by John Mauldin, Thoughts from the Frontline
'The US has the most dysfunctional healthcare system in the world.'- Elizabeth Holmes
'Healthcare is the cornerstone of the socialist state.'- Monica Crowley
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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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from the San Francisco Fed
-- this post authored by Kevin J. Lansing and Agnieszka Markiewicz
The increase in U.S. income inequality since 1970 largely reflects gains made by households in the top 20% of the income distribution. Estimates suggest that households outside this group have suffered significant losses from foregone consumption, measured relative to a scenario that holds inequality constant. A substantial mitigating factor for the losses has been the dramatic rise in government redistributive transfers, which have doubled as a share of U.S. output over the same period.
Infographic Of The Day: The Oil Market Is Bigger Than All Metal Markets Combined
Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth.
This widget provided by DailyForex.com Forex News & Brokers;
Written by Sig Silber
On October 20, NOAA released their Seasonal Outlook. Last week, JAMSTEC, which is a Japanese Research Institute, issued their Outlook based on their October 1 forecast for ENSO. We compare the JAMSTEC temperature and precipitation forecast maps which are for the World with the NOAA temperature and precipitation forecast maps that cover only CONUS and Alaska. We do this primarily for educational purposes. Remember: these are forecasts not guarantees. But the differences between the NOAA and JAMSTEC forecasts are significant and mostly related to the differing perspectives on the strength and duration of this Cool ENSO Event.
by Danielle DiMartino Booth, Money Strong
Money Strong Article of the Week
If you're ever headed down Topperwein Road in Live Oak, Texas with a need to unwind and bend an elbow, pull on in at the town's local watering hole, the Beer Goggles Bar, and order up a cold one. The bartenders are reported to always be on their 'A' game and the music next to none.
from Money Metals Exchange
-- this post authored by Stefan Gleason
The 2016 election year is bringing out the worst among some elements of society. From vandalism to physical assaults to large scale race riots to terrorist bombings and mall stabbings, social disorder has become a more prominent feature of life in a polarized America.
21Oct2016 Market Close: Major US Indexes Close Flat On Low Volume, Crude Prices Resume Climb, US Dol
21Oct2016 Pre-Market Commentary: Wall Street Pointing To A Lower Opening Despite So So Corporate Ear
ECRI's WLI Growth Index which forecasts economic growth six months forward remains in positive territory for the 30th week - after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index. Also ECRI released their lagging and coincident indices this past week.