IMF Confesses To Being 'Hitman'


by Yanis Varoufakis

IMF confesses it immolated Greece on behalf of the Eurogroup

This week began with a debate in Greek Parliament called by the Official Opposition (the troika's main, but not only, domestic cheerleaders) for the purposes of, eventually, indicting me for daring to counter the troika while minister of finance in the first six months of 2015.

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 more WWRT

What We Read Today 29 July 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.

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

Consumers Overcome Contracting Investment and Inventory for 1.2% GDP Growth in Q2 2016

by Rick Davis, Consumer Metrics Institute

July 29, 2016 - BEA Estimates 2nd Quarter 2016 GDP Growth At 1.21%:

In their first preliminary estimate of the US GDP for the second quarter of 2016, theBureau of Economic Analysis(BEA) reported that the growth rate was +1.21%, up 0.38% from a downwardly revised prior quarter.



Infographic Of The Day: Traveling Abroad Is Cheaper Than Staying Home

Did you know that visiting a foreign country can actually be less expensive than living at home.

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Video of the Day:

Animals inhabit pretty much any house. It’s a fact. If the owners of the house don’t see them, it just normally means that these “roommates” are very sneaky and good at playing hide-and-seek. Well, hide primarily. Most house insects are completely harmless, but certain species can pose a serious threat not just for your food and belongings, but for you as well. Today we’re going to tell you about the most common disgusting neighbors we often unknowingly share our living space with.

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 more investing, markets, precious metals & forex Weekly Wrap-Up 29 July 2016

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The 50 Altered States Of American Housing

by Danielle DiMartino Booth, Money Strong

Money Strong Article of the Week

Oh the horror! Movies that is. Its summertime and once again they're out there, all those shriek-worthy trailers just waiting to pounce. They'll grab you by the psyche and parade just for you and your mind's viewing pleasure an all-inclusive review of your horror genre past. And if you happen to have been born squeamish and came of age in the '80s, you know it only took sitting through a handful of scream inducers before you gave up the fight and relinquished the field. A little Halloween here, a dash of Friday the 13th there with some Freddy K thrown in for good measure and yours truly duly checked out for life.

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Written by Staff,

U.S. stocks remain flat, ending July in near-record territory

U.S. stocks remained stuck in a tight, range-bound trade on Friday, continuing a trend of sideways trading that has persisted over the last two weeks, as the major indices ended July in near record-territory.

The Dow Jones Industrial average fell 24.11 or 0.13% to 18,432.24, suffering its fifth consecutive losing session. The Dow was dragged down by Exxon Mobil Corporation (NYSE:XOM), which fell more than 1% on the day after reporting its worst quarterly profits in 17 years.

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

August 2016 Economic Forecast: Outlook Improves But Remains Very Soft

Written by Steven Hansen

Econintersect's Economic Index is no longer in contraction but its level is correlating to a snail's pace economic growth. The index remains near the lowest value since the end of the Great Recession. This month a graphic has been added to highlight the differences with GDP.

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