from Elliott Wave International
Steve Hochberg and Pete Kendall, co-editors of our monthly Financial Forecast, sat down with ElliottWaveTV to discuss the volatility that followed Thursday's Brexit vote. Learn what the Brexit vote represents - and its implications for the world markets and economies.
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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from the Congressional Budget Office
Since 1945, when the International Monetary Fund (IMF) was established to promote global economic cooperation and stability, the United States has been its largest contributor. Today, the United States' financial commitment to the IMF totals approximately $164 billion; that is the maximum amount that the IMF can draw from the United States to make loans to other IMF members.
Infographic Of The Day: Repaint Your Home And Get It Sold Quickly
A typical house buyer always turns on not only with the exterior of the house but also when they feel at home upon entering the door of the house.
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by Elliott Morss, Morss Global Finance
The media loves reporting bad news - great ratings! And we have all received far more information/reports with no new information than we need on the Orlando and San Bernardino killings. And the same on planes lost in the Mediterranean and Indian Ocean. With this information overload, it is easy to lose the forest for the proverbial trees. And politicians do not help: they rearrange/distort news for their own purposes. Below, I offer several examples of 'media warp.'
by Jeff Miller, A Dash of Insight
This week's economic calendar has plenty of data during a week where many will want to anticipate the long weekend. Despite these factors, most are still trying to digest the Brexit decision. There will be stories on politics, polling, history, and human interest. The economic and financial market consequences will get the most play from financial media.
Is the Brexit Decision a Market Turning Point?
24Jun2016 Market Close: Markets Crash After Brexit, DOW Down 611 Points, Crude Looking To Fall Furth
24Jun2016 Market Update: DOW Down Nearly 3%, Global Stocks Reeling From Brexit And Gold Prices Skyro
ECRI's WLI Growth Index which forecasts economic growth six months forward was unchanged and remains in positive territory for the thirteenth week - after spending the previous 34 consecutive weeks in negative territory.