Income Improving Nicely - Expenditures Not. Maybe Personal Debt Is Becoming Too Large.


Written by Steven Hansen

This past week, data from the BEA showed personal income was improving nicely whilst consumer spending was muddling along.


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What We Read Today 27 November 2015

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.

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 more features, analysis, studies, and news published in the last week

How Yuan Devaluations Could Hurt China's Reserve Currency Aspirations

Written by Bradley Adams, GEI Associate

It is no secret that China has recently suffered a heavy economic downturn in recent weeks. Their stock market has gone from 5166 on 6/6/15 to 3436 on 11/27/15. While the Shanghai Composite has increased YTD, and is up from 2682 since this time last year, the past 4 months have seen massive decreases in stock prices. This has led the government to take on policies to attempt to prop up the Yuan against other currencies following 2 recent devaluations, one on August 11th and another on August 25th.

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Infographic Of The Day: The History Of The Use Of The Power Of The Sun

The sun offers an amazing source of power.

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Video of the Day:

Are you folks interested in seeing how we will travel tomorrow? Well, science is getting there. Whether you or I will see this body of accomplishment in our day, remains to be seen. It’s not that far away. It’s pretty nifty. Enjoy.

video of day picture

This widget provided by Forex News & Brokers

 more investing, markets, precious metals & forex Weekly Wrap-up 27 November 2015

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Draghi Throws The Euro Under A Bus Again!

by Daily Reckoning, Daily Reckoning

-- this post written by Chuck Butler

And now... today's Pfennig for your thoughts...

Good day, and a happy Friday to one and all!

What a strange feeling it must have been for the currencies yesterday, who from the looks of my screen late in the day, were all booking gains vs. the dollar. Yes, I had told you that was the way it was in the early morning, but not often in recent times have we seen the currencies hold their gains, and most cases add to them as the day went along. And the currency that had the most life to it was the euro.

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Written by Staff,

U.S. stocks mixed in light session, amid thin shopping on Black Friday

U.S. stocks were mixed in a lightly traded post-Thanksgiving session, as retail stocks remained flat during the official beginning of the Holiday shopping season.

Dragged down by sharp losses from Walt Disney Company (N:DIS), the Dow Jones Industrial Average lost 14.90 or 0.08% to 17,798.49. The S&P 500 Composite Index, meanwhile, gained 1.24 or 0.06% to 2,090.11, as seven of 10 sectors closed in the green. Stocks in the Telecommunications, Financials and Health Care sectors led, while stocks in the Energy, Consumer Services and Basic Materials industries lagged. The major indices remained near their highest closing level in three weeks.

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

November 2015 Chemical Activity Barometer Stabilizes

from the American Chemistry Council

The Chemical Activity Barometer (CAB) stabilized in November, rising 0.1 percent following three consecutive months of decline. October data was revised up 0.3 percent and September by 0.2 percent.

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