Wednesday, December 11, 2013

Morning Journal--Dodd Frank--too convoluted to succeed

News on Stocks in Our Portfolios
 
            Mastercard does 10 for 1 split, raises dividend and buyback (short):

Economics

   This Week’s Data

            The International Council of Shopping Centers reported weekly sales of major retailers fell 1.6% versus the prior week but rose 1.5% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales down 1.5% versus the similar time frame last month but up 2.6% on a year over year basis.

            October wholesale inventories rose 1.4% versus expectations of +0.4%; unfortunately, sales were up only 1.0%.

            Weekly applications for both mortgages and purchases rose 1.0%.

   Other

            Household net worth at a record high (medium):

            More on student loans (short):

Politics

  Domestic

Dodd Frank---too convoluted to succeed (medium/long):

Minimum wage versus the earned income tax credit (short):

Wednesday morning humor (short):

No comments:

Post a Comment