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03Aug2015 Market Update: Averages Mixed, Oil Falling, U.S. Consumer Spending Slowing Pace, Economy Losing Momentum

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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.

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 more WWRT

What We Read Today 02 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".).

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.

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

The Bridge At Q'eswachaka

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.)

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Video of the Day:

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.


video of day picture





FOREX NEWS by DailyForex

Bank Shares to Be Hit Hardest as Greek Exchange Reopens

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.

Weekly Economic & Political Timeline

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.

Will Venezuela be the Next Financial Crisis?

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.

Is Scottish Independence Still Possible

The next major financial event seems to be taking place in the United Kingdom where talk of a “Brexit” has hit front page news.

Dollar’s Momentum in Overdrive

The U.S. Dollar continued to gain positive momentum in the wake of the Federal Reserve’s latest policy decision.
 more investing, markets, precious metals & forex

03Aug2015 Pre-Market Commentary: U.S. Futures Flat Chinese Slide Again, WTI Oil Weak And Greek Markets Off 23%



 more opinion

Von Mises and the Position of the State in the Market

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'.

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

Construction Spending Growth Is Weak or Strong - You Choose.

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.

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