“Do you know the difference between education and experience? Education is when you read the fine print; experience is what you get when you don’t.”
– Pete Seeger
Check your credit report annually for errors. (They are not uncommon.) Under federal law, you are entitled to a free annual credit reports from the big 3 credit reporting agencies (Equifax, Experian and TransUnion) each year.
I’m usually standing on a city sidewalk, and I’ll always stand by your car. But if you don’t feed me, I you may get into trouble. What am I?
Last week’s riddle:
Last week’s answer:
January 23, 2012
no consumer inflation increase in December
For the second month in a row, the Labor Department reported no advance in its Consumer Price Index. Core CPI did rise 0.1% last month. Across 2011, consumer prices rose 3.0%; last year was the most inflationary year since 2007. As for wholesale inflation, the Producer Price Index declined 0.1% in December.1
MORE HOMES MOVING ON THE MARKET
The National Association of Realtors announced a 5.0% increase in existing home sales for December, with a 4.6% gain in sales of single-family houses. For all of 2011, existing home sales improved by 1.7% as the median sale price declined 3.9%. One negative real estate signal last week: in December, housing starts fell by 4.1%.1,2,3
FEWEST INITIAL JOBLESS CLAIMS IN FOUR YEARS
GOLD GAINS 2% IN Five DAYS
DOW RISES FOR A FOURTH STRAIGHT WEEK
Stocks have surprised many analysts this month, as Wall Street has paid more attention to earnings than to news from Europe. The weekly numbers: S&P 500, +2.04% to 1,315.38; NASDAQ, +2.80% to 2,786.70; DJIA, +2.40% to 12,720.48.2,3
THIS WEEK: EU finance ministers meet on Monday, and Halliburton and Texas Instruments announce Q4 earnings. On Tuesday, Q4 results roll in from Apple, Yahoo!, Johnson & Johnson, Travelers, Verizon, DuPont, and McDonald’s, and President Obama will make a State of the Union address. On Wednesday, Boeing, Netflix, Motorola, Symantec, Amgen, SanDisk, ConocoPhillips and Delta all come out with earnings reports, NAR delivers news about December pending home sales, and the Fed concludes a policy meeting. Thursday brings Q4 earnings from AT&T, Time Warner Cable, Nokia, Starbucks, Caterpillar, 3M, Bristol-Myers and AutoNation, plus reports on December durable goods orders and new home sales and the latest initial claims figures. Friday, we have the government’s first take on Q4 GDP, the final University of Michigan consumer sentiment survey of January and earnings from Chevron, D.R. Horton and Procter & Gamble.
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1 – www.businessweek.com/news/2012-01-20/consumer-prices-in-u-s-little-changed-as-fuel-costs-fall.html [1/20/12]
2 – money.msn.com/market-news/post.aspx?post=55467ba4-1839-402e-afbf-0d13ed75740f [1/20/12]
3 – montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29 [1/20/12]
4 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F20%2F11&x=0&y=0 [1/20/12]
4 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F20%2F11&x=0&y=0 [1/20/12]
4 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F20%2F11&x=0&y=0 [1/20/12]
4 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F19%2F07&x=0&y=0 [1/20/12]
4 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F19%2F07&x=0&y=0 [1/20/12]
4 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F19%2F07&x=0&y=0 [1/20/12]
4 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=1%2F22%2F02&x=0&y=0 [1/20/12]
4 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=1%2F22%2F02&x=0&y=0 [1/20/12]
4 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=1%2F22%2F02&x=0&y=0 [1/20/12]
5 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [1/20/12]
5 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [1/20/12]
6 – treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm10902.pdf [1/9/02]