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29Aug2016 Pre-Market Commentary: US Futures Point To A Fractionally Higher Opening (For Now), Gold And Crude Prices Fall On Stronger US Dollar, Rate Increase Now At 65% In December

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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.

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What We Read Today 28 August 2016

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.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

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 more features, analysis, studies, and news published in the last week

Income Persists More Than Wealth Between Generations

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.

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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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Video of the Day:

Here's why. They’re slow, expensive, and not very reliable. And there are a few, largely unsolvable reasons why that’s the case. Trains are only more convenient than planes when cities are located 200-300 miles apart. But the thing that makes trains absolutely suck has to do with ownership. Commuter rail services like Amtrak operate on tracks owned by other companies. Companies that prioritize freight cars and have limited interest in making sure passenger cars can hit their top speeds.


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 more investing, markets, precious metals & forex

Monday Morning Call 29 August



 more opinion

Government Sanctioned Killer Opiates

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?

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Written by Lance Roberts, Clarity Financial

Charts 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.

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 USA economy at a glance (boxed items are updates in last 7 days)

July 2016 Personal Consumption and Income Growth At Expectations.

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.

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