Morning Journal---How inflation is measured

News on Stocks in Our Portfolios

           
Reliance Steel (RS): Q2 EPS of $1.14 misses by $0.05. Revenue of $2.45B (+10.8% Y/Y) beats by $2447.52M.

 

Economics

   This Week’s Data

            The July Kansas City Fed manufacturing report came in at +6.0 versus expectations of 0.0.

            http://www.calculatedriskblog.com/2013/07/kansas-city-fed-regional-manufacturing.html

   Other

            Thoughts on inflation and how it gets measured (medium):

            http://www.zerohedge.com/news/2013-07-25/whats-inflation

Politics

  Domestic

More on Obama’s economic plan (medium):

http://online.wsj.com/article/SB10001424127887323610704578626142861572144.html?mod=WSJ_Opinion_LEADTop

Quote of the day (short):

http://cafehayek.com/2013/07/quotation-of-the-day-701.html

  International

            More lunacy from Spain (short):

            http://advisorperspectives.com/dshort/guest/Shedlock-130726-Spain-Taxes-Sun.php

            ***over night, inflation in Japan hit a five year high.