ECRI's WLI Growth Index which had spent 28 weeks in negative territory - is now in its fourth week in positive territory but was little changed this week. ECRI also released its lagging indicator this week and is reported below.
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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Historical Echoes: Move Over Oculus Rift And Google Cardboard, Let's Pay Homage To The Stereoscopic Viewer!
by Amy Farber - Liberty Street Economics, Federal Reserve Bank of New York
Within the New York Public Library Digital Collections is the Robert N. Dennis Collection of Stereoscopic Views. Stereoscopic photographs were viewed with a stereoscopic viewer or stereoscope. According to the 'About' tab of the NYPL page for the collection, 'During the period between the 1850s and the 1910s, stereos were a mainstay of home entertainment, perhaps second only to reading as a personal leisure activity.'
Infographic Of The Day: Can Smartwatches Become The Future Of Wearable Technology?
Following the release of the Apple Watch, 2015 looks more than ever to be the year that smartwatches reach a mainstream audience. Watches traditionally have been worn for fashion as well as practicality and the latest generation from tech manufacturers are looking to try to bridge that gap for the first time.
FOREX NEWS by DailyForex
According to the UK’s Office for National Statistics (ONS), the original estimate for Q1 growth in 2015 was spot-on at 0.3%. The figure represents a significant slowing of the UK economy from the pace seen in Q4 2014 which came in twice as high.
Chinese shares came back slightly on Friday after plunging drastically the day before, but couldn’t prevent investors from remaining skeptical that the equity market was turning around.
Investors, speculating that interest rates in the United States are likely to rise higher this year, helped to push the U.S. Dollar to a multi-year peak versus the Japanese Yen.
The totally anonymous “numbered Swiss bank account” much beloved by authors of crime fiction as the ultimate repository for hiding one’s ill-gotten gains may itself, have its days numbered.
Australia released its business capital expenditure (CAPEX) report Thursday and it wasn’t promising.
29May2015 Pre-Market Commentary: U.S. GDP Sinks Lower, Oil Up, U.S. Dollar Down, U.S. Futures Off Fractionally
by Lee Adler, Wall Street Examiner
Core capital goods orders, adjusted by the PPI to reflect the actual volume of orders over time, fell 1% year to year in April. We know that the BLS is understating the inflation rate, so the actual trend is probably worse than this. But this is bad enough.
Written by Gary
Several data releases, including revised growth data for the first quarter, which provides another gauge of U.S. economic health, with revisions downward, was expected after a brutal winter, underscores the American economy's seeming inability to generate much momentum.
Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, although prices were set for a weekly drop on a stronger dollar. Markets expected to open sharply lower.
28May2015 Market Close: Markets Close Down, But Higher Than Morning Lows, A Greek Default Worries In
by Doug Short, Advisor Perspectives/dshort.com
The University of Michigan final Consumer Sentiment for May came in at 90.7, down from the 95.9 April final reading and well below the interim high of 98.1 in January. Investing.com had forecast 89.9 for the May final.