Thursday, August 09, 2012

Morning Journal-The government-Wall Street connection


This Week’s Data

Weekly jobless claims fell 4,000 versus expectations of a 2,000 increase.

The US June trade deficit came in at $42.9 billion versus estimates of $47.5 billion.


Ken Rogoff (of Reinhart and Rogoff) on low interest rates (medium):

A response to the call for QEIII (medium):

Job openings continue to increase (short):

Seven tricks your mind plays on you (medium):

Used vehicle price index not looking good (short):



The problem with subsidies (short):

More on your government at work (medium):

A look at how the US financial crisis was (wasn’t) handled. This article gets into the weeds but clearly demonstrates the Washington/Wall Street connection (medium/long):


China investing heavily in Africa (medium):

News on Stocks in Our Portfolios

More quarterly earnings per share reports:

Reported Expected

Expeditors Int’l $.30 $.34
HollyFrontier 2.39 2.32
Tom Horton .69 .69

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.