Is The Economic Outlook Terrible?


Written by Steven Hansen

This week we were subjected to terrible 1Q2017 GDP numbers that even President Trump was silent as no amount of spin could make them look good.

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What We Read Today 26 May 2017

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".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Documentary Of The Week: Can We Avoid Another Financial Crisis?

Written by John Lounsbury

Econintersect: Steve Keen was interviewed earlier this month by Rachel Rickard Straus on the Daily Mail's 'Big Money Questions'. He explained how another financial crisis could be avoided and why the necessary actions will not be taken in the next several years. However, he does expect the world will take action in the longer term.


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Infographic Of The Day: 34 Startup Metrics For Tech Entrepreneurs

Several years ago, a key challenge with launching a new tech startup venture was that there weren't many precedents to follow.

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Video of the Day:

Paleontologists can figure out a lot about what dinosaurs looked like based on their fossils, but color? Not so much.

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Current Weather Outlook

Written by

Ocean temperature anomalies this week are far less dramatic than last week. Perhaps this suggests less drama in the forecasts. We discuss again why we believe the calls for an El Nino are a bit bizarre. Mostly we discuss the current 6-10 Day, 8-14 Day and Week 3-4 forecasts for the U.S. which surprisingly are more controlled right now by the Atlantic and Gulf of Mexico than the Pacific.  We also review the overall World situation.


 more investing, markets, precious metals & forex

No ... Not Everyone Was Wrong On Bonds

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Our 'Selfish' Genes Contain The Seeds Of Our Destruction - But There Might Be A Fix

from The Conversation

-- this post authored by John Baird, University of Aberdeen

The human race is in so much trouble that it needs to colonise another planet within 100 years or face extinction. So says the physicist Stephen Hawking in an upcoming BBC documentary, 'Stephen Hawking: Expedition New Earth. According to Hawking':

'With climate change, overdue asteroid strikes, epidemics and population growth, our own planet is increasingly precarious'.

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 USA economy at a glance (boxed items are updates in last 7 days)

19 May 2017: ECRI's WLI Growth Index Ticks Marginally Up

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.

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