Morning Journal--French minister admits France in bankrupt

News on Stocks in Our Portfolios

Caterpillar (CAT): Q4 EPS of $1.04 misses by $0.68. Revenue of $16.08B misses by $0.08B.

Economics

   This Week’s Data

            December durable goods orders blew the doors off expectations---up 4.6% versus estimates of up 1.6%.

            http://www.capitalspectator.com/archives/2013/01/durable_goods_p.html#more

            And:

            http://advisorperspectives.com/dshort/updates/Durable-Goods-Real-Per-Capita.php

            The Dallas Fed’s January manufacturing index came in at +5.5 versus forecasts of +4.0.

            http://www.calculatedriskblog.com/2013/01/dallas-fed-regional-manufacturing.html

   Other

            Robert Shiller on the housing market (medium):

            http://www.nytimes.com/2013/01/27/business/housing-markets-future-still-has-many-clouds.html?_r=0

            Have we solved ‘too big to fail’?(medium):

            http://pragcap.com/have-we-solved-too-big-to-fail

            Oprah/Bernanke interview (12 minute video):

            http://www.zerohedge.com/news/2013-01-28/bernanke-oprah-ive-been-doping-years

Politics

  Domestic

More over regulation (short):

http://www.zerohedge.com/news/2013-01-28/guest-post-louisiana-grocery-store-forced-raise-milk-prices-state-regulators

            This is a bit long; but it is a good illustration of the how the banksters have f**ked us all:

            http://www.zerohedge.com/news/2013-01-28/we-are-doneski-gorgeous-how-bond-trading-wall-street-really-works

            The role of capital (medium):

            http://www.zerohedge.com/news/2013-01-28/mark-spitznagel-confusing-means-ends

  International

            French labor minister admits France is totally bankrupt (medium):

            http://www.zerohedge.com/news/2013-01-28/labor-minister-says-france-totally-bankrupt