Written by Gary
US stock future indexes are down (SPY -0.2%), crude prices up fractionally WTI +0.2%, DOW down -0.4%, and the SP 500 down -0.4%. Corporate EPS are mixed this morning, but generally on the good side. Indicators are again neutral, with tilt to the bearish side.
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 San Francisco Fed
-- this post authored by John Fernald
Estimates suggest the new normal for U.S. GDP growth has dropped to between 1-1/2 and 1-3/4%, noticeably slower than the typical postwar pace. The slowdown stems mainly from demographics and educational attainment. As baby boomers retire, employment growth shrinks. And educational attainment of the workforce has plateaued, reducing its contribution to productivity growth through labor quality. The GDP growth forecast assumes that, apart from these effects, the modest productivity growth is relatively 'normal' - in line with its pace for most of the period since 1973.
Infographic Of The Day: Mega Machines
Powerful, huge, mighty machines are a feat of engineering and design. The ingenuity with which they have been brought from concept to reality in order to provide a solution for some of the biggest jobs on the planet is quite simple, awe inspiring.
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Written by Sig Silber
Of course "Normal" should always be interpreted as "The Current Normal". This is one of my favorite articles. The message was that the envelope of variability is changing. We have received a new Seasonal Outlook update from JAMSTEC and are showing their December 2016 - February 2017 maps with a link to their further-out forecasts. We will receive NOAA's updated 15-Month Outlook later this week. You will find the JAMSTEC forecast very interesting.
by Ellen Brown, Web of Debt
School districts are notoriously short of funding - so short that some California districts have succumbed to Capital Appreciation Bonds that will cost taxpayers as much is 10 to 15 times principal by the time they are paid off. By comparison, California's Prop. 51, the school bond proposal currently on the ballot, looks like a good deal.
by Russ Allen, Online Trading Academy Instructor
Online Trading Academy Article of the Week
We received a notice passed along by a trader that had come from his broker. The trader had a short call position and was concerned about early exercise.
20Oct2016 Market Update: Wall Street Exhibits Signs Of Investor Strain And Worry, Gold Falls And Sta
Week 41 of 2016 shows same week total rail traffic (from same week one year ago) contracted according to the Association of American Railroads (AAR) traffic data. The weekly data at first glance was better than last week.