Thursday, September 27, 2012

Morning Journal-Thoughts on the Capital Gains tax

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Economics

   This Week’s Data

            August new home sales fell 0.3% versus expectations of a 1.6% rise.

            August durable goods orders plunged 13.2% versus estimates of -5.0%; ex transportation, the drop was 1.6% versus forecasts of an increase of 0.2%.

            This was written yesterday in anticipation of today’s report.  It expresses concern about the trend in cap spending

            Weekly jobless claims fell 23,000 versus expectations of a 6,000 decline.

            Revised second quarter GDP came in at +1.3% versus estimates of +1.7%; the price deflator was 1.6%, in line with forecasts.

   Other

Politics

  Domestic

Thoughts on the capital gains tax (short):



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.

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