Tuesday, July 17, 2012

Morning Journal-Interview with David Stockman


Economics

This Week’s Data


May business inventories rose 0.2% in line with expectations while business sales fell 0.1%.

Other

Update on gasoline prices (short):
http://advisorperspectives.com/dshort/updates/Gasoline-Update.php

A look at recent Fed policy (medium):
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9401574/Fed-fiddles-as-America-slides-back-into-recession.html

The latest from David Stockman (5 minute video and a must see):
http://www.zerohedge.com/news/ombs-stockman-were-fiscal-endgame

Politics

Domestic


Will the outcome of the November elections really make a difference (medium):
http://online.barrons.com/article/SB50001424053111903431804577508921053002152.html

The progressivity of US tax rates and transfer payments (short):
http://gregmankiw.blogspot.com/2012/07/progressivity-of-taxes-and-transfers.html

International War Against Radical Islam

Middle East update (medium):
http://www.zerohedge.com/news/us-ship-mistakenly-fires-friendly-boat-dubai-russia-condemns-saudi-treatment-religious-protesto

News on Stocks in Our Portfolios

Coca Cola reported quarterly earnings per share at $1.21 versus expectations of $1.19.


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.