Thursday, March 08, 2012

Morning Journal - The problem with student loans


This Week’s Data

Fourth quarter productivity rose 0.9% in line with expectations; however, unit labor costs spiked 2.8% versus estimates of up 1.2%.

The February ADP private payroll report was up 216,000 versus estimates of an increase of 203,000.
Consumer credit rose $17.8 billion in January versus expectations of an increase of $10.0 billion--most of the rise due to student loans.

Speaking of student loans, here is some analysis on this mounting problem (medium and today’s must read):

Weekly jobless claims rose 11,000 versus estimates of an increase of 4,000.


Gas prices explained (5 minute video):

The economic outlook for the PIIGS continues to deteriorate (short):

More moves to marginalize the dollar (medium):



International War Against Radical Islam

US policy and Syria (medium):

The latest out of Iran (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.