Wednesday, May 09, 2012

Morning Journal-Austerity hasn't worked because it was never tried


This Week’s Data

The International Council of Shopping Centers reported weekly sales of major retailers down 0.8% versus the prior week but up 3.3% versus the comparable period last year; Redbook Research reported month to date retail chain store sales up 1.3% versus the similar timeframe a month ago and up 2.6% on a year over year basis.

Weekly mortgage applications rose 1.7% while purchase applications increased by 3.4%.

Austerity hasn’t worked because it was never tried (medium):

Inside some of the employment numbers (short):

A look at CEO pay (short):

Another look at the math of our current debt and deficit (medium):



The senate fails to extend low interest rate student loans (short):

News on Stocks in Our Portfolios

More quarterly earnings per share reports:

Reported Expected

EOG Resources $1.17 $1.14
Teva Pharmaceutical 1.47 1.44

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.