Written by Steven Hansen
The National Association of Realtors (NAR) seasonally adjusted pending home sales index declined. Our analysis is mixed. The quote of the day from this NAR release:
... Monthly closings have recently been oscillating back and forth, but this third consecutive decline in contract activity implies a possible topping off in sales ...
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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-- this post authored by Reva Goujon
In times of global angst, we tend to organize ourselves into rival camps and casually hurl political epithets at each other as a matter of practice and principle. A couple of similarly angst-ridden generations ago, identifying yourself as a communist or capitalist could provide you with a medal or land you in jail, depending on where you were in the world and the company you kept. Now, it is self-proclaimed globalists and nationalists who are pitted against each other in a battle to passionately defend or radically reconstruct the global order.
Infographic Of The Day: Fire Safety
Most fires in the home can be prevented. It's good advice to know the risks around your home and take steps to minimise them. Although many parts of fire prevention guides are common sense, we're often too busy with our daily lives to make sure we have a few things in place to help reduce the risks of fire. However, a little time planning and checking can save lives, because fire kills.
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Written by Sig Silber
It is three weeks out, but the models are suggesting that the 8 - 14 Day Period will create the conditions for the Southwest Monsoon to commence the following week but a bit displaced initially to the east. This week may see some relief from the heat which will return the following week but this time impacting the Northern Plains and points east.
28Jun2017 Pre-Market Commentary: Wall Street To Open Higher, Crude Prices Holding Ahead Of Inventory Reports, Investors Watching The Bank Stress Tests Closely, US Dollar Remains Under Pressure
by Michael Hudson, New Economic Perspectives
This is a Classic Essay First Posted 10 April 2012
A common denominator runs throughout recorded history: a rising proportion of debts cannot be paid. Adam Smith remarked that no government ever had repaid its debt, and today the same can be said of the overall volume of private-sector debt. One way or another, there will be defaults - unless debts are paid in an illusory fashion, simply by adding the interest charges onto the debt balance until the sums finally grow to so fictitious a magnitude that the illusion of viability has to be dropped.
Written by Gary
U.S. futures are pointing to a moderately higher opening (SPY +0.4%). Analysts are reporting that the Dow and S&P could undergo a slight bounce, but pointed to a continued decline in the Nasdaq. The Fed's bank stress tests will be released today and the results are likely to move the market.
27Jun2017 Pre-Market Commentary: Wall Street To Open Flat, Investors Are Watching Carefully Yellen's
Early Headlines: GOP Healthcare Waivering, UK's Great Brexit Divide, Hopes Of Defeating Merkel Fade,
Written by Jill Mislinski
The latest Conference Board Consumer Confidence Index was released this morning based on data collected through June 15. The headline number of 118.9 was an increase from the final reading of 117.6 for May, a downward revision from 117.9. Today's number was above the Investing.com consensus of 116.0.