Drinks & Dividends Update

The results are in from the last DD get together.

At the May Get together, we all chose stocks. The results for the 1 month contest are as follows
1st Place DIS - up 7.5% Will Chu
2nd Place TIE - Kasey
3rde Place PARL - Stephen

Will - pls get in touch with me to get your winnings
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For the June Month, the following were the picks
ESV - Andrew
EXPW - Ray
PLT - Wade
CMG - Stephen
DO - Kasey
DGX - Senthil
CMCSA - Mohan
BAC - Jamileh
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At the last meeting, the discussions were about what is happening.

The idea was presented that we may be expecting a recession. Exploring that idea, we talked about the dependencies of other economies on the US (especially China & Japan). We considered how the housing market and consumer productsd market would collapse in a recession.

In the face of growth topping 4% in the US, I would be hard-pressed to say that a recession is around the corner. There are signs of a slowdown:
1. Inventories increased fractionally
2. Housing sales are slowing down (construction jobs were responsible for 30% of the jobs during the recent boom)
I believe that slower growth and slowdown are different. We are barely 4 years into this business cycle.