Tuesday, May 08, 2012

Morning Journal-The latest from Rogoff and Reinhart


Economics
This Week’s Data

Other


Part of the recent decline in the labor force is explained by demographics (baby boomer retiring):
http://mjperry.blogspot.com/2012/05/demographics-account-for-50-of-decline.html

The latest from Rogoff and Reinhart (medium and today’s must read):
http://www.zerohedge.com/news/reinharts-and-rogoff-why-debt-overhang-matters

Consumer credit soars as auto loans and student loans increase (medium):
http://www.zerohedge.com/news/consumer-credit-soars-us-encourages-student-car-loan-bubbles

Here are a couple of inspiring numbers: # of Americans filing for disability and the # of Americans on food stamps (short):
http://www.zerohedge.com/news/two-charts-exposing-americas-record-shadow-welfare-state

Weekly update on gasoline prices:
http://advisorperspectives.com/dshort/updates/Gasoline-Update.php

Small business optimism gains in April (short):
http://www.calculatedriskblog.com/2012/05/nfib-small-business-optimism-index.html

Politics

Domestic

International War Against Radical Islam


Compulsory blindness (to jihad) (medium):
http://www.nationalreview.com/articles/299114/compulsory-blindness-andrew-c-mccarthy

The gitmo circus (medium):
http://michellemalkin.com/2012/05/07/the-gitmo-circus/

News on Stocks in Our Portfolios

More quarterly earnings per share reports:

Reported Expected

Sysco $.49 $.44
Sun Hydraulics .41 .38


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.