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Documentary Of The Week: Alan Greenspan On Brexit, The U.S. And The Rest Of The World

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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.

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 more WWRT

What We Read Today 01 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".).

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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

Paul Krugman Misses Key Component of His Own Model

by Philip Pilkington

Article of the Week from Fixing the Economists

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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Video of the Day:

Laser hair removal is the process of removing unwanted hair by means of exposure to pulses of laser light that destroy the hair follicle. It had been performed experimentally for about twenty years before becoming commercially available in the mid-1990s. The efficacy of laser hair removal is now generally accepted in the dermatology community and laser hair removal is widely practiced in clinics, and even in homes using devices designed and priced for consumer self-treatment.


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 more investing, markets, precious metals & forex

Interesting Divergence Post-Brexit Between Stock And Treasury Bond Price Action!



 more opinion

The 39 Trillion Dollar Vig

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.

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

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.

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