Morning Journal-Wall Street sets the rules for regulators

Economics
This Week’s Data

Goldman looks at the current risks to the US economy (medium):
http://pragcap.com/goldman-sachs-the-risks-that-will-derail-the-rally

US taxes versus debt (short):
http://www.zerohedge.com/news/taxes-vs-debt-where-does-us-funding-come-chart-day

The Chicago Fed National Activity Index improves (short):
http://mjperry.blogspot.com/2012/08/85-variable-chicago-fed-national.html


Another indicator suggests a small risk of recession (short):
http://www.capitalspectator.com/archives/2012/08/forecasting_eco.html#more

Update on money supply (medium):
http://scottgrannis.blogspot.com/2012/08/no-shortage-of-money.html

Another failure of the Fed (medium):
http://www.zerohedge.com/news/guest-post-shhhh%E2%80%A6-it%E2%80%99s-even-worse-great-depression

Politics

Domestic

Wall Street sets the rules for regulators (medium):
http://www.americanbanker.com/bankthink/wall-street-sets-the-rules-for-regulators-1051745-1.html

International War Against Radical Islam

Egypt on the move in the Sinai (medium):
http://www.zerohedge.com/news/egypt-prepares-use-aircraft-and-tanks-sinai-first-time-40-years

News on Stocks in Our Portfolios

More qauarterly earnings per share reports:

Reported Expected

Lowe’s $.65 $.60
Medtronic .83 .85

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.