Why The Recent Rise In Wage Inflation May Not Be Good


by Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI

The recent rise in wage inflation is being used to support the case for rate hikes - including by Fed Chairman Janet Yellen, who now sees these 'tentative signs of stronger wage growth' as a harbinger of inflation.

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What We Read Today 04 July 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".).


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

Labor Market Search And Health Insurance Reform

by Minneapolis Fed

The Affordable Care Act (hereafter, ACA), signed into law by President Barack Obama in March 2010, represents the most significant reform to the U.S. health insurance and health care markets since the establishment of Medicare in 1965. The health care reform in the U.S. was partly driven by two factors: first, a large fraction of the U.S. population does not have health insurance (close to 18% for 2009); second, the U.S. spends a much larger share of the national income on health care than the other OECD countries (health care accounts for about one sixth of the U.S. GDP in 2009). There are many provisions in the ACA whose implementation will be phased in over several years, and some of the most significant changes started taking effect from 2014.

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Infographic Of The Day: Vehicle Maintenance To Improve Lifespan

Most of us are vehicle owners. However, we don't always have time to keep up with the required maintenance.

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Video of the Day:

Conservative German MP stated in part that Greece will never be able to pay back her debts, because this would require an economic growth of more than ten percent per year for decades.

video of day picture

FOREX NEWS by DailyForex

Weekly Economic & Political Timeline

This should be a more dramatic week for the Forex markets, due mainly to the Greek referendum on the proposed bailout deal that is taking place today. As the result becomes known it could rock the Euro and spill over into turbulence in other financial markets.

Greece Votes on Future Grexit

Today’s referendum in Greece could have repercussions across the globe. Or it might prove to be a tempest in a tea pot.


Appropriately enough, the etymology of the word “Chaos” stems from the Greek word “khaos” – meaning a vast void or chasm, originally.

Oil Prices Drop on Oversupply, Chinese Stock Probe

Good news may be in store at the pump before the July 4th weekend as oil prices dropped on Friday amid reports that an oversupply of the crude remains on U.S. oil rigs.

Swedish Central Bank Surprises

A surprise rate cut by Riksbank sent the Swedish Krona nearly 1% lower against its key rival, the common currency Euro.
 more investing, markets, precious metals & forex

The Week Ahead: Greece, FedSpeak or Lazy, Hazy, Crazy Days of Summer?

 more opinion

A Sad Day for Europe

by Alan Harvey, Institute for Dynamic Economic Analysis

The debate over Greece has an eerie resemblance to the debate over climate change. One side prefers apocalypse to changing its opinion, even in the face of evidence. In fact, as the evidence mounts, the denialists become only the more rigid.


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

Fed's Balance Sheet 01 July 2015 - Levels Fall

Total Fed Balance Sheet:

Fed's Balance Sheet week ending balance sheet was $4,440 trillion..

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