Written by Steven Hansen
Econintersect"s Economic Index now is indicating growth will be sluggish in April. Most tracked sectors of the economy are expanding - but now there is contraction in some data sets. The negative effects of the recently solved West Coast Port slowdown (a labor dispute which had been going on for months) and bad weather continues to be seen in much of the raw data - and it will be an economic drag on 1Q2015 GDP and into 2Q2015. It is difficult to differentiate these transient issues (weather and labor) from cyclic economic conditions - but one could argue that transient issues are the cause of economic cycles.
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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from the Dallas Fed
Economic indicators released since late January suggest that the U.S. will sustain trend growth in the medium term. Upside risks include low oil prices, a tightening job market, rising house prices, rising stock prices and low interest rates. Downside risks include the rising value of the dollar, weak global demand owing to Asia, and geopolitical conflict in Eastern Europe and the Middle East. On balance, the U.S. growth path remains steady.
Infographic Of The Day: What It Would Be Like Living On The Moon
Life on the moon would be very different for explorers than life on Earth.
FOREX NEWS by DailyForex
Asian stocks were mixed on Friday as rising tensions in the Middle East obscured the investment outlook, while the dollar rebounded.
It may be counter-intuitive to consumers, but economists and central bankers believe that a little inflation in an economy is a good thing.
The latest Markit composite Purchasing Managers’ Index (PMI) for the Eurozone suggests that business output in the 19 member bloc is growing at its fastest rate for almost four years.
A growing crisis in Yemen has fueled concerns that the Middle East is on the verge of becoming a powder keg for geopolitical tensions which has sent investors rushing to safe haven currencies like the Japanese Yen and the Swiss Franc.
Brent crude oil price surged $3 in Asian trading on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen. Asian importers, however, said they were not immediately worried about supply disruptions.
by William K. Black, New Economic Perspectives
This is the third column in what I intended to be my three-part series (see end of this article) about Citi"s most famous whistleblower, Richard M. Bowen, III. In this column I discuss Bowen and Citi"s senior (but not controlling) officers" presentations before the Financial Crisis Inquiry Commission (FCIC).
by Jeff Miller, A Dash of Insight
In the absence of real data it is easy and tempting to speculate. Unlike last week, the week ahead features an avalanche of data - more in both quantity and importance than we have seen in a month. With some recent significant reports showing economic improvement we expect a change of focus:
It is time for an economic spring thaw?
27Mar2015 Market Close: U.S. Averages Ended Session With Fractional Gains On Low Volume While WTI Oi
27Mar2015 Market Update: Markets Start Afternoon Session In The Green, U.S. Dollar Off Highs, WTI Oi
27Mar2015 Pre-Market Commentary: Markets Expected To Open Lower, Oil Prices Falling, U.S. Dollar Res
from the New York Fed
The Federal Reserve Bank of New York today released results from its February 2015 SCE Credit Access Survey, which provides information on consumers" experiences and expectations regarding credit demand and credit access. The release shows little change in application rates for credit over the last twelve months, but a decline in rejection rates, particularly for credit card limit increases. The expectations component of the survey shows an increase in the average likelihood of applying for credit over the next 12 months for all five credit products; the increase is most pronounced for mortgage refinance requests.