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.
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