Morning Journal--Household debt starting to rise again

  News on Stocks in Our Portfolios

·                                
Nike beats by $0.01, misses on revenues

o                                                        Nike (NKE): FQ2 EPS of $0.59 beats by $0.01.

o                                                        Revenue of $6.43B (+8% Y/Y) misses by $0.01B.

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Economics

   This Week’s Data

            The December Philadelphia Fed manufacturing index came in at 7.0 versus expectations of 10.0.

            http://advisorperspectives.com/dshort/updates/Philly-Fed-Business-Outlook.php

            November existing home sales fell 4.2% versus estimates of a 1.9% decline.

            http://www.calculatedriskblog.com/2013/12/comments-on-existing-home-sales.html

            November leading economic indicators rose 0.8% versus forecasts of +0.7%

            http://advisorperspectives.com/dshort/updates/Conference-Board-Leading-Economic-Index.php

            Revised third quarter GDP came in at +4.1% versus consensus of +3.6%; the GDP price deflator was +2.0%, in line; corporate profits were up 5.6% versus the prior reading of +5.8%.

            http://www.calculatedriskblog.com/2013/12/q3-gdp-revised-up-to-41.html

   Other

            Household debt has started to increase (short but a must read):

            http://www.businessinsider.com/most-important-chart-of-2013-2013-12

            Update on who pays taxes and how much (medium):

            http://scottgrannis.blogspot.com/2013/12/tax-shares-update.html