Morning Journal--How the monetary system works

News on Stocks in Our Portfolios

Fastenal EPS in-line, beats on revenues

§  Fastenal (FAST): Q1 EPS of $0.38 in-line.

§  Revenue of $876.5M (+8.7% Y/Y) beats by $6.51M.

Economics

   This Week’s Data

            March PPI for final demand came in at +0.5% versus expectations of +0.1%; ex food and energy it was +0.3% versus estimates of +0.1%.

   Other

            Emergency unemployment benefits and the labor force (medium):

            http://scottgrannis.blogspot.com/2014/04/on-margin-13-million-people.html

            How the monetary system works (medium and a must read):

            http://www.ft.com/intl/cms/s/0/46a1ce84-bf2a-11e3-a4af-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_martin-wolf%2Ffeed%2F%2Fproduct&siteedition=intl#axzz2yVkmTAIw