Morning Journal-Understanding 9/11

-->

Economics

   This Week’s Data

            The September Philadelphia Fed manufacturing index came in at -1.9 versus expectations of -4.1 and August’s reading of -7.1.

            http://www.calculatedriskblog.com/2012/09/philly-fed-regions-manufacturing-sector.html

            August leading economic indicators fell 0.1% versus estimates of being flat.

            http://advisorperspectives.com/dshort/updates/Conference-Board-Leading-Economic-Index.php

   Other

            The economics of the electric car (short):

            http://www.zerohedge.com/news/us-will-spend-between-3-and-7-gallon-gasoline-saved-consumers-driving-electric-vehicles

Politics

  Domestic

  International War Against Radical Islam

            Understanding 9/11 (medium and today’s must read):

            http://www.nationalreview.com/articles/327850/misunderstanding-911-clifford-d-may

 Investing for Survival

             This article is on master limited partnerships and is not meant as a recommendation (though the High Yield Portfolio owns several).  It is rather a background piece for those yield sensitive readers.

            http://www.minyanville.com/business-news/markets/articles/Master-Limited-Partnerships-mlps-mlp-ipos/9/19/2012/id/44123?page=full

            The fallacy of redistribution (medium):

            http://townhall.com/columnists/thomassowell/2012/09/20/the_fallacy_of_redistribution

            Fed policy and gold (long but a must read):

            http://advisorperspectives.com/commentaries/sitka_92012.php

            How to survive an economy weighed down by government meddling (medium):

            http://www.zerohedge.com/news/guest-post-how-navigate-economy-weighed-down-government-meddling-and-cronyism

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.