Morning Journal--Words of wisdom from Milton Friedman

News on Stocks in Our Portfolios courtesy of Seeking Alpha

 

Walgreens (WAG): FQ3 EPS of $0.85 misses by $0.05. Revenue of $18.3B misses by $0.14B.

Economics

   This Week’s Data

            The June Dallas Fed manufacturing index was reported at +6.5 versus expectations of 0.0%

            http://www.calculatedriskblog.com/2013/06/dallas-fed-regional-manufacturing.html

                May durable goods orders rose 3.5% versus estimates of up 3.3%; ex transportation, they were up 0.7% versus forecasts of -0.1%.

   Other

            The wisdom of Milton Friedman (4 minute video—must watch):

            http://www.aei-ideas.org/2013/06/milton-friedman-on-the-difference-between-being-pro-free-enterprise-from-being-pro-business/

                        More fraud from the banksters (medium and a must read):

            http://www.zerohedge.com/news/2013-06-24/anglo-irish-picked-bailout-number-out-my-arse-force-shared-taxpayer-sacrifice

Politics

  Domestic

More on the student loan problem (short):

http://www.zerohedge.com/news/2013-06-24/fed-shocked-find-student-loans-used-anything-learn

  International War Against Radical Islam

            Ron Paul on what we learned in Afghanistan (medium):

            http://www.zerohedge.com/news/2013-06-24/ron-paul-what-we-have-learned-afghanistan