An interesting look at some historical photos that have been colorized from the original black and white photo. The series of photos begins in the 1850's and proceeds through the Civil War and late 1800's into the 20th Century. Adding color to these old photos really brings them to life and gives the viewer a different perspective than the black and white photo.
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 Liberty Street Economics
-- this post authored by Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw
The latest Quarterly Report on Household Debt and Credit from the New York Fed's Center for Microeconomic Data showed a substantial increase in aggregate household debt balances in the fourth quarter of 2016 and for the year as a whole. As of December 31, 2016, total household debt stood at $12.58 trillion, an increase of $226 billion (or 1.8 percent) from the third quarter of 2016.
Infographic Of The Day: Hollywood Vs. Real Life: How Realistic Are Romantic Comedies
How realistic are romantic comedies? Do they leave us with impractical expectations?
This widget provided by DailyForex.com Forex News & Brokers;
Written by Sig Silber
... But Less than Previously
On February 16, 2017 NOAA released their Seasonal Outlook (which actually looks out fifteen months). JAMSTEC, which is a Japanese Research Institute, also has issued their Outlook based on their February 1 forecast for ENSO. We will review what have we learned - and address the question: Are either of these forecasts credible? Also of interest is the possibility of a new El Nino and a possible decadal or even a multi-decadal climate shift in the Pacific to PDO Positive.
by FEE, fee.org
-- this post authored by Daniel J. Mitchell
One of the unfortunate features of Washington is that people often wind up in places that bring out their worst behaviors.
by Jeff Miller, A Dash of Insight
We have another holiday-shortened week with little fresh data. While there are some Fed speakers on tap, it is not enough to feed the avaricious punditry. There are two competing themes: the spike in inflation and the continuing assessment of Trump Administration policies. Once again, I expect the two to be joined in most commentaries. Pundits will be asking:
Will Trump policies extend the business cycle?
17Feb2017 Market Close: US Markets Close In The Green Surprising The Bearish Analysts, Monday Market
17Feb2017 Market Update: US Stock Markets Trade Lower, Sideways On Lower Volume, WTI Crude Prices In
ECRI's WLI Growth Index which forecasts economic growth six months forward remains in positive territory for the 47th week - after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index. ECRI released their coincident and lagging indices this week and is discussed below.