by St Louis Fed
-- this post authored by Silvio Contessi and Usa Kerdnunvong
After the financial storm that spread from the United States in the summer of 2007 to many advanced economies by the fall of 2008, the economics profession was criticized for not being able to predict the crisis and for the profession's limited understanding of the mechanisms that generated the upheaval and allowed it to spread. Today, there is an abundance of new research that places the crisis in a historical context and links it to the development and bursting of asset bubbles - those periods of explosive behavior of prices.
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 Atlanta Fed
More than 80 percent of businesses in the United States are nonemployer firms, meaning that they have no employees besides the owner. Together, they make up just 3 percent of annual business receipts, but they contribute to economic activity in other ways that are not captured in aggregate statistics.
Infographic Of The Day: Happiness Index
Find Out Where Your Country Ranks on the Happiness Index (Infographic)
FOREX NEWS by DailyForex
The U.S. Dollar continued to gain positive momentum in the wake of the Federal Reserve’s latest policy decision.
The U.S. economy continues to improve with decreasing unemployment and improvement in the housing sector.
Markets have a way of switching gears almost overnight and that is what seems to be happening in Asia.
The US Dollar edged higher against the Japanese Yen as investors dismiss the recent rout in Chinese equities and as speculation grows that the U.S. could soon see a rise in interest rates.
The big question hanging in the air this week is whether or not the Fed will officially schedule a date for the interest rate increase which it has been predicting for the last few months.
by Elliott Morss, Morss Global FinanceIntroduction
The absence of any capacity to regulate guns in the US is increasingly apparent. There are almost daily reports of politically motivated and/or mentally deranged individuals obtaining guns and going on shooting sprees. What to do? Since the US background checks system is full of holes. It is time to consider alternatives. We start by looking at how other leading killers are regulated.
by Jeff Miller, A Dash of Insight
Recent weeks have emphasized markets (especially declining commodity prices) as a read on the economy. This week's full slate of data will provide a reality check on that interpretation. The punditry will be asking:
Will July economic data confirm the weakness signaled by commodities?
31Jul2015 Market Update: Markets Recover From Morning Doldrums, WTI Oil Falls Into Major Support, In
31Jul2015 Pre-Market Commentary: U.S. ECI Worst Since 1982, U.S. Dollar Drops, Oil Gains Fractionall
Written by Steven Hansen
This leading index continues to be recalculated (what good is a leading index which continues to be recalculated?) - and continues to forecast stable but relatively week growth for the remainder of the year. A review of all major leading indicators follows - and no leading index is particularily strong.