Written by Steven Hansen
The National Association of Realtors (NAR) seasonally adjusted pending home sales index rebounded to the second highest level in a decade. Our analysis says the opposite but the rolling averages insignificantly improved. The quote of the day from this NAR release:
... Looking ahead to the busy spring months, Yun expects to see continued ebbs and flows in activity as new supply struggles to replace listings that are going under contract at a very quick pace. ...
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 Liberty Street Economics
-- this post authored by Thomas Klitgaard and Harry Wheeler
Why have interest rates stayed low for so long after the financial crisis - and will they remain low for the foreseeable future? One way to answer these questions is to use the accounting identity that global saving must equal physical investment spending and argue that low rates have been necessary to prop up investment spending enough to match saving.
Infographic Of The Day: Which Countries Are Going In The Right Direction
With so much polarization on key issues, it's tough to get a pulse on where the world is heading.
This widget provided by DailyForex.com Forex News & Brokers;
Written by Sig Silber
Short-term the lower Mississippi Valley seems prone to flooding issues and tornadic activity. Some models are predicting an Active Phase of the MJO for April and May. This could consolidate the two branches of the Jet Stream and trigger Kelvin Waves. If there was warm water in the Indo-Pacific Warm Pool this could induce an El Nino.
29Mar2017 Pre-Market Commentary: Wall Street To Open Flat And Session May End In The Red, US Dollar Stronger Due To The Brexit Move, Crude Prices Slip
by FEE, fee.org
-- this post authored by Bryan Kaplan
There are many complaints about governments, but the harshest is, 'This government grossly violates human rights.' The background assumption is that human beings have rights that everyone - including governments - is morally obliged to respect.
Written by Gary
U.S. stock future indexes pointed to a flat open this morning (SPY -0.1%) after the Dow managed to break its longest losing streak since 2011 yesterday. Crude prices edged lower (WTI 48.41) after hitting a one-week high, while monitoring disruptions to Libyan crude production.
28Mar2017 Market Close: US Stocks Posted Gains, DOW Closed Up 150 Points, Crude And US Dollar Steady
28Mar2017 Market Update: Wall Street Ends 8 Day Losing Streak, DOW Up Triple Digits After Strong Con
Written by Jill Mislinski
The latest Conference Board Consumer Confidence Index was released this morning based on data collected through March 16. The headline number of 125.6 was a sharp increase from the final reading of 116.1 for February, an upward revision from 114.8. Today's number was above the Investing.com consensus of 114.0.