This Week’s Data
May wholesale inventories rose 0.3%, in line with forecast; however, wholesale sales dropped 0.8%. This is not a good numbers combo.
Weekly jobless claims fell 24,000 versus expectations of a 4,000 decline, though seasonal factors accounted for much of the drop..
We can’t and won’t solve our fiscal problems because we are operating on the wrong set of economic premises (medium):
The future of the ‘fiscal cliff’ (medium):
More on the ECRI recession call (short):
Real life examples of what stimulates growth and what doesn’t (medium):
Romney addresses the NAACP (medium):
Thursday morning humor: John Sununu slam dunks Andrea Mitchell on the issue of ‘outsourcing’ (2 minute video):
Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.