August 2016 Conference Board Consumer Confidence at 11-Month High


Written by Doug Short and Steven Hansen

The Conference Board Consumer Confidence Index increased to 101.1, compared to 96.7 in July. The market expected (from Bloomberg) this index to come in between 94.5 to 98.3 (consensus 97.3).

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What We Read Today 29 August 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".).


Every day most of this column ("What We Read Today") is available only to GEI members.

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Did It Matter What Types Of Assets The Fed Purchased?

from the St Louis Fed

One of the major intents of the Fed's large-scale asset purchase programs was to drive longer-term interest rates down, thus encouraging people to spend more. But how did these large-scale asset purchases affect the economy as a whole, and did the composition of assets purchased matter?

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Infographic Of The Day: 8 DIY Activated Charcoal Beauty Recipes

Activated charcoal has become one of the hottest trends in the DIY beauty industry and for good reason.

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30Aug2016 Pre-Market Commentary: US Futures Flat Ahead Of The Morning Opening, Crude Prices Rise Moderately Along With The US Dollar, Investors Remain Concerned With Timing Of Next Rate Hike

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Here's Why B Of A's Chart Of Fast Growing Low Wages Is BS

by Lee Adler, Wall Street Examiner

Good guy Sam Ro, now at Yahoo, tweeted out a chart by Bank of America Merrill Lynch (BAML) this morning showing that low wage job gains have outpaced gains in high wage jobs.I happen to keep charts on wage growth by industry, so I know a little about the subject. I had my usual calm and measured response.

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

Case-Shiller Home Price Index June 2016 Year-over-Year Rate of Growth Decelerates

Written by Steven Hansen

The non-seasonally adjusted Case-Shiller home price index (20 cities) year-over-year rate of home price growth slowed from 5.3 % to 5.1 %. However, the index authors stated "home prices have risen at a consistent 4.8% annual pace over the last two years without showing any signs of slowing".

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