Morning Journal-Mortgaging the future of our kids

Economics

This Week’s Data

May new home sales jumped 10.4% versus expectations of being unchanged.
http://scottgrannis.blogspot.com/2012/06/housing-update-significant-improvement.html

The June Dallas Fed manufacturing survey came in at 5.8 versus estimates of 0.0
http://www.calculatedriskblog.com/2012/06/dallas-fed-regional-manufacturing.html

Mortgaging the future of our kids (medium):
http://www.telegraph.co.uk/finance/financialcrisis/9338997/Reith-Lecture-Were-mortgaging-the-future-of-the-younger-generation.html

Household financial burden is shrinking (medium):
http://scottgrannis.blogspot.com/2012/06/end-of-deleveraging-is-approaching.html

Vehicle miles driven falls (short):
http://advisorperspectives.com/dshort/updates/DOT-Miles-Driven.php

A case for deflation (medium):
http://advisorperspectives.com/dshort/guest/Shedlock-120626-Proof-of-Deflation.php

Weekly update of gasoline prices (short):
http://advisorperspectives.com/dshort/updates/Gasoline-Update.php

Politics

Domestic

Obamacare outcome matrix (medium):
http://www.zerohedge.com/news/obamacare-outcome-matrix

International

The Law of the Sea Treaty (medium):
http://www.jewishworldreview.com/cols/will062412.php3

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.