Written by Steven Hansen
Recently Dallas Fed President Robert Kaplan said that any Federal Reserve Chair must be an:
... expert person that can analyze the economy and have views on monetary policy that are respected .... The reason that's so critical is the second part of the job -- which is they've got to be able to mobilize a consensus, forge a consensus among presidents and governors ...
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".).
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Written by John Lounsbury
Econintersect: Chaos is order out of disorder, and order out of non-linearity. When there is agreement within a system, the more complex a system, the better a bottom up/emergent organizational structure handles the diversity. Chaos theory has determined that knowing everything about the state of a complex system at any moment does not allow accurate prediction of the future of that system. The same is true on many relatively simple systems. This excellent video explains just how chaos rules our world.
Infographic Of The Day: How To Use Data As A Small Business
There are 2.5 quintillion bytes of data generated each day. Even small businesses can benefit from gathering data about their clients and customers. They can use it to improve their services and products, create something that the market truly wants, expand their reach, boost their revenue, etc.
This widget provided by DailyForex.com Forex News & Brokers;
Written by Sig Silber
NOAA keeps predicting a Monsoonal burst or surge (increase in Monsoonal moisture entering CONUS) depending on your choice of term. But the local forecasters keep on seeing reasons why it will not fully develop. This tension is again being played out this week. It is not clear how it will play out. More below in this week's full report. We also discuss the implications of burst or no burst. A "Break" in the action of the Monsoon is not anticipated.
from The Conversation
-- this post authored by Guy Thomas, University of Kent
Discrimination is a great taboo of our times, and yet one huge industry gets away with it every day. The insurance sector looks at us as risk with legs. It puts us into groups, and if we are in a group deemed riskier, we have to pay more. It's even written into law. Anti-discrimination legislation usually includes exemptions for insurance pricing.
We Worked Out What It Would Take To Wipe Out All Life On A Planet - And It's Good News For Alien Hun
Written by Investing.com Staff, Investing.com
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.15%
U.S. stocks were lower after the close on Friday, as losses in the Oil & Gas, Technology and Industrials sectors led shares lower.
At the close in NYSE, the Dow Jones Industrial Average fell 0.15%, while the S&P 500 index declined 0.04%, and the NASDAQ Composite index fell 0.04%.
21Jul2017 Market Close: Wall Street Claws Its Way Back Up After Very Negative Start, DOW Down32 Poin
21Jul2017 Pre-Market Commentary: Wall Street Flat For The Opening, Investors Remain On Board The Tru
ECRI's WLI Growth Index which forecasts economic growth six months forward remains in positive territory for over one year - after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index. Also ECRI released their coincident and lagging indices..