30Aug2016 Market Close: Wall Street Closed Lower Along With Texas Tea In The Mid 46 Handle, US Dollar Continues To Climb Higher, Indicators Neutral With A Bearish Slant


Written by Gary

US major indexes closed down fractionally (SPY -0.2%) after rising from session lows. Apple dragged down U.S. stocks, but a gain in financial stocks limited the impact. Crude prices fell a full point while the US dollar continued to show strength and households are more upbeat about the labor market, a sign that the economy was regaining steam.

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What We Read Today 29 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".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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

Internet and Hate

Written by Frank Li

This post was triggered by this article: Time: How Trolls Are Running the Internet. I like Joel Stein and have been reading his weekly column (in Time) for years, always with caution though (Brainwashing in Communism and in Democracy). But I must admit that I agree with this recent article of his 100%!

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Infographic Of The Day: 8 DIY Activated Charcoal Beauty Recipes

Activated charcoal has become one of the hottest trends in the DIY beauty industry and for good reason.

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Video of the Day:

What does 1 dollar get you in other countries? John and Hannah tell you what you can buy around the world with just 1 dollar. If you have traveled abroad, let us know what you've been able to get for 1 dollar.

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30Aug2016 Market Update: US Markets Fractionally In The Red, US Dollar Continues To Rise, Crude Prices Plunge, Short-Term Indicators Neutral With A Bearish Twist

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Here's Why B Of A's Chart Of Fast Growing Low Wages Is BS

by Lee Adler, Wall Street Examiner

Good guy Sam Ro, now at Yahoo, tweeted out a chart by Bank of America Merrill Lynch (BAML) this morning showing that low wage job gains have outpaced gains in high wage jobs.I happen to keep charts on wage growth by industry, so I know a little about the subject. I had my usual calm and measured response.

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

September 2016 Economic Forecast: Outlook Again Improves But Growth Forecast Remains Weak

Written by Steven Hansen

Econintersect's Economic Index has shown better growth for the second month in a row - but the economic outlook remains weak. The index remains near the lowest value since the end of the Great Recession. There remain recession warning flags in some of the data.

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