Economics
This Week’s Data
July industrial production was reported at +0.6% versus expectations of +0.5%; capacity utilization came in at 79.4% versus estimates of 79.2%.
http://scottgrannis.blogspot.com/2012/08/industrial-production-remains-healthy.html
Weekly jobless claims rose 5,000 versus forecasts of up 1,000.
http://www.calculatedriskblog.com/2012/08/weekly-initial-unemployment-claims_16.html
July housing starts fell 1.8% versus expectations of a 1.3% drop; however, building permits soared 7.5% versus estimates of a 1.5% increase.
Other
(One of) Bernanke’s errors (medium):
http://www.zerohedge.com/news/crushed-consumption-unintended-consequence-bernankes-arrogance
Another---this is a little ‘in the weeds’ but the bottom line is that ‘shadow bank’ liabilities are falling faster than bank liabilities are rising, hence QE’s accomplish nothing (medium):
http://www.zerohedge.com/news/why-qe-not-working
A question for bank regulators (medium):
http://www.zerohedge.com/news/guest-post-biggest-conflict-interest-finance
Comparing debt levels of EU versus the US (short and must read):
http://www.zerohedge.com/news/spot-looming-crisis
Two measures of inflation (short/medium):
http://advisorperspectives.com/dshort/updates/CPI-PCE-Comparison.php
Politics
Domestic
More on Muslims in government (medium):
http://www.centerforsecuritypolicy.org/p19063.xml
Dems ask debate commission to disallow questions on Simpson Bowles (short):
http://michellemalkin.com/2012/08/14/dems-debate-deficit/
Eric Holder and voter ID’s (medium):
http://washingtonexaminer.com/eric-holders-uphill-battle-huge-public-support-for-voter-id/article/2504969
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.
No comments:
Post a Comment