Tuesday, July 30, 2013

It's The Economy Stupid: National Crab Cake Day

Baltimore was founded today in 1729. The city's greatest claim to culinary fame is that it is the birthplace of the crab cake. The nearby Chesapeake Bay is home to the same species of blue crab that we eat here in Louisiana. Where we made stuffed crabs with ours, they made crab cakes with theirs.  In honor of the birthday of Baltimore, this is National Crab Cake Day.



S&P/Case-Shiller 20 cities index rose 12.17% YoY in May vs est. up 12.4% (range 10%-13%).

  * Biggest increase since March 2006

  * S&P/Case-Shiller unadjusted rose 2.4% MoM

  * All regions gain YoY, led by San Francisco, up 24.48%, Las Vegas, up 23.27%

  * New York gains least, up 3.29% YoY, followed by Cleveland, up 3.42%


John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury




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