Economics
This Week’s Data
Weekly jobless claims fell 5,000 versus expectations of a 2,000 increase.
http://www.calculatedriskblog.com/2012/03/weekly-initial-unemployment-claims_29.html
The final fourth quarter GDP revision came in at +3.0%, unchanged from the prior revision but slightly below estimates; the GDP deflator was +0.9%, in line with forecasts.
Other
A first place finish we don’t want (short):
http://gregmankiw.blogspot.com/2012/03/were-number-one.html
Politics
Domestic
An alternative to the Ryan budget (short):
http://www.clubforgrowth.org/perm/?postID=15861
Saul Alinsky’s playbook (long):
http://www.nationalreview.com/articles/294454/still-alinsky-playbook-john-fund
The Supreme Court and the Tenth Amendment (medium):
http://townhall.com/columnists/thomassowell/2012/03/28/back_to_the_future
A letter from three senators calls out the Obama administration on its ‘inaccuracies’ pertaining to its energy policies (medium):
http://www.powerlineblog.com/archives/2012/03/senators-call-obama-on-his-energy-lies.php
Funding the government (4 minute video and today’s must read/see):
http://www.zerohedge.com/news/how-fund-government-year
News on Stocks in Our Portfolios
Earnings reports:
Reported Expected
Paychex $.37 $.37
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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