Written by Gary
U.S. stock index futures pointed to a fractionally higher (SPY +0.09%) open on this morning, as investors looked ahead to U.S. economic data for fresh hints on the timing of the next U.S. rate hike. December odds were at around 65%, compared to 50% Friday morning. The U.S. dollar climbed to a two-week high and gold and crude prices fell sharply.
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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from the St Louis Fed
Research has shown evidence of persistence in both income and wealth across generations. But which one persists more? How likely are people to do better than their parents? A recent article inThe Regional Economist explored intergenerational mobility, or the changes in family economic status between successive generations.
Infographic Of The Day: Health Benefits Of Mustard
It's strange to think that one of the most overlooked healthy ingredients is also one of the most common.
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by Charles Hugh Smith, Of Two Minds
What Can We Say About a System that Criminalizes a Safe Painkiller (0 Deaths) and Promotes Big Pharma Opiates that Have Killed 165,000 Americans?
So when will the citizens wake up to the criminality of their government in favoring killer corporate opiates over safe natural painkillers?
Buy When There's Blood In The Streets - Part 2 Of Not The Best Time In History To Invest In Real Est
Written by Lance Roberts, Clarity FinancialCharts Suggest Higher Levels Of Caution
Despite a 'belief' that 'This Time Is Different (TTID)' due to Central Bank interventions, the reality is that it probably isn't. The only difference is the interventions have elongated the current cycle, and has created a greater deviation, than what would have normally existed. What is 'not different this time' is the eventual reversion of that extreme will likely be just as damaging as every other previous bear market in history.
26Aug2016 Market Close: US Markets Close In The Red, US Dollar Remains Higher, Crude And Gold Back D
26Aug2016 Market Update: US Markets Unexpectedly Opened Higher, Then Declined After Digesting Yellen
26Aug2016 Pre-Market Commentary: US Futures Fractionally Down, US Dollar Falling, Gold Rising, WTI C
Written by Steven Hansen
The headline data this month continues to show consumer expenditure growth. This is postive for 3Q2016 GDP if one considers GDP as a good measure of the economy. The negative of the headlines is that year-over-year income is still growing slower than expenditures.