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Many Europeans Avoid Holiday Trips Abroad

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from Felix Richter, Statista.com
by Niall McCarthy

This summer, many Europeans will avoid holidays abroad and spend time in their own countries.

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 more WWRT

What We Read Today 04 August 2015

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

Pushing on a String: An Origin Story

by Timothy Taylor, Conversable Economist

There's a long-standing metaphor in monetary policy that the central bank 'can't push on a string.' It means that while a central bank can certainly slow down an economy or even drive an economy into recession with an ill-timed or too-large increase interest rates, the power of monetary policy is not symmetric.

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Infographic Of The Day: Spike Aerospace's Supersonic Passenger Jet

The Spike Aerospace S-512 is designed to fly from London to New York in 3 hours. The S-512, developed in 2013, has been recently upgraded with a modified delta wing to increase fuel efficiency and reduce sonic boom.

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Video of the Day:

A great video of the worlds smallest military UAV aircraft. The British Army Black Hornet Nano UAV Aircraft will make a difference on the modern battlefield. The Black Hornet Nano is a military micro unmanned aerial vehicle (UAV) developed by Prox Dynamics AS of Norway, and in use by the Norwegian and British Army.


video of day picture





FOREX NEWS by DailyForex

Is Australia’s Property Boom Coming to an End?

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.

Forex Week in Review

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.

Dollar Regaining Ground

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.

Bank Shares to Be Hit Hardest as Greek Exchange Reopens

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.

Weekly Economic & Political Timeline

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.
 more investing, markets, precious metals & forex

04Aug2015 Market Close: Markets Close Fractionally Lower, Gold Closes Above 1090, Oil Stabilizes Just Above Five Year Low And Investors Mixed On Market Outcome



 more opinion

Why Greece's Third Bailout Package is Bound to Fail

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.

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Written by Gary

Averages have sea-sawed downward on moderate volume as investors are mixed regarding Chinese, EU and U.S. markets continued viability to move upward. Oil remained steady just above its five year low and the U.S. dollar stopped short of a major resistance after climbing rapidly at 1 pm.

Some analysts claim that comments from Fed's Dennis Lockhart said the 'economy is ripe for a rise in short-term interest rates' weakened the markets, but more likely from a real fear of a possible meltdown of the Chinese stock market.

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

June 2015 Manufacturing Improves But Still Far from Good

Written by Steven Hansen

US Census says manufacturing new orders improved. Our analysis agrees. Unadjusted unfilled orders' growth continues shrinking year-over-year. No matter how you cut the data, it is soft.

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