Written by Econintersect
Early Bird Headlines 29 September 2016
Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.
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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by Philip Pilkington
In a series of comments on my previous post involving myself, Neil Wilson and Oliver it became clear quite quickly how closely my asset-pricing framework is tied up with the Post-Keynesian theory of endogenous money. Oliver suggested that I look into the Theory of Monetary Emissions (TME) - a forerunner of the modern 'Circuitist school' of monetary theory. In this post I consider how and why my approach differs from the Circuitist theory through a reading of Sergio Rossi's excellent paper The Theory of Monetary Emissions which can be found in A Handbook of Alternative Monetary Economics.
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Written by Sig Silber
At this point we have a storm that appears to be headed towards Baja California today (Monday) and back towards Salt Lake City on Thursday. It made me think of the Camino Real or Royal Road of which there were at least a half dozen in Mexico. At any this very meridional trough for so early in the Fall may well dominate CONUS weather this week. Elsewhere, Typhoon Megi may pass North of the Philippines on the way to Taiwan and then possibly Hong Kong. Next week we may have an interesting situation in the Gulf of Mexico. Lots to talk about. .
from Money Metals Exchange
-- this post authored by Clint Siegner
Some say the U.S. dollar may die 5 days hence. The Chinese renminbi will kill it. Much is being made of plans by the International Monetary Fund (IMF) to add the renminbi to its basket of strategic reserve currencies called Special Drawing Rights (SDR). The IMF will make the change on October 1. While the implications for the Federal Reserve Note, currently the U.S. dollar, as the world's primary reserve currency may be profound over time and the importance of this even should not be overlooked, the impact is unlikely to happen overnight.
by Pebblewriter, Pebblewriter.com
We've talked about DB's dangerously leveraged position. From yesterday's Trouble Brewing:
28Sep2016 Market Close: Wall Street Closes Higher After A Sluggish Start In The Morning, Crude Price
28Sep2016 Pre-Market Commentary: Wall Street Flat Again This Morning, Crude Prices Rise, US Dollar D
October 2016 Economic Forecast: Outlook Insignificantly Declines But Little Economic Strength Entering 4Q2016
Written by Steven Hansen
Econintersect's Economic Index insignificantly declined with the economic outlook remaining weak. The index remains near the lowest value since the end of the Great Recession. Some sectors of the economy continue to give recession warning flags. Employment growth forecast indicates little change in the rate of growth.