Morning Journal--Government stimulus is not real demand

News on Stocks in Our Portfolios

Coca-Cola (KO): Q2 EPS of $0.63 in-line. Revenue of $12.75B misses by $0.22B

 

Economics

   This Week’s Data

            June CPI came in at +0.5% versus expectations of +0.4%; ex food and energy, it was +0.2%, in line with estimates.

   Other

            Government stimulus is not real demand (medium):

            http://www.realclearmarkets.com/articles/2013/07/15/earth_to_keynesians_government_spending_isnt_demand_100472.html

            Why the middle class has been disappearing (medium):

            http://www.aei-ideas.org/2013/07/yes-the-middle-class-has-been-disappearing-but-they-havent-fallen-into-the-lower-class-theyve-risen-into-the-upper-class/

Politics

  Domestic

This is scary (hat tip: b cass):

http://www.youtube.com/watch?v=k0he0cqHH20&feature=youtu.be

  International

            More on the problems is Spain (medium):

            http://www.nakedcapitalism.com/2013/07/just-how-low-can-spain-go.html