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 Jonathan McCarthy
In a recent Liberty Street Economics post, I showed that one major category of consumer spending - spending on discretionary services such as recreation, transportation, and household utilities - behaved very differently in the 2007-09 recession and subsequent recovery than in previous business cycles: specifically, it fell more steeply and has recovered much more slowly.
Infographic Of The Day: Truck Accident Statistics In The U.S.
A large truck is defined as a truck with a gross vehicle weight rating (GVWR) greater than 10,000 pounds.
This widget provided by DailyForex.com Forex News & Brokers;
Written by Sig Silber
The main focus of this report is the NOAA February, Three-Month and 15-Month Forecasts, the JAMSTEC Three-Season Forecast, and a comparison of the JAMSTEC with the NOAA forecast. There are some areas of agreement for the first season (Spring) and then more divergence for Summer. NOAA only addresses temperature for next Winter while JAMSTEC forecasts a dry West and a wet East. The differences in the forecasts are due to relatively small differences in the estimates of the timing of the demise of the La Nina Conditions and the forecasts for what follows for this coming Summer and Winter. We address the possibility that NOAA is behind the curve re the ENSO Transition.
22Jan2018 Pre-Market Commentary: Wall Street Is Set To Start The Week Flat As The US Government Shutdown Enters Its Third Day, Crude And The US Dollar Slip Fractionally
from The Conversation
-- this post authored by Patrick Andelic, Northumbria University, Newcastle
Bill Clinton is about to mark the 25th anniversary of his inauguration as the 42nd US president. Until the night of November 8 2016, millions of voters and experts assumed that he would be celebrating that milestone as the First Gentleman in a second Clinton administration, and that when he returned, he would be welcomed by the party and country both.
Written by Gary
The US equities main benchmarks are flat ahead of the opening bell (SPY -0.02%) as investors shrug off the government shutdown. The dollar is pulling back slightly and Treasury yields are touching 3 1/2-year highs.
19Jan2018 Market Close: Wall Street Closes Higher, DOW Falls Behind The SP 500 And Nasdaq In Setting
19Jan2018 Market Update: Wall Street Up And Trending Sideways, DOW Down 50 Points, Nasdaq Trading Ne
Written by Steven Hansen
The economy's rate of growth was little changed based on the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average - but economic growth remains significantly above the historical trend rate of growth.