Written by Gary
A closely-watched gauge of consumer sentiment from the University of Michigan came in at 98, up from November. Wall Street hit a trifecta of records for the third day in a row today as this rally got a boost from healthcare and technology stocks.
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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Americans are notorious for using filler words. While moderate use in a casual environment could be helpful it is advised to avoid excessive use, especially in a professional setting. If you're using too many filler words, it is time to stop the habit.
Infographic Of The Day: Copyright - Illegal Download
People are talking about how they just saw the latest movie or how they are watching the latest TV shows episode. They are downloading illegally and they talk about it like its nothing.
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Written by Sig Silber
Global Warming takes a break at least for CONUS as cold is the forecast for the Northern Tier of CONUS (and points North). It first looked like this would be a meridional pattern bringing record cold down to the Southwest but the Jet Stream turned zonal in the nick of time. So the cold air is being distributed more equitably. Waiting for NOAA to walk back their incongruous La Nina Advisory...probably December 8.
09Dec2016 Pre-Market Commentary: Wall Street Set To Open Flat, But On The Green Side, WTI Crude Attacking Resistance, Investors Ready For A Breather
by Ellen Brown, Web of Debt
To stimulate the economy, create new jobs, and generate new GDP requires an injection of new money. Borrowing from the bond markets or off-balance-sheet in public/private partnerships won't do it. If Congress won't issue money directly, it should borrow from banks, which create money on their books when they make loans.
Written by Gary
Wall Street futures pointed to a mixed open this morning (SPY +0.1%), after the major U.S. indices closed at fresh record highs yesterday, still buoyed by a post-election sugar high.
08Dec2016 Market Close: Wall Street Closes Higher, But Not Without Pause For Indicators That Spell C
08Dec2016 Market Update: Wall Street Marches On, New Intraday Highs Mark Bull Run Advancement, US Do
ECRI's WLI Growth Index which forecasts economic growth six months forward remains in positive territory for the 37th week - after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index. Also ECRI released their inflation outlook this past week.