Friday, July 27, 2012

Morning Journal-the employment to unemployment ratio


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.