Written by Econintersect
Early Bird Headlines 02 July 2016
Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.
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".).
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Written by Steven Hansen
I seem to be writing only negative commentary on the USA economy. This past week we published our July economic outlook which remains around the zero growth mark largely thanks to slowing government spending year-over-year.
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Infographic Of The Day: Billion Dollar Companies That Started In A Garage
They say that we should begin with something - at least some place to live, some cash to contribute, some encouragement from our relatives, friends.
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by Ellen Brown, Web of Debt
Brexit could trigger a $500 trillion derivatives meltdown, by forcing the EU to allow insolvent member governments and banks to write down debt. Italy is in financial crisis and is already petitioning for that concession. How to avoid collapse of the massive derivatives house of cards? Alternatives are considered.
by Michael Haltman
The price action comparison between the stock market and the 10-year U.S. treasury yield since the Friday following the Brexit victory offers an interesting contrast and potential warning sign for investors!
01Jul2016 Market Close: Wall Street Closed Higher, But Was Trending Down, Crude Inched Up After Addi
01Jul2016 Market Update: US Main Indexes Have Slipped Off Session Highs, But Some Investors Hoping M
01Jul2016 Pre-Market Commentary: US Futures Flat And Unchanged, US Dollar Slipping, Investors Taking
July 2016 Economic Forecast: Outlook Continues Slightly Recessionary. Too Early To Factor In Brexit Impact.
Written by Steven Hansen
Econintersect's Economic Index continues marginally in contraction but insignificantly improved. The index is slightly above the lowest value since the end of the Great Recession. Although Econintersect does not buy into proposition that Brexit is bad for the global economy, the financial markets do - and their reaction may cause a recessionary dynamic. For those alive in 1973 will remember that the oil embargo triggered a recession. Global events can contract the USA economy.