Written by Abhishek Roy, GEI Associate
The last couple of weeks have been very interesting concerning the Chinese economy, and especially regarding major Chinese stocks. During the latter weeks of June there was a stage where major stocks were falling, such as the benchmark Shanghai stock index, which slid about 13% within a week.
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 Bradley Adams, GEI Associate
As more information comes out regarding FIFA's recent corruption scandal the problem becomes deeper and more complex than ever thought. Out of the 104 bank accounts probed, 53 were related to bribes and money laundering.
Infographic Of The Day: Iconic TV Living Rooms
Inspiration comes from all manner of places, from design magazines and blogs, to Pinterest and Instagram. But for those not involved in the world of design, inspiration is usually sparked from the media, in particular our favourite TV shows. 80s wood panelling, 90s purple walls and even 00’s periodic table shower curtains - they have all sparked a design trend and impacted the way we design our homes.
FOREX NEWS by DailyForex
While the ongoing situation in Greece is clearly dominating market sentiment, investors are also pondering another possible troubling situation which is escalating in China.
The Greek tragedy is in a dramatic downward spiral but all hope is not lost. The curtain may not come down just yet as a possibility of a Eurozone bailout is still alive.
All eyes may be focused on Grexit and the state of the euro, but commodity buyers are looking beyond Greece and the effects of the debt crisis on gold.
This is getting a little gridiculous, but grere you gro. When the question of whether Greece will remain within the Eurozone or exit from the common currency is finally resolved, we can drop a few ‘g’s.
The surprise resignation of the Greek Finance Minister, Yanis Varoufakis, deprives us all of the presence of one of the most controversial, articulate, passionate, and unconventional politicians on the world stage today.
by Ellen Brown, Web of Debt
Pope Francis' revolutionary encyclical addresses not just climate change but the banking crisis. Interestingly, the solution to that crisis may have been modeled in the Middle Ages by Franciscan monks following the Saint from whom the Pope took his name.
X-factor Report 05 July 2015
by Lance Roberts, StreetTalk Live
The seemingly never ending 'Greek Crisis' has certainly garnered the world's attention over the last couple of weeks. And while market volatility has certainly increased as of late, it is important that we step back and look at the markets objectively.
07Jul2015 Pre-Market Commentary: Asia, EU Markets In The Red, U.S. Futures In The Green, But For How
Econintersect: CoreLogic's Home Price Index (HPI) shows that home prices in the USA are up 6.3% year-over-year year-over-year (reported up 1.7% month-over-month). There is considerable backward revision in this index which makes monthly reporting problematic. CoreLogic HPI is used in the Federal Reserves's Flow of Funds to calculate the values of residential real estate.