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27May2016 Market Close: Wall Street Closed Higher, DOW Up 45 Points, WTI Crude Testing High 49's, Three Day Holiday Ahead

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Written by Gary

Wall Street closed higher today for its strongest week since March after U.S. Federal Reserve Chair Janet Yellen said an interest-rate hike would likely be appropriate 'in the coming months.' Oil futures also ended the session higher and a gain for the week, but below the $50 yesterday. Financial markets in the U.S. will be closed on Monday for the observance of Memorial Day, in honor of men and women who died while serving in the U.S. military.

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What We Read Today 26 May 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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Every day most of this column ("What We Read Today") is available only to GEI members.

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

How To Make A Mini Solar Car!

Make a tiny solar car for about $1. Easy and fun!







Infographic Of The Day: Best Places For First-Time Home Buyers

Indianapolis is the best market for first-time home buyers right now, according to Zillow's latest analysis. Pittsburgh and Memphis are also high on the list of places that are the easiest for first-time buyers.

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Video of the Day:

Make a tiny solar car for about $1. Easy and fun!


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27May2016 Market Update: Yellen's Speech Does Little To Move The Major Averages One Way Or The Other, SP500 On Track For Largest Weekly Gain Since March



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Martin Feldstein On Government Debt Does Not Make Sense

from Dirk Ehnts, Econoblog101

This is from his article at Project Syndicate:

In the United States, the Congressional Budget Office estimates that the federal government debt doubled over the past decade, from 36% of GDP to 74% of GDP. It also predicts that, under favorable economic assumptions and with no new programs to increase spending or reduce revenue, the debt ratio ten years from now will be 86% of GDP.

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

20 May 2016: ECRI's WLI Growth Index Unchanged

ECRI's WLI Growth Index which forecasts economic growth six months forward expanded marginally and remains in positive territory for the ninth week - after spending the previous 34 consecutive weeks in negative territory.

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