Tuesday, July 31, 2012

Morning Journal-Obama and bin Laden


Economics

This Week’s Data


The July Dallas Fed manufacturing index came in at -13.2 versus expectations of +2.5 and June’s reading of +5.8.

June personal income was reported up 0.5% versus expectations of up 0.4%; personal spending was flat versus estimates of up 0.1%; the personal consumption expenditures index was up 0.1% in line; core PCE was up 0.2% versus forecasts of up 0.1%.
http://www.calculatedriskblog.com/2012/07/personal-income-increased-05-in-june.html


Tuesday morning humor (3 minute video):
http://www.zerohedge.com/news/debt-bomb-bailout-oooh-you-turn-me

Regional Fed indices paint a dreary picture (short):
http://pragcap.com/regional-fed-surveys-paint-a-dreary-picture-of-economic-growth

Update on the Chinese economy (medium):
http://www.zerohedge.com/news/unbearable-factual-lightness-chinese-economy

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

Politics

Domestic

International War Against Radical Islam


Obama and bin Laden (short):
http://www.powerlineblog.com/archives/2012/07/report-obama-canceled-bin-laden-raid-three-times.php



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.