21Aug2017 Pre-Market Commentary: First Full Solar Eclipse Since 1918, SP 500 Futures Flat, US Dollar Index Remains Weak, WTI Crude Slipping Off The Mid 48 Handle


Written by Gary

US stock market index futures are flat this morning (SPY +0.03%), as investors watch the Trump's next administration moves and that crazy man in NOKO.

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What We Read Today 20 August 2017

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.

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

CBO's Budget And Economic Outlook: 2017 To 2027

from the Congressional Budget Office

In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation's economic output. The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, the deficit would decline in 2018 and then resume its upward trajectory - the result of strong growth in spending for retirement and health care programs targeted to older people and rising interest payments on the government's debt, accompanied by only modest growth in revenue collections.

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Infographic Of The Day: How Copper Riches Helped Shape Chile's Economic Story

Although Chile has always been noted for its abundant mineral wealth, the country was actually not a notable copper producer even at the beginning of the 20th century.

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Video of the Day:

Follow world-renowned scientist Cary Fowler into the heart of the arctic, where the Svalbard Global Seed Vault lies nestled in the frozen Norwegian landscape. Among the most important buildings in the world, the Seed Vault holds the key to human survival: more than 880,000 seed samples, the largest collection in the world. These seeds are critical because, unless safeguarded, agriculture biodiversity is at risk of decline in the face of changing environmental and population pressures.

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Current Weather Outlook

Written by

Yesterday we published a partial analysis of seasonal outlooks - namely the Update issued by NOAA on August 17, 2017. We could not compare it with the JAMSTEC forecast because JAMSTEC was slow in posting this month. What we published is complete with respect to NOAA but is missing the comparison with the forecast from another highly respected Meteorological Agency. Such comparisons can be very enlightening. This evening, JAMSTEC posted all of their forecast except for the short discussion that they usually post a few days later. It is clear that the difference between their view of the future and NOAA has not changed very much in that NOAA is forecasting ENSO Neutral with a cool bias bordering on a La Nina and JAMSTEC is still forecasting ENSO Neutral with a warm bias but less so than last month. 

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The Endgame?

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From Charlottesville To Nazi Germany, Sometimes Monuments Have To Fall

from The Conversation

-- this post authored by Jose Antonio Gonzalez Zarandona, Deakin University and Cesar Albarran Torres, Swinburne University of Technology

The recent turmoil over the removal of Confederate statues in the United States invites us to think about the importance of monuments and historical memory worldwide. It also invites us to ask, should statues that represent dark episodes in a country's history be removed? Or should they be kept as reminders of trauma?

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

July 2017 CFNAI Super Index Moving Average Declines

Written by Steven Hansen

The economy's rate of growth marginally declined based on the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average - and economic growth is now insignificantly below the historical trend rate of growth.

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