Wednesday, September 05, 2012

Morning Journal--the Fed and the business cycle


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.

And (short):

July construction spending fell 0.9% versus estimates of +0.4%.

Weekly mortgage applications declined 2.5% while purchase applications were off 0.8%.


The Fed and the business cycle (medium):

Weekly gasoline update (short):

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.