The American Consumer is Doing Less to Support GDP Growth


by Rick Davis, Consumer Metrics Institute

April 28, 2016 - BEA Estimates 1st Quarter 2016 GDP Growth At +0.54%:

In their first 'preliminary' estimate of the US GDP for the first quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a +0.54% annualized rate, down -0.84% (well more than half) from the +1.38% rate recorded for the fourth quarter of 2015.


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What We Read Today 29 April 2016

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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What We Learned From Chernobyl About How Radiation Affects Our Bodies

from The Conversation

-- this post authored by Ausrele Kesminiene, International Agency for Research on Cancer (IARC)

The world has never seen a nuclear accident as severe as the one that unfolded when a reactor exploded in Chernobyl on April 26 1986, sending vast amounts of radiation into the skies around Ukraine, Belarus and Russia.

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Infographic Of The Day: How To Live In Your Van

Sleeping is perhaps the most important aspect of van living, and without a comfy bed your adventure could be marred by insomnia and a bad back.

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Video of the Day:

In New York, a bill was just introduced that involves a new technology to help determine whether or not people involved in car crashes were on their phones at the time of the crash. The 'Textalyzer'. Like a breathalyzer, except instead of testing your breath for alcohol, it scans your phone to see if you were on it, at about the time of your crash. Knowing that the cops can tell whether or not you were on the phone, you will be less likely to BE on your phone while driving.

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 more investing, markets, precious metals & forex Weekly Wrap-Up 29 April 2016

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Why Real Reform Is Now Impossible

by Charles Hugh Smith, Of Two Minds

The endless bleating of well-paid pundits in the corporate media about 'reform' is just more circus.

It's difficult for well-meaning pundits to abandon the fantasy that meaningful reform is possible. Indeed, a critical function of the punditry and corporate media is to foster the fantasy that the status quo could be reformed if only we all got together and blah blah blah.

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Written by Staff,

U.S. stocks post slight losses as Dow, S&P end April flat for the month

U.S. stocks fell slightly on Friday, ending April with one of their worst weeks since early-February as a sell-off in the technology and health care sectors, as well as a wave of soft economic data weighed on the major indices.

The Dow Jones Industrial Average lost 57.12 or 0.32% to 17,773.64, while the S&P 500 Composite index fell 10.51 or 0.51% to 2,065.30, each closing lower despite a late rally in the final hour of the session. At session-lows, both indices moved into negative territory for the month before recovering to close the month fractionally higher. On the S&P 500, six of 10 sectors closed in the red.

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

22 April 2016: ECRI's WLI Growth Index Continues Its Relatively Rapid Advance In Positive Territory

ECRI's WLI Growth Index which forecasts economic growth six months forward advanced higher in positive territory for the fifth week - after spending the previous 34 consecutive weeks in negative territory.

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