Morning Journal-Our bungled bank bail out

Our bungled bank bail out

Economics
This Week’s Data

Other

The Chicago Fed’s National Activity Index improved in June (short):
http://www.capitalspectator.com/archives/2012/07/chicago_fed_nat_2.html#more

The future of manufacturing (short):
http://mjperry.blogspot.com/2012/07/2020-headline-protests-break-out-in.html

What the TIPS are telling us (short):
http://scottgrannis.blogspot.com/2012/07/the-message-of-tips-extremely-weak.html

China PMI gives mixed picture (short):
http://www.zerohedge.com/news/chinas-schrodinger-economy-continues-contract-and-expand-same-time

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

Politics

Domestic

The bungled bank bailout (medium):
http://www.bloomberg.com/news/2012-07-22/bungled-bank-bailout-leaves-behind-righteous-anger.html


International War Against Radical Islam

Andrew McCarthy looks at our state department (long):
http://www.nationalreview.com/articles/310198/questions-about-huma-abedin-andrew-c-mccarthy

News on Stocks in Our Portfolios

More quarterly earnings per share reports:

Reported Expected

McDonald’s $1.32 $1.38
AT&T .66 .63
Altria .59 .57
Rockwell Collins 1.14 1.15
UPS 1.15 1.17

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.