www.realclearmarkets.com/articles/2012/03/22/the_inexorable_march_of_creative_destruction_99578.html

Wind energy fact sheet (short):
http://mjperry.blogspot.com/2012/03/wind-energy-fact-sheet.html

The decline in manufacturing as a percent of GDP is not a bad thing (medium):
http://mjperry.blogspot.com/2012/03/manufacturings-declining-share-of-gdp.html

The Cleveland Financial Stress Index (medium):
http://www.ritholtz.com/blog/2012/03/the-cleveland-financial-stress-index-2/

The S&P versus consumer credit--a little concerning (short):
http://www.zerohedge.com/news/guest-post-one-chart-says-it-all

Politics

Domestic


A bonus in the GM bailout (short):
http://dailycaller.com/2012/03/22/obamas-extra-bonus-for-the-uaw/

Obama’s misrepresentations of His energy policy (very, very long...that’s a joke; it’s short):
http://www.powerlineblog.com/archives/2012/03/obamas-energy-strategy-delay-deny-and-deceive.php

The endless granting of new ‘rights’ (short):
http://www.powerlineblog.com/archives/2012/03/you-have-the-right-to-a-good-lawyer.php

International War Against Radical Islam

Latest on the Iranian standoff (medium):
http://www.zerohedge.com/news/china-russia-voice-us-iran-ire

News on Stocks in Our Portfolios

More earnings reports:
Reported Expected
Nike $1.20 $1.17
Accenture .97 .86


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.