This Week’s Data
The Fed released its latest Beige Book; and the results are not unexpected nor different from anything Bernanke has been saying in his congressional testimony: retail spending is disappointing but manufacturing, housing, loan demand and sentiment are improving slowly. No hint of the need for QEIII.
Weekly jobless claims rose 36,000 versus estimates of up 15,000.
This is a must read analysis of the ‘big four’ economic indicators (medium):
Organized financial crime, the new normal? (medium):
And the lack of accountability (medium):
Here is reason number one Obama is full of s**t when He says every entrepreneur couldn’t make it on his own without government assistance, i.e. many in fact don’t make it because of burdensome regulations and taxes. Reason # 2. Steve Jobs et al bought all those bridges and roads and paid all those teachers’ salaries with his taxes while the rest of the slubs used them.
Romney’s biggest shortcoming (medium):
International War Against Radical Islam
And then there were four---carriers that is (short):
News on Stocks in Our Portfolios
More earnings per share reports:
WW Grainger $2.63 $2.62
Qualcomm .85 .86
VF Corp 1.11 .95
Phillip Morris Int’l 1.36 1.35
Sonoco .58 .58
Kinder Morgan Energy Ptrs .37 .47
Kinder Morgan also raised its quarterly cash distribution per share from $1.20 to $1.23.
Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.