Morning Journal--Crony capitalism

 

 News on Stocks in Our Portfolios

 Donaldson (DCI): FQ2 EPS of $0.34. Revenue of $596M (+3% Y/Y).

 

Economics

   This Week’s Data

            The February Dallas Fed’s manufacturing index fell from 12.9 to 6.2:

            http://www.calculatedriskblog.com/2013/02/dallas-fed-regional-manufacturing.html

            The January Chicago Fed’s national activity index came in at -.32 versus December’s reading of +.25.

            http://www.calculatedriskblog.com/2013/02/chicago-fed-economic-growth-moderated.html

   Other

            Update on C&I loans (short):

            http://scottgrannis.blogspot.com/2013/02/no-shortage-of-money.html

            Truck tonnage continues to grow (short):

            http://scottgrannis.blogspot.com/2013/02/truck-tonnage-shows-economy-continues.html

Politics

  Domestic

Big bank welfare queens (medium and today’s must read):

http://www.nakedcapitalism.com/2013/02/big-bank-welfare-queens-unprofitable-without-government-subsidies-so-why-dont-we-regulate-them-like-utilities.html

            A look at corporate taxes paid (medium and also a must read):

            http://advisorperspectives.com/dshort/guest/Chris-Turner-130225-Where-O-Where-Did-My-Two-Trillion-Go.php