Morning Journal - Where the Fed has it wrong

Economics
 This Week’s Data

US budget deficit hits all time high in February (short):
http://www.zerohedge.com/news/us-budget-deficit-hits-all-time-high-february

February nonfarm payrolls rose by 227,000 versus expectations of a 210,000 increase; unemployment remained at 8.3% as anticipated.
http://www.calculatedriskblog.com/2012/03/february-employment-report-227000-jobs.html

Other

Where the Fed has it wrong (medium):
http://bit.ly/xMIBdy

Triple trouble (medium):
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9129861/Triple-trouble-in-Europe-US-and-China-brings-out-the-bears.html

Bernanke, inflation and unemployment (short):
http://www.ritholtz.com/blog/2012/03/bernanke-inflation-and-unemployment/

Is deleveraging in the US over (short):
http://www.zerohedge.com/news/us-deleveraging-now-over

Politics

Domestic

International War Against Radical Islam

This from an Israeli blog (short):
http://www.zerohedge.com/news/obama-promises-bunker-busters-israel-if-netanyahu-delays-iran-invasion-until-after-us-elections

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.