from Felix Richter, Statista.com
by Niall McCarthy
This summer, many Europeans will avoid holidays abroad and spend time in their own countries.
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.
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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.
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.
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.
04Aug2015 Market Close: Markets Close Fractionally Lower, Gold Closes Above 1090, Oil Stabilizes Just Above Five Year Low And Investors Mixed On Market Outcome
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.
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.
04Aug2015 Market Update: Averages Move From Mixed To Fractionally Down On Low Volume, Major Stocks O
04Aug2015 Pre-Market Commentary: Chinese Markets Close In The Green, Greek Banking Stocks Plunge, Oi
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.