This Week’s Data
The International Council of Shopping Centers reported weekly sales of major retailers up 2.0% versus the prior week and up 3.0% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 2.2% on a year over year basis.
Weekly mortgage applications fell 2.1% but purchase applications rose 3.0%.
The US May trade deficit came in at $48.7 billion, down from April (lower oil prices) and in line with estimates.
The argument for QEIII (medium):
Some demoralizing thoughts on the economy (medium):
A step in the right direction? Yeah, right. (medium):
More on your tax dollars at work (medium):
The moral case for free enterprise (8 minute video):
Third aircraft carrier returns to Middle East (medium):
Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.