21Oct2016 Pre-Market Commentary: Wall Street Pointing To A Lower Opening Despite So So Corporate Earnings, Markets May Recover Be Late Afternoon


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.

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What We Read Today 18 October 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".).


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

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

What Is The New Normal For U.S. Growth?

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.

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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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Video of the Day:

Visualisation of the ExoMars Schiaparelli module entering and descending through the atmosphere to land on Mars. The animation follows a simulated timeline of the module, starting when it enters the atmosphere at an altitude of 121 km at 14:42 GMT. In six minutes it will use a heatshield, parachute and thrusters to brake from 21 000 km/h to a near standstill 2 m above the surface, where a crushable structure on its underside will absorb the final shock.

video of day picture


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Current Weather Outlook

Written by

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.


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Options Early Assignment - Should You Worry?

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Prop. 51 Versus A State-Owned Bank: How California Can Save $10 Billion On A $9 Billion Loan

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.

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

Rail Week Ending 15 October 2016 Paints A Negative Economic View

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.

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