Morning Journal---What happens next in Japan

 News on Stocks in Our Portfolios

CF Industries (CF): Q1 EPS of $6.47. Revenue of $1.34Bmisses by $0.11B

 

Economics

   This Week’s Data

            March wholesale inventories were up 0.4%, in line with estimates; unfortunately, wholesale sales were down 1.6%.

            April retail sales came in much stronger than forecast.

   Other

            What happens to Japan (medium and today’s must read):

            http://www.ritholtz.com/blog/2013/05/is-abenomics-going-to-put-japan-back-on-the-map/#more-93057

            Score another big one for the eurocrats (medium):

            http://www.zerohedge.com/news/2013-05-09/cyprus-capital-controls-will-continue-until-morale-improves

            Another great statistical analysis from Doug Short---this one on the make up of the labor force (medium):

            http://advisorperspectives.com/dshort/commentaries/Demographic-Trends-in-Employment-Participation.php

Politics

  Domestic

The great train robbery (medium):

http://spectator.org/archives/2013/05/09/the-great-train-robbery

            The great ‘disability’ rip off (medium):

            http://www.zerohedge.com/news/2013-05-09/number-us-citizens-disability-now-larger-population-greece