from Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI
The cyclical downturn in U.S. economic growth that began more than a year ago remains intact, as shown by the year-over-year (yoy) growth rate of ECRI's U.S. Coincident Index (USCI).
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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from Elliott Wave International
In this interview, the head of Elliott Wave International's Educational Resources, Wayne Gorman, tells you about 3 practical benefits of trading with the Elliott Wave Principle: setting realistic price targets, finding ideal entry points -- and squeezing the most out of the trend.
Infographic Of The Day: Effects Of Quitting Smoking
Cigarette smoking is to blame 443,000 deaths each year in the United States.
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by Yanis Varoufakis
IMF confesses it immolated Greece on behalf of the Eurogroup
This week began with a debate in Greek Parliament called by the Official Opposition (the troika's main, but not only, domestic cheerleaders) for the purposes of, eventually, indicting me for daring to counter the troika while minister of finance in the first six months of 2015.
by Michael E. Lewitt
Money Morning Article of the Week
Back in 1998, my firm visited with a prominent money manager in New York City.
At the time, we were trying to raise money to invest in less‐than‐investment‐grade corporate debt. We attended the meeting and, to put it politely, we were given the brush off. That was no big deal - it happened all the time.
29Jul2016 Market Close: Wall Street Closes Higher, US Dollar Falls, WTI Crude Gains Fractionally Off
29Jul2016 Market Update: Wall Street Trades At New Historic Highs, DOW Remains Nearly Flat Up 25 Poi
29Jul2016 Pre-Market Commentary: US GDP Falls Sharply, US Dollar Drops Precipitously, Gold And Crude
Written by Steven Hansen
Econintersect's Economic Index is no longer in contraction but its level is correlating to a snail's pace economic growth. The index remains near the lowest value since the end of the Great Recession. This month a graphic has been added to highlight the differences with GDP.