Written by Gary
US markets closed down, but significantly off morning lows ending a choppy and struggling market. WTI crude sold off dramatically this afternoon as warnings of serious oversupply and tumbling stock markets around the world spooked investors. U.S. stocks reached into the solid green late in the session, but investors remained cautious and pushed the averages into the red.
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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3D movies and TV are is increasing in popularity, but is any of it truly 3D? How true is the 3D in movie theaters? How do glassess-less 3D TVs work? Try catching a ball with one eye closed. If you find it easy, try having the ball thrown a couple of feet in front of you, or from further away. It becomes increasingly difficult when the throw is off.
Infographic Of The Day: The Volkswagen Emissions Scandal
In September 2015 the Volkswagen Group was found to have been cheating emissions tests by making it seem that certain cars produced far fewer emissions than was actually the case. The story broke when the US Environmental Agency discovered that many of Volkswagen's diesel cars emitted up to 40 times more fumes than the permitted limit. They achieved this through the installation of software (known as the 'defeat device'), which could sense it was running under test conditions and alter its performance accordingly.
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09Feb2016 Market Update: US Averages Recover Some Morning Losses, DOW Down 80 Points, WTI Crude Continues To Melt Down, More Afternoon Losses Possible
Written by Joe Bongiovanni, Director, The Kettle Pond Institute for Debt-Free Money
Perhaps there were unintended consequences to Lord Adair Turner's post-crisis discovery of the deeply heterodox taboo of what today we call 'public money'. He continues to find something diabolical in the midst of public money, and I can't figure out why. He has given no reason.
Written by Gary
US averages are trading sideways after recovering from the morning opening lows. Currently, the averages are trading in a choppy environment swapping fractional losses and gains as financial and energy sectors offset gains in material and tech stocks. Crude prices continue to slip into the high 26's and the US dollar is in the high 95's.
09Feb2016 Pre-Market Commentary: SPY Down 1.7%, Markets Headed For Another Ugly Session As Major Tes
08Feb2016 Market Close: Major Averages End Session Over One Percentage Point Down, Crude Steady, Gol
Written by Steven Hansen
The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings marginally improved from last month. The growth rate trends marginally improved in the 3 month averages, but the 2015 year-to-date averages continue to decline.