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31Aug2016 Market Close: US Markets Close Fractionally In The Red, Crude Prices Remain Depressed, US Dollar Off Session High Mark, But Remains Elevated

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Written by Gary

Wall Street closed in the red, but recovered 80% of its morning losses. Crude prices remain near the session lows, falling to the lowest level in nearly three weeks after data showed that oil supplies in the U.S. rose for the second week in a row. U.S. private employers have maintained a steady pace of hiring suggesting the economy is ready for the Fed's to raise interest rates this year.

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What We Read Today 30 August 2016

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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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

Five Most Common Myths About Space

I bet many of you at one point dreamt about getting to outer space, witness meteors and asteroids passing by and find out what happens to a human inside a black hole. But in essence, most of our knowledge about the Universe is made up of random bits from Hollywood movies and science fiction books, which are often quite far from reality. We would try to dispel a few of these myths for you. So, these are six of most common myths about space.

Infographic Of The Day: 8 Health Benefits Of Kissing

When it comes to kissing, we all have different reasons.

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Video of the Day:

I bet many of you at one point dreamt about getting to outer space, witness meteors and asteroids passing by and find out what happens to a human inside a black hole. But in essence, most of our knowledge about the Universe is made up of random bits from Hollywood movies and science fiction books, which are often quite far from reality. We would try to dispel a few of these myths for you. So, these are six of most common myths about space.


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 more investing, markets, precious metals & forex

31Aug2016 Market Update: Wall Street Slides, Texas Tea Slips, Gold Tumbles, US Dollar Falls, All In All, Not A Great Trading Day



 more opinion

Rickards: Brexit Is NOT The End Of The EU

by James Rickards

Special Report from The Daily Reckoning

I do not believe that Brexit means that the European Union is going to break up. Or that it spells the end of the euro as a currency. I've been very bullish on Europe and the Euro in the past. Even if the currency fluctuates, all these currencies are fluctuating, and the Euro did trade down from around the 140 level in late 2013, all the way down to 105 in January 2015, and people said, 'Oh, it's going to parity.' I said, 'No, it's not going to parity,' and it didn't. It bounced back to 105 a couple times, back up around 110 today, $1.10.

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

July 2016 Pending Home Sales Index Improves?

Written by Steven Hansen

The National Association of Realtors (NAR) seasonally adjusted pending home sales index again increased. For the second month in a row, our analysis of pending home sales is more negative than the NAR's, and we are forecasting little growth in August existing home sales. The quote of the day from this NAR release:

... There's little doubt there'd be more sales activity right now if there were more affordable listings on the market ...

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