Economics
This Week’s Data
The August Institute for Supply Management’s manufacturing index came in at 49.6 versus expectations of 50.0 and July’s reading of 49.8.
http://scottgrannis.blogspot.com/2012/09/quick-updates.html
And (short):
http://www.capitalspectator.com/archives/2012/09/ism_index_manuf_1.html#more
July construction spending fell 0.9% versus estimates of +0.4%.
Weekly mortgage applications declined 2.5% while purchase applications were off 0.8%.
http://www.calculatedriskblog.com/2012/09/mba-mortgage-applications-decrease-in.html
Other
The Fed and the business cycle (medium):
http://www.zerohedge.com/news/fed-responsible-great-financial-crisis
Weekly gasoline update (short):
http://advisorperspectives.com/dshort/updates/Gasoline-Update.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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