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.
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 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.
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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Written by Sig Silber
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.
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?
Written by Rick Ackerman, Rick's Picks
There's no denying these are quite interesting times, in a Chinese curse sort of way. Only an asteroid on a collision course with Earth, or an ISIS nuclear detonation, could make the world seem any more interesting than it already is. Under the circumstances, it's tempting to predict that, any day now, the stock market will recalibrate itself to the grim realities of a civilization in eclipse, and, more urgently, to a Trump presidency dangerously adrift.
18Aug2017 Market Close: Wall Street's Trump-fed Rally Is Showing Signs Of Faltering Could Herald A S
18Aug2017 Market Update: Wall Street Trading In Narrow Band, DOW Down 5 Points, WTI Crude Shoots Hig
18Aug2017 Pre-Market Commentary: Wall Street Expected To Open Higher, Crude Prices Steady, US Dollar
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.