|Reeve Conover Presents:
“Heroes are not known by the loftiness of their carriage; the greatest braggarts are generally the merest cowards.”
– Jean-Jacques Rousseau
Think of making a three-pronged attack on future college expenses. Assets from a 529 plan or other form of college savings fund can be complemented by cash flow from parents and financial aid, scholarships or loans the student may apply for as the time comes.
It has 18 legs, is uniformed, walks and runs on grass and artificial turf, and catches flies. What is it?
Last week’s riddle:
Last week’s answer:
The letter E.
August 22, 2011
rISING GAS PRICES KEY FACTOR IN INFLATION SPIKE
EXISTING HOME SALES DECLINE IN JULY
The National Association of Realtors noted a 3.5% fall in residential resales for July. While the rate of existing home sales hit an 8-month low last month, sales in July were still up 21% from a year ago (the federal homebuying credit expired in July 2010). The median sale price was $174,400, down 4.4% from a year ago.3
$1,800 Gold is here; OIL MOVES LOWER
GAINS IN INDUSTRIAL OUTPUT, LEADING INDICATORS
STOCKS UNDER PRESSURE
THIS WEEK: Nothing major is scheduled out of Washington or the private sector for Monday. Tuesday, July new home sales figures come out and Heinz has 2Q results. Wednesday, we get news about July’s durable goods orders, plus earnings from Toll Brothers and TiVo. Thursday brings weekly jobless claims and earnings from Hormel. Friday, we have the second estimate of 2Q GDP and the final August consumer sentiment survey from the University of Michigan; Federal Reserve chairman Ben Bernanke will also speak at the Fed’s Jackson Hole, WY symposium.
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1 – forbes.com/sites/afontevecchia/2011/08/18/cpi-jumps-stoking-fears-of-stagflation/ [8/18/11]
2 – reuters.com/article/2011/08/17/businesspro-us-usa-markets-tips-idUSTRE77G2TS20110817 [8/17/11]
3 – marketwatch.com/story/sales-of-existing-homes-fall-35-in-july-2011-08-18-1011410 [8/18/11]
4 – cnbc.com/id/44197669 [8/19/11]
5 – cnbc.com/id/44197671 [8/19/11]
6 – conference-board.org/data/bcicountry.cfm?cid=1 [8/19/11]
7 – reuters.com/article/2011/08/16/usa-economy-idUSN1E77F0B620110816 [8/16/11]
8 – cnbc.com/id/44202341 [8/19/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F19%2F10&x=0&y=0 [8/19/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F19%2F10&x=10&y=18 [8/19/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F19%2F10&x=0&y=0 [8/19/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F18%2F06&x=0&y=0 [8/19/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F18%2F06&x=0&y=0 [8/19/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F18%2F06&x=0&y=0 [8/19/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F20%2F01&x=0&y=0 [8/19/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F120%2F01&x=0&y=0 [8/19/11]
9 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F20%2F01&x=0&y=0 [8/19/11]
10 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [8/19/11]
10 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [8/19/11]
11 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm71101.pdf [7/11/01]
12 – montoyaregistry.com/Financial-Market.aspx?financial-market=the-financial-security-rulebook-5-crucial-steps&category=3 [8/20/11]