What We Read Today 04 July 2014

July 4th, 2014
in econ_news, syndication

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 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.

  • Yellen Says Financial Instability Shouldn’t Prompt Rate Change (Craig Torres and Jeff Kearns, Bloomberg) The Fed chair told the IMF (International Monetary Fund) this week that there are "pockets of increased risk-taking" in the financial system, but that is primarily a concern of regulation, not of interest rate policy which faces "significant limitations as a tool to promote financial stability".

Follow up:

  • Hurricane Arthur to hit energies (Phil Flynn, Futures Magazine) Employment numbers and lowered inventories are bullish but both may be dominated by a drop in demand in the wake of hurricane Arthur. The expected July 4th holiday driving surge along the U.S. east coast may be washed out by the first hurricane of the 2014 season.
  • S.Korea, China agree to launch Won-Yuan trading market in Seoul (Xinhua) According to the South Korean presidential office, South Korea and China have agreed to launch a market for direct trading between currencies of the two countries. An exchange may open in Seoul this year. The stated objectives are to reduce foreign exchange costs and risks for companies and boost bilateral trade and investment.  See more 'behind the wall'.
  • Have We Been Reading the Declaration of Independence All Wrong? (MSN News) Scholars are uncertain whether a period (see below) actually exists in the original Declaration of Independence. If it is not there then Jefferson and the signers of the Declaration of Independence can be inferred to have a "big government" view that has not previously been considered and also that the fundamental rights of "all men" extend beyond "Life, Liberty and the pursuit of Happiness" to the power of government. With the period in question in place, government can be interpreted as subservient; without it government assumes a more equal footing. See also If Only Thomas Jefferson Could Settle the Issue (Jennifer Schuessler, The New York Times).


There are 12 articles discussed today 'behind the wall'.

Please support all that we do at Global Economic Intersection with a subscription to our premium content 'behind the wall'.

You get a full year for only $25.

The rest of the post is for our premium content subscribers - Click here to continue reading. If you have forgotten your login or password - send an email to info at econintersect.com.


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved