Thursday, July 12, 2012

Morning Journal-Andrea Mitchell gets the mother of all smack downs


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):

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.