Wednesday, September 05, 2012

Morning Journal--the Fed and the business cycle


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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