August 2015 Texas Manufacturing Survey Manufacturing Activity Continues to Contract for Sixth Month


Of the five Federal Reserve districts which have released their August manufacturing surveys - one forecasts weak growth and four are in marginal contraction. A complete summary follows.

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What We Read Today 30 August 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

Discounting The Long Run

from the Liberty Street Economics

-- this post authored by Tobias Adrian, Richard Crump, Peter Diamond, and Rui Yu

Expectations about the path of interest rates matter for many economic decisions. Three sources for obtaining information about such expectations are available. The first is extrapolation from historical data. The second consists of surveys of expectations. The third are expectations drawn from financial market prices, often referred to as market expectations. The last are usually considered to be model-based expectations, because, generally, a model is needed to reliably extract expectations from current prices. In this post, we explain the need for and usage of term structure models for extracting far in the future interest rate expectations from market rates, which can be used to discount the long run. We will illustrate our arguments by discussing the measurement of long-run discount rates for Social Security.

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Infographic Of The Day: Surviving The E-Learning Apocalypse

You are working with a client or perhaps an internal e-Learning project and everything is a smooth process until you hit revisions.

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Video of the Day:

A group of hackers who targeted cheating site Ashley Madison published over 10 gigabytes of stolen data, exposing millions of users and putting the company at risk. Laurie Segall explains who's behind the attack and what's next for Ashley Madison.

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 more investing, markets, precious metals & forex

31Aug2015 Pre-Market Commentary: U.S. Futures Down Sharply, Oil Up But Trending Down, September Rate Increase Once Again A Possibility

 more opinion

The Global Austerity Disease

China's Stock Market Tumble and the Outlook for the Global Economy

by L. Randall Wray, New Economic Perspectives

Interview of L. Randall Wray by Dasha Chernyshova, Moscow reporter for the Sputnik News Agency


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

August 2015 Chicago Purchasing Managers Barometer Steady As She Goes.

The Chicago Business Barometer insignificantly declined but remains in expansion.

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