Morning Journal--A different take on unemployment

News on Stocks in Our Portfolios

Sysco (SYY): FQ2 EPS of $0.40 misses by $0.04. Revenue of $10.9B (+4% Y/Y) misses by $0.2B

South Jersey Inds (SJI): Q1 EPS of $1.52 may not be comparable to $1.73

Balchem (BCPC): Q1 EPS of $0.36 misses by $0.01. Revenue of $84.65M beats by $1.42M

Automatic Data (ADP): FQ3 EPS of $0.99 beats by $0.01. Revenue of $3.11B in-line.

Economics

   This Week’s Data

   Other

            A full employment recession (medium and today’s must read):

            http://advisorperspectives.com/dshort/guest/Franz-Lischka-130506-Forget-the-Jobless-Recovery.php

            Europe’s shadow economy (short):

            http://www.zerohedge.com/news/2013-05-06/europes-shadow-economy-big-germany

Politics

  Domestic

More questionable government accounting (short):

http://www.zerohedge.com/news/2013-05-06/latest-contribution-us-gdp-promises-no-really

More collusion between big government and big business (medium):

http://www.zerohedge.com/news/2013-05-06/senate-passes-online-sales-tax-bill

  International War Against Radical Islam

            Compare and contrast: Saddam has WMD’s versus Assad is using chemical weapons (short/medium):

            http://www.zerohedge.com/news/2013-05-06/white-house-says-ignore-facts-likely-assad-behind-syrian-chemical-weapons-after-all