Early Bird Headlines 04 August 2015
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".).
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.
by Felix Richter, Statista.com
Facebook's strong mobile advertising business helped the social network to report positive second quarter results.
Infographic Of The Day: Top Movies
Would you like to see a movie?
FOREX NEWS by DailyForex
Looks like there’s trouble in paradise. If economists have it right, Australia’s current property boom which has zoomed 11% so far this year, could be coming to an end.
Last week saw the final trading session for July; a month when Greece went to the very edge of leaving the Euro before turning back.
The U.S. Dollar is just beginning to gain some positive momentum in the trading week. Earlier, it had been broadly after Friday’s U.S. employment costs report seems to have clouded the outlook for the Federal Reserve Bank.
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.
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.
by Dimitris Sotiropoulos, The Conversation
The Greek government was forced into accepting a third bailout under very difficult circumstances on July 13. The dramatic euro summit of July 12 lasted 17 hours before a new bailout package of euro 86 billion was agreed by eurozone prime ministers. Conditional on a new recessionary policy mix, negotiations are now underway to determine the specifics.
Also Reviewing 2011 Predictions
by Michael Pettis, China Financial Markets
By the time I published my latest (July 17) blog entry Beijing had managed to stop the panic with the use of what I called 'brute force', by which I meant that there was never likely to be much impact from interest rate moves, regulatory changes, margin relaxation, and so on. This is because there had been such a remarkable convergence among investors, almost all of who were purely speculative, on how to interpret information, and because any interpretation was likely to be self-consciously skeptical, that any regulatory response had to be completely unambiguous.
03Aug2015 Market Close: Brent Slides To Lowest Point Since January, 2015, U.S. Dollar Rests At Resis
03Aug2015 Market Update: Averages Mixed, Oil Falling, U.S. Consumer Spending Slowing Pace, Economy L
03Aug2015 Pre-Market Commentary: U.S. Futures Flat Chinese Slide Again, WTI Oil Weak And Greek Marke
Econintersect: Average gasoline prices fell 5.4 cents per gallon nationwide this past week following the previous week's 5.5 cent decline.