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Early Headlines: Asia Stocks Mixed, Dollar Flat, Oil And Gold Up, Global Growth Looks Up, Trump Travails Continue, Bannon Calls Alt-Right 'Losers', Europe Hates Tourists, Oz Spews Mercury, And More

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Written by Econintersect

Early Bird Headlines 17 August 2017

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

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What We Read Today 16 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".).

BECOME A GEI MEMBER - IT's FREE!

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

Documentary Of The Week: Why The West Rules - For Now

Written by John Lounsbury

Econintersect: For 90% of human history the West has been more advanced than the East. Ian Morris, Professor of History at Stanford University, presents this 2013 lecture at the Oriental Institute, University of Chicago. The title is 'Why the West Rules -- For Now: The Patterns of History, and What They Reveal About the Future.'

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Infographic Of The Day: Helium - A Valuable Gas Not To Be Taken Lightly

Helium makes up 25% of the atoms in the known universe, so one would guess that the inert gas would be quite plentiful on Earth

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Video of the Day:

Blue Origin, the space company run by Jeff Bezos, recently revealed its massive new rocket factory in Florida. The producers for USLaunchReport, shot some of the first footage we've seen of the factory's progress, as well as Jeff Bezos' excitement for the company's first upcoming launches. Blue Origin has ambitious plans to launch its first space rocket in late 2019.


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Current Weather Outlook

Written by

Re the Monsoon:  Break - Surge - Break: Re 6 to 14 Day Outlook: Don't Count on it.

NOAA is assigning a low probability to the 6 - 14 Day Forecast due to "FORECAST CONFIDENCE FOR THE 6-10 DAY PERIOD: BELOW AVERAGE, 2 OUT OF 5, DUE TO A PREDICTED LOW AMPLITUDE PATTERN AND CONFLICTING / WEAK SIGNALS AMONG THE SURFACE TOOLS." Another way of putting that is that it is hard to predict weather when there is none. But we believe the real problem is the inability of the models to deal with a confusing situation most likely related to the time of year and the rapid change in conditions along the Equator. The Southwest Monsoon has been going through rapid changes. Earlier this past week, we had a Break (reduction in activity) and we may now be in the final days of a Surge and the forecast is for another probably short Break. it is a bit unusual to have these rapid swings. It may be that the Monsoon this summer requires favorable conditions to overcome certain negative factors.


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What If Everyone Is Wrong About Japan?



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Phantom Of The Financial Opera

Written by Carmine Gorga, The Somist Institute

There are warnings in the airwaves about a collapse of the Stock Market in 2017 - or any time in the future.

What to do then?

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

26 July 2017 FOMC Meeting Minutes: The Main Topic Continues To Be Inflation

Fed-sealSMALL-- this post authored by Steven Hansen

The 26 July 2017 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members (minutes were released today). There was considerable discussion on inflation, and an interesting quote:

... Participants discussed possible reasons for the coexistence of low inflation and low unemployment. These included a diminished responsiveness of prices to resource pressures, a lower natural rate of unemployment, the possibility that slack may be better measured by labor market indicators other than unemployment, lags in the reaction of nominal wage growth and inflation to labor market tightening, and restraints on pricing power from global developments and from innovations to business models spurred by advances in technology. .....

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