This Week’s Data
May pending (existing) home sales rose 5.9%, well above estimates of up 1.2%.
Weekly jobless claims fell 1,000 versus expectations of a 2,000 decrease.
The second revised first quarter GDP came in up 1.7%, in line with forecasts; the price index was reported at +2.0% versus estimates of +1.7%.
Why the economy isn’t growing. Part II (medium):
Thoughts on money, banking and the recent problems of our financial system (medium):
The great American storyteller (medium):
Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.