Economics
This Week’s Data
The initial second quarter GDP reading came in at +1.5% versus expectations of +1.2%; the GDP price deflator was +1.6%, in line with estimates
The employment to unemployment ratio (short):
http://www.capitalspectator.com/archives/2012/07/the_employedtou.html#more
Rail traffic still expanding (short):
http://pragcap.com/rail-traffic-still-chugging-along-3
Goldman analyzes past periods of stagnation and compares it to the present (short):
http://www.zerohedge.com/news/us-not-japan-or-your-average-stagnation-it-much-worse
Thoughts on the Chinese economy---or at least what the reports say (medium):
http://www.zerohedge.com/news/guest-post-4-reasons-why-you-should-stop-believing-chinese-leadership
Politics
International War Against Radical Islam
Update on Syria (medium):
http://www.powerlineblog.com/archives/2012/07/the-next-big-battle-in-syria-and-what-might-follow.php
News on Stocks in Our Portfolios
Reliance Steel raised its quarterly dividend per share from $.15 to $.25.
More quarterly earnings per share reports:
Reported Expected
ExxonMobil $3.41 $1.95
United Technologies 1.58 1.46
Kimberly Clark 1.30 1.28
NuSkin Enterprises .94 .83
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.
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