Wednesday, July 11, 2012

Morning Journal-The moral case for free enterprise


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):

And (medium):

The moral case for free enterprise (8 minute video):


Third aircraft carrier returns to Middle East (medium):

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.