31Aug2016 Pre-Market Commentary: US Futures Flat, Pointing To A Lower Opening, Crude Prices Slipping Further On US Dollar Strengthening, Fed Remarks Becoming Hawkish, Indicators Bearish


Written by Gary

US stock future indexes are flat (SPY -0.1%), ADP says 177 K people were added to private sector payrolls in August, 175 K was expected. The gold price continues making lower lows and lower highs, crude prices have fallen sharply, the US dollar has risen to a 3 week high as investors looked ahead to upcoming U.S. data.

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What We Read Today 30 August 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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 more features, analysis, studies, and news published in the last week

Metabolizing Japan, The World's Oldest Nation


-- this post authored by Reva Goujon

Getting old can be a drag, for both people and nations. As people age, they tend to become less physically active. This leads to loss of muscle mass and the gain of fat, which causes the body's metabolism - the process of converting nutrients into energy - to decrease. When the population of a nation ages, a similar effect plays out. The labor pool dwindles, fatty debts build up, and the nation's economic muscle, or labor productivity, atrophies, leading to a decrease in the nation's metabolic rate and slower growth overall.

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Infographic Of The Day: 8 Health Benefits Of Kissing

When it comes to kissing, we all have different reasons.

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Video of the Day:

What does 1 dollar get you in other countries? John and Hannah tell you what you can buy around the world with just 1 dollar. If you have traveled abroad, let us know what you've been able to get for 1 dollar.

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The Fed Seeks Credibility As Markets Wait

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Rickards: Brexit Is NOT The End Of The EU

by James Rickards

Special Report from The Daily Reckoning

I do not believe that Brexit means that the European Union is going to break up. Or that it spells the end of the euro as a currency. I've been very bullish on Europe and the Euro in the past. Even if the currency fluctuates, all these currencies are fluctuating, and the Euro did trade down from around the 140 level in late 2013, all the way down to 105 in January 2015, and people said, 'Oh, it's going to parity.' I said, 'No, it's not going to parity,' and it didn't. It bounced back to 105 a couple times, back up around 110 today, $1.10.

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

August 2016 ADP Job Growth Is 177,000 - At Expectations

Written by Steven Hansen

ADP reported non-farm private jobs growth at 177,000. The rate of growth continues in a downtrend.

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