May 2015 Economic Forecast: Slower Growth Continues With Confirming Evidence of Economic Weakness


Written by Steven Hansen

Econintersect"s Economic Index is indicating growth will continue to be soft in May. The tracked sectors of the economy are relatively soft with most expanding but some contracting. The effects of the recently solved West Coast Port slowdown (a labor dispute which had been going on for months) and weather related issues are no longer evident in the raw data. Therefore, the economic slowdown forecast last month is cyclic and not resulting from transient causes.

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What We Read Today 27 April 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.

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

Florida Sheriff's Heated Response To Reporter's Question About 'gunfight' Comment

Polk County Sheriff Grady Judd says he doesn"t care about "political correctness" when there"s a dangerous suspect on the loose. This is what Sheriff Grady Judd thinks about "political correctness" when dealing with a dangerous suspect on the run:

Infographic Of The Day: Grocery Loyalty

Driving loyalty in grocery is complex.

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Video of the Day:

Polk County Sheriff Grady Judd says he doesn't care about 'political correctness' when there's a dangerous suspect on the loose. This is what Sheriff Grady Judd thinks about 'political correctness' when dealing with a dangerous suspect on the run:

video of day picture

FOREX NEWS by DailyForex

Dollar Lacking Momentum ahead of Fed Decision

Last week’s disappointing economic data from the US forced the US Dollar lower where it has finally steadied. The Dollar has now been under pressure for nearly seven weeks as investors ponder the likelihood of a Fed interest rate move, which put an end to the greenback’s long-term buoyancy.

Greece, Euro Zone Still Far From Bailout Deal

Greece appeared no closer to a reforms-for-aid deal after the country's finance minister met with his euro zone counterparts on Friday.

Weekly Economic & Political Timeline

This week can be expected to be more active than last week, with the primary focus certain to fall upon the US Federal Reserve followed by the Bank of Japan and the Royal Bank of New Zealand the following day, as all will be releasing major policy statements and announcing interest rates.

What’s in Store for Greece

With focus on a May 6 interest repayment to the International Monetary Fund and the next Eurogroup meeting on May 11 in Brussels, Greece has a number of funding hurdles to clear before then and beyond.

UK Deficit Falls Faster Than Forecast

Figures just released show that the government’s borrowing (to meet the deficit between the nation’s receipts and its expenditure) in March fell to £7.4 billion.
 more investing, markets, precious metals & forex

27Apr2015 Market Close: Markets Closed Down More Down Sessions Expected

 more opinion

A Detailed Proposal for a Complementary Currency for Greece

by Alan Harvey, Institute for Dynamic Economic Analysis

Appeared originally at Inside, vol. 2, no. 8, 23 April 2015

Austerity has delivered obvious suffering to the Greek people and serious burdens to the Greek state, trials that do not need to be enumerated here. The mechanics of austerity drain money and the goods and services it will buy from the economy. Austerity follows from the rule of the primacy of debt, enforced by misguided, coercive and often bizarre policy programs.


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

April 2015 Texas Manufacturing Survey Manufacturing Activity Weakens Again

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

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