Written by John Lounsbury
Former Fed Chairman Alan Greenspan, talked about Brexit, the U.S. economy and inflation Monday (27 June) on Bloomberg TV. Mike McKee and Tom Keane participate in the discussion, moslty with questions.
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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by Philip Pilkington
John McHale over at Irish Economy has written a post on the possibility of a default by a sovereign currency issuer. In the post he discusses Paul Krugman's stripped-down Mundell-Fleming model in which Krugman shows that a country issuing a sovereign currency not only cannot default but if there is a run on the government bonds of this country the result will be devaluation which will then lead to an expansion of output as exports increase.
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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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Written by Joe Bongiovanni, Director, The Kettle Pond Institute for Debt-Free Money
Yes, that's $TRILLION and recognize it might be double that amount.
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.