Thursday, September 06, 2012

Morning Journal-Math is a bitch


This Week’s Data

The International Council of Shopping Centers reported weekly sales of major retailer down 0.4% versus the prior week but up 3.7% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 2.5% on a year over year basis.

Second quarter productivity was reported at +2.2% versus expectations of +1.9%; unit labor costs rose 1.5% versus estimates of up 1.4%.

Weekly jobless claims fell 9,000 versus forecasts of a decline of 4,000.


August auto sales (short):

Chinese industrial production declines (chart):



Are you better off---a look at the numbers (medium):

The math of the auto bailout (medium):

The math of taxing millionaires and billionaires (medium):

The math of too big to fail (medium):

More evidence of Wall Street/SEC inbreeding to the detriment of investors (long/medium):

Medicare’s unsustainability (short):

International War Against Radical Islam

USS Stennis will soon join two other carriers off Iranian coast (medium):

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.