Econintersect: We are posting for the general public what was in What We Read Today on Thursday 02 July 2015. This daily feature is accessible only by GEI members - and membership is FREE. The only thing needed is a subscription to our FREE daily newsletter. Click through the Read more >> command to read Friday's column. Click here to sign up for our FREE daily newsletter to get great reviews like this every day.
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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by Zoltan Jakab and Michael Kumhof
Appeared originally at Voxeu.org 18 June 2015
Problems in the banking sector played a seriously damaging role in the Great Recession. In fact, they continue to. This column argues that macroeconomic models were unable to explain the interaction between banks and the macro economy.
Read more >>
Infographic Of The Day: Mars-Size Exoplanet Smaller Than Earth
Although most of the planet candidates cataloged by NASA's Kepler space telescope have diameters in the range of 2 to 4 times that of the Earth, little Kepler-138 b is only about the size and mass of Mars.
FOREX NEWS by DailyForex
Appropriately enough, the etymology of the word “Chaos” stems from the Greek word “khaos” – meaning a vast void or chasm, originally.
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.
A surprise rate cut by Riksbank sent the Swedish Krona nearly 1% lower against its key rival, the common currency Euro.
Tomorrow, Friday, 3rd July, is a major public holiday in the U.S.A. This year, the 4th of July is effectively the 3rd of July, 2015. Find out how this affects Forex trading and when the markets will be closed here.
Now that Greece has missed a repayment worth about 1.5 billion euros ($1.7 billion) that was due on Tuesday to the International Monetary Fund (IMF), all eyes are focused on the future of the euro and its impact in the international arena.
by EconMatters, EconMatters.com
Greece missed a payment to the The International Monetary Fund (IMF) of about 1.5 billion euros, or $1.7 billion, on Tuesday which officially put the country in the ranks of Sudan, Somalia and Zimbabwe.
U.S. stocks lower at close of trade Thursday; Dow Jones Industrial Average down 0.16% to end Short Week
by Investing.com Staff, Investing.com
U.S. stocks were lower after the close on Thursday, as losses in theFinancials, Healthcare and Basic Materials sectors led shares lower.
At the close in New York, the Dow Jones Industrial Average lost 0.16%, while theS&P 500 index declined 0.03%, and the NASDAQ Composite index declined 0.08%.
02Jul2015 Market Close: Markets Close In The Red, Bond Prices Up, WTI Oil Down, Have A Happy Weekend
Total Fed Balance Sheet:
Fed's Balance Sheet week ending balance sheet was $4,440 trillion..