by Michael Haltman
Is an economic red alert called for?
As the owner of a title insurance provider reliant on a healthy and vibrant U.S. economy that hopefully leads to the same in the real estate market, I am always searching for clues to provide me with indicators both for today and moving forward into the future!
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".).
BECOME A GEI MEMBER - IT's FREE!
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.
by Paul Rogers, The Conversation
As the number of Britons confirmed dead in the Sousse massacre continues to climb, David Cameron has again ruled out putting British troops on the ground in Iraq and Syria - but conceded that Islamic State (IS) is plotting 'terrible attacks' on Western soil.
Infographic Of The Day: How NASA's Gemini Spacecraft Worked
To follow the successful series of Mercury flights, NASA planned the Gemini spacecraft for the mid-1960s.
FOREX NEWS by DailyForex
With the dramatic events of Friday and Saturday still being considered, the European Central Bank (ECB) met on Sunday and decided that it would not extend Emergency Liquidity Assistance (ELA) to the Greek central bank above its current level of €89 billion.
With d(default)-day right around the corner, Prime Minister Alex Tsipris believes he hasn’t lost the battle just yet. In a television interview several hours ago, Tsipris suggested that European leaders would not have the nerve to kick his country out of the eurozone membership and that the cost of their doing so would be “enormous.”
Last week saw the final trading session for the week, the month and the quarter from the perspective of these summaries. Much of that time has been pre-occupied with the Greek crisis which seems to have come to a head now.
Negotiations between Greece, the IMF and organs of the European Union came to a head on Friday. Most people had expected that some kind of 12th hour (it was that late) deal would be struck which would allow the left-wing Tsipras government to save face, but deliver some of the structural reforms that the major creditors had demanded
We all expected it and it has happened. Greek banks will be keeping their doors shut on Monday for an entire week. Piraeus Bank SA Chief Executive Officer Anthimos Thomopoulos told reporters of his decision Sunday after a meeting of the government’s financial-stability committee.
by Barry Eichengreen,, The Conversation
Since our last episode, the crisis in Greece has escalated further. Negotiations between the government and its creditors collapsed over the weekend, and restrictions on bank withdrawals will now follow.
"Sentence First, Verdict Afterwards": The Alice in Wonderland World of Fast-tracked Secret Trade Agr
Investing.com Technical Analysis (as of Tue, 30 June 2015 05:00pm EST)
by Investing.com Staff, Investing.com
Below, technical overviews and analysis for key stock indices, commodities and currency pairs, based on market activity at the close of the 30 June 2015 U.S. session. This information is a comprehensive summary derived from simple and exponential moving averages along with key technical indicators shown for specific time intervals.
30Jun2015 Pre-Market Commentary: Greek D-(efault) Day, Grexit Almost Assured, Markets Relatively Sta
Written by Steven Hansen
Econintersect's Economic Index strengthened partially reversing last month's decline. Still, the tracked sectors of the economy remain relatively soft with most expanding at the lower end of the range seen since the end of the Great Recession. Thinking through the reasons for this month's increase, it was the improvement in a few areas from terrible to marginal growth.