Fiscal Cliff Press Conference

If you don't see the video go here.

Broad Concern about 'Fiscal Cliff' Consequences

A majority of Americans expect the U.S. to go over the fiscal cliff at the beginning of 2013 and would blame Republicans if that happens, according to a poll published today.

All American Investor

Public Is Skeptical Deal Will Be Reached

Source: people-press.org via Bob on Pinterest

Continue reading - Broad Concern about 'Fiscal Cliff' Consequences

Morning Journal--Romney/Ryan and the fiscal cliff

Economics

This Week’s Data

Weekly mortgage applications fell 7.4% but purchase applications rose 0.9%.
http://www.calculatedriskblog.com/2012/08/mba-mortgage-refinance-activity.html

July existing home sales rose 2.2% versus expectations of a 2.9% increase.
http://www.calculatedriskblog.com/2012/08/existing-home-sales-in-july-447-million.html

Weekly jobless claims rose 7,000 versus estimates of a 1,000 decline.
http://www.calculatedriskblog.com/2012/08/weekly-initial-unemployment-claims_23.html


Politics

Domestic

When is enough, enough (medium):
http://www.nationalreview.com/articles/314484/are-we-doomed-victor-davis-hanson

Romney/Ryan and the ‘fiscal cliff’:
http://www.zerohedge.com/news/romneyryan-and-fiscal-cliff

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.

Morning Journal-Andrea Mitchell gets the mother of all smack downs

Economics

This Week’s Data

May wholesale inventories rose 0.3%, in line with forecast; however, wholesale sales dropped 0.8%. This is not a good numbers combo.

Weekly jobless claims fell 24,000 versus expectations of a 4,000 decline, though seasonal factors accounted for much of the drop..
http://www.calculatedriskblog.com/2012/07/weekly-initial-unemployment-claims_12.html