Written by Sig Silber
The end of month update only covers the following month but sometimes that data also provides clues with respect to subsequent months - and I think that is the case this time. Also July does not appear to be evolving exactly as projected in the June 30 Update and involves a fairly complicated pattern change. Thus confidence in the second week of the 6 - 14 Day Outlook is less than usual. Meteorological Agencies continue to project that this El Nino will strengthen and hang around for a while but I will discuss why I think it is a short-timer. The North American Monsoon appears to be developing a bit further west than earlier predicted. So there is nothing major to discuss but there are a number of different issues which will impact weather where you live.
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 Constantin Gurdgiev, TrueEconomics.Blogspot.in
With over 75% of votes counted in the Greek referendum, 61.6% of the votes counted are in favour of 'No'.
Read more >>
Infographic Of The Day: Vegan Shopping List
Sure, you have plenty of vegan cookbooks, recipes and snack ideas at hand.
FOREX NEWS by DailyForex
This is getting a little gridiculous, but grere you gro. When the question of whether Greece will remain within the Eurozone or exit from the common currency is finally resolved, we can drop a few ‘g’s.
The surprise resignation of the Greek Finance Minister, Yanis Varoufakis, deprives us all of the presence of one of the most controversial, articulate, passionate, and unconventional politicians on the world stage today.
In the wake of Sunday’s NO vote for a new Greek bailout, currency traders flocked to safe haven currencies as uncertainty continued to escalate.
The Greek people have decided to reject any deal with the creditors that might have further austerity linked to it in a referendum which has been criticised for being too hastily (and unnecessarily) called and was viewed as confusing and ambiguous even in Greece.
Last week saw the financial world in uncharted waters with the sovereign default of Greece and a referendum to be held which external observes say will decide the fate of the nation (and its government) within the Eurozone.
by Reverse Engineer, Doomstead Diner
The Butterfly's Wings Effect- Small changes in intitial conditions lead to wildly different outcomes in complex systems.
by Frank Holmes, Daily Reckoning
Here's a bit of energizing news: In 2014, for the first time in four decades, the global economy grew along with energy demand without an increase in global carbon emissions.
06Jul2015 Market Update: Markets Erase Most Of Morning Losses, Oil Falls 5%, Averages Trading Modest
Econintersect: Average gasoline prices fell 0.8 cents per gallon nationwide this past week following the previous week's 1.0 cent fall.