Morning Journal--Generational theft

News on Stocks in Our Portfolios

 

            Boeing raises dividend and announces buyback

            http://seekingalpha.com/news-article/8468961-boeing-board-authorizes-10-billion-share-repurchase-raises-dividend-50-percent?source=email_wsb&ifp=1

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            FactSet EPS in-line, misses on revenues

FactSet (FDS): FQ1 EPS of $1.22 in-line.

Revenue of $223.0M (+6% Y/Y) misses by $0.66M.

Economics

   This Week’s Data

            November industrial production  rose 1.1% versus expectations of up 0.6%; capacity utilization came in at 79.0 versus estimates of 78.4.

            http://scottgrannis.blogspot.com/2013/12/industrial-production-picks-up.html

            The December Markit US flash PMI was reported at 54.4 versus forecasts of 55.0.

            November CPI was flat, in line; ex food and energy, it rose 0.2% versus consensus of +0.1%.

   Other

            Update on big four economic indicators (medium):

            http://advisorperspectives.com/dshort/updates/Big-Four-Economic-Indicators.php

            Measuring changes in income (short and a must read):

            http://gregmankiw.blogspot.com/2013/12/on-measuring-changes-in-income.html

            The Fed’s 100^th birthday is coming up; but should we be celebrating? (medium):

            http://www.zerohedge.com/news/2013-12-16/happy-100th-birthday-fed-live-feed

Politics

  Domestic

Generational theft (short):

http://www.zerohedge.com/news/2013-12-16/chart-day-what-generational-theft-looks

  International

            Escalation in the China/Japan territorial dispute (medium):

            http://www.zerohedge.com/news/2013-12-16/pacifist-japan-launches-no-guts-all-war-spending-glory-military-plan