by Yanis Varoufakis
IMF confesses it immolated Greece on behalf of the Eurogroup
This week began with a debate in Greek Parliament called by the Official Opposition (the troika's main, but not only, domestic cheerleaders) for the purposes of, eventually, indicting me for daring to counter the troika while minister of finance in the first six months of 2015.
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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by Rick Davis, Consumer Metrics Institute
July 29, 2016 - BEA Estimates 2nd Quarter 2016 GDP Growth At 1.21%:
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Infographic Of The Day: Traveling Abroad Is Cheaper Than Staying Home
Did you know that visiting a foreign country can actually be less expensive than living at home.
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by Danielle DiMartino Booth, Money Strong
Money Strong Article of the Week
Oh the horror! Movies that is. Its summertime and once again they're out there, all those shriek-worthy trailers just waiting to pounce. They'll grab you by the psyche and parade just for you and your mind's viewing pleasure an all-inclusive review of your horror genre past. And if you happen to have been born squeamish and came of age in the '80s, you know it only took sitting through a handful of scream inducers before you gave up the fight and relinquished the field. A little Halloween here, a dash of Friday the 13th there with some Freddy K thrown in for good measure and yours truly duly checked out for life.
Written by Investing.com Staff, Investing.com
U.S. stocks remain flat, ending July in near-record territory
U.S. stocks remained stuck in a tight, range-bound trade on Friday, continuing a trend of sideways trading that has persisted over the last two weeks, as the major indices ended July in near record-territory.
The Dow Jones Industrial average fell 24.11 or 0.13% to 18,432.24, suffering its fifth consecutive losing session. The Dow was dragged down by Exxon Mobil Corporation (NYSE:XOM), which fell more than 1% on the day after reporting its worst quarterly profits in 17 years.
29Jul2016 Market Close: Wall Street Closes Higher, US Dollar Falls, WTI Crude Gains Fractionally Off
29Jul2016 Market Update: Wall Street Trades At New Historic Highs, DOW Remains Nearly Flat Up 25 Poi
29Jul2016 Pre-Market Commentary: US GDP Falls Sharply, US Dollar Drops Precipitously, Gold And Crude
Written by Steven Hansen
Econintersect's Economic Index is no longer in contraction but its level is correlating to a snail's pace economic growth. The index remains near the lowest value since the end of the Great Recession. This month a graphic has been added to highlight the differences with GDP.