Written by Steven Hansen
According to Liberty Street Economics:
The latest Quarterly Report on Household Debt and Credit from the New York Feds Center for Microeconomic Data showed a substantial increase in aggregate household debt balances in the fourth quarter of 2016 and for the year as a whole. As of December 31, 2016, total household debt stood at $12.58 trillion, an increase of $226 billion (or 1.8 percent) from the third quarter of 2016.
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Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
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Written by John Lounsbury
Econintersect: This 19-minute video scans through the global map as defined by human civilizations from their earliest emergence 200,000 years ago.
Infographic Of The Day: Major Cruise Ship Accidents
The open water is a place that most people look at as a place for family and friends to catch some fish, jump in the water and float around all day, but there is an accident and crime side to our planet's bodies of water.
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Written by Sig Silber
NOAA has a "much above average" level of confidence in their 6 - 10 Day Outlook and I do not believe that such a high level of confidence is justified. The pattern in the Eastern Pacific that controls teleconnections is in transition which to me means that there are too many moving parts to be maximally confident. Further out, there are AO/NAO uncertainties. The Northeast U.S. may be the area with the most uncertainty.
by Elliott Morss, Morss Global Finance
It is time for the IMF to step back from the Troika table and sit down at the Greek table to remedy this Greek tragedy. To that end I have written this letter.
Written by Lance Roberts, Clarity Financial
My colleague, Mark Yusko, just recently penned his 4th-quarter market review which is well worth reading in its entirety.
24Feb2017 Market Commentary: Wall Street Opened Moderately Lower, Crude Prices Take A Dump, US Dolla
23Feb2017 Market Close: Wall Street Closes Mixed Near The Unchanged Line, Nasdaq Closed Down Fractio
ECRI's WLI Growth Index which forecasts economic growth six months forward remains in positive territory for the 48th week - after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index.