Morning Journal-Standing up to Islam

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Economics

   This Week’s Data

            Weekly mortgage applications fell 0.2% while purchase applications dropped 4.0%.

            http://www.calculatedriskblog.com/2012/09/mba-mortgage-applications-decrease.html

            August new home sales rose 2.3% versus estimate of an increase of 4.7%; building permits declined 0.1%, in line with expectations.

            http://www.calculatedriskblog.com/2012/09/housing-starts-increased-to-750.html

            August existing home sales (10 times bigger than new home sales) jumped 7.8% versus forecasts of a rise of 0.2%.

            http://www.calculatedriskblog.com/2012/09/existing-home-sales-in-august-482.html

                Weekly jobless claims were flat versus estimates of a decline of 9,000.

   Other

            Get ready for even higher food prices (medium):

            http://www.zerohedge.com/news/prepare-15-food-price-surge-rabobank-warns

            Boomer demographics (medium):

            http://advisorperspectives.com/dshort/commentaries/Boomer-Demographics-and-the-Shift-Ahead.php

Politics

  Domestic

  International War Against Radical Islam

            Standing up to Islam without apology (medium):

            http://www.nationalreview.com/author/56454/latest#

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.