Written by Gary
Markets opened flat, sea-sawed down fractionally and are in the process of climbing back up to flat status by the noon hour. The price of oil continues to fall, weighing on stocks, and as investors scoured economic reports for clues on the pace of growth.
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.
Every year, local communities on either side of the Apurimac River Canyon use traditional Inka engineering techniques to rebuild the Q'eswachaka Bridge. The entire bridge is built in only three days. The bridge has been rebuilt in this same location continually since the time of the Inka.
Infographic Of The Day: Batteries
A dry cell battery releases electricity though a chemical reaction that takes place between the zinc alloy outer can (the anode) and an electrolyte paste inside the battery (the cathode.)
FOREX NEWS by DailyForex
Greece seems to be walking on egg shells on its way to recovery. After months of heady negotiations that saw the country on the verge of bankruptcy and a near “Grexit,” Athens is making its moves cautiously.
This can be expected to be a busier week than recent weeks, with a lot more going on and more volatility. It will be an especially important week for the USD, the AUD, and the GBP, with key central bank input also due regarding the JPY.
With the headlines focused on the financial events taking place in Greece and China, not much attention has been given to the situation in Venezuela.
The next major financial event seems to be taking place in the United Kingdom where talk of a “Brexit” has hit front page news.
The U.S. Dollar continued to gain positive momentum in the wake of the Federal Reserve’s latest policy decision.
03Aug2015 Pre-Market Commentary: U.S. Futures Flat Chinese Slide Again, WTI Oil Weak And Greek Markets Off 23%
by Dirk Ehnts, Econoblog101
I am preparing a course in Origins of Political Economy and look for writings on money and credit. One of the first texts I encountered has been von Mises with his 'The Theory of Money and Credit'.
Written by Gary
U.S. stock futures were flat before and after the morning somewhat positive financials while ignoring Greece's main stock index loosing close to a fifth of its value as it reopened for the first time in more than five weeks. The Shanghai Composite closed down -1.11% and Dr. Copper Tumbles To 6 Year Low.
Markets are expected to open flat to fractionally higher, but ease into the negative arena by 11:30 am.
31Jul2015 Market Update: Markets Recover From Morning Doldrums, WTI Oil Falls Into Major Support, In
Written by Steven Hansen
The headlines say construction spending grew below expectations. The backward revisions make this series very wacky. Our view is that if the data is correct - this was a strong growth month.