Wednesday, March 07, 2012

Morning Journal - Oil prices and retail sales

This Week’s Data

The International Council of Shopping Centers reported weekly sales of major retailers up 1.3% versus the prior week and up 1.7% versus the comparable period last year; Redbook Research reported month to date retail chain store sales up 0.4% versus the similar timeframe the prior month and up 3.0% on a year over year basis.

Weekly mortgage applications fell 1.2%; however, purchase applications rose 2.1%.


Small business job growth slows in February (short):

German industrial orders plunge (short):

More on the ECRI recession call (short):

Oil prices and retail sales (medium and today’s must read):



Milton Friedman on health care (short):

Another green energy boondoggle (medium):

The church of big government (medium):

The Constitution and Obamacare (medium):

A not very promising look at America going forward (medium):


A look at the Chinese economy and its growth prospects (medium):

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.