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May 2017 Pending Home Sales Seasonally Adjusted Index Declines For the Third Month

Written by Steven Hansen

The National Association of Realtors (NAR) seasonally adjusted pending home sales index declined. Our analysis is mixed. The quote of the day from this NAR release:

... Monthly closings have recently been oscillating back and forth, but this third consecutive decline in contract activity implies a possible topping off in sales ...

Read more ...



Globalists, Nationalists And Patriots

from STRATFOR

-- this post authored by Reva Goujon

In times of global angst, we tend to organize ourselves into rival camps and casually hurl political epithets at each other as a matter of practice and principle. A couple of similarly angst-ridden generations ago, identifying yourself as a communist or capitalist could provide you with a medal or land you in jail, depending on where you were in the world and the company you kept. Now, it is self-proclaimed globalists and nationalists who are pitted against each other in a battle to passionately defend or radically reconstruct the global order.

Read more ...



Escrow Vs. Non-Escrow Mortgages: Escrow Accounts Increasingly More Popular Among Borrowers And Lenders

from CoreLogic

-- this post authored by Dominique Lalisse

For the past several years there has been a strong push in the mortgage servicing industry to move borrowers to mortgage escrow accounts. A recent analysis by CoreLogic shows that currently almost 80 percent of all borrowers are paying their taxes (and insurance) through escrow accounts. This represents an increase of 900 basis points in the rate over the past six years.

Read more ...



Crude Oil Sinks 20%: Why "Oversupply" Isn't The Half Of It

from Elliott Wave International

Oil prices have defied bullish efforts to curb oversupply. Here's our take on why.

I have a friend... let's call him Larry. Let's just say, Larry is not a fan of taking risks. He likes his reflexes fast, his cars slow, and his financial markets secure for the long haul.

Read more ...



Infographic Of The Day: Fire Safety

Most fires in the home can be prevented. It's good advice to know the risks around your home and take steps to minimise them. Although many parts of fire prevention guides are common sense, we're often too busy with our daily lives to make sure we have a few things in place to help reduce the risks of fire. However, a little time planning and checking can save lives, because fire kills.

Read more ...



Early Headlines: Asia Stocks, Dollar, And Oil All Down, Gold Up, Health Vote Delayed, Break Up Banks, Rescind Clean Water Act, Trump Escalates Syria, Tense China - India Border, And More

Written by Econintersect

Early Bird Headlines 28 June 2017

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

early-bird-301-180

Read more ...



The Evil Military-Industrial Complex

Written by Frank Li

I had high hopes President Trump would attempt to address America's long-standing problem with the MIC (Fixing the Military-Industrial Complex!). But my hopes are quickly vanishing. Two main reasons:

  1. Like many of his recent predecessors, President Trump has proven to be nothing but traditional in dealing with the MIC: going along and getting along. For more, read: Sending No More American Troops to Afghanistan!
  2. President Trump, in the coming months at least, is likely to be largely consumed by the investigation under way (Is the Trump Revolution Over?).

But still, my fellow Americans must understand the MIC and its evil nature.

Read more ...



British Still Divided Over Brexit

from Statista.com

-- this post authored by Dyfed Loesche

One year after a slim majority of British citizens voted to leave the European Union (51.9 to 48.1 percent) on June 23, the actual negotiations between the UK government and the European Commission have only just begun this week.

Read more ...



Irregular Schedule

Written by Econintersect

Econintersect: There will be no 'What We Read Today' column Wednesday 28 June.

detour.sign

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Toshiba In Trouble

from Statista.com

-- this post authored by Martin Armstrong

Recently, Toshiba took the unprecedented step of announcing its Q3 results without the approval of its auditor, PricewaterhouseCoopers Aarata.

Read more ...



For Syrian Refugees Celebrating Eid In Lebanon, The Environment Is Increasingly Hostile

from The Conversation

-- this post authored by Billie Jeanne Brownlee, University of Exeter

For Syrian refugees in Lebanon marking the Muslim holy month of Ramadan, it has been a struggle to find enough food to break their fast each evening after sunset. This is not what Ramadan and Eid al-Fitr, the festival at its end, should be about. It is a chance to give Muslims a spiritual boost, by reading the Holy Quran, avoiding malicious behaviour and contributing to charity work and donations for the less fortunate.

Read more ...



Americans Are Taking More Time Off Work

from Statista.com

-- this post authored by Dyfed Loesche

The United States, unlike many other industrialized countries, has no statuary agreement on taking paid vacation.

Read more ...



What We Read Today 27 June 2017

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".).

BECOME A GEI MEMBER - IT's FREE!

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

To become a GEI Member simply subscribe to our FREE daily newsletter.

Read more ...



Netherlands Meteorite Sheds Light On Origin Of The Solar System

A meteorite, which landed in Holland could help scientists understand the origin of the solar system.

June 2017 Conference Board Consumer Confidence Down, Remains Optimistic

Written by Jill Mislinski

The latest Conference Board Consumer Confidence Index was released this morning based on data collected through June 15. The headline number of 118.9 was an increase from the final reading of 117.6 for May, a downward revision from 117.9. Today's number was above the Investing.com consensus of 116.0.

Read more ...



Richmond Fed Manufacturing Survey Improves In June 2017.

Of the five regional Federal Reserve surveys released to date, all are in expansion.

Read more ...



Case-Shiller 20 City Home Price Index April 2017 Shows 5.7 % Year-over-Year Growth

Written by Steven Hansen

The non-seasonally adjusted Case-Shiller home price index (20 cities) year-over-year rate of home price growth was declined from 5.9 % to 5.7 %. The index authors stated "Since demand is exceeding supply and financing is available, there is nothing right now to keep prices from going up.".

Read more ...



Low Interest Rates And Bank Profits

from Liberty Street Economics

-- this post authored by Katherine Di Lucido, Anna Kovner, and Samantha Zeller

The Fed's December 2015 decision to raise interest rates after an unprecedented seven-year stasis offers a chance to assess the link between interest rates and bank profitability. A key determinant of a bank's profitability is its net interest margin (NIM) - the gap between an institution's interest income and interest expense, typically normalized by the average size of its interest-earning assets.

Read more ...



Loans Originated In The First Quarter Exhibit Slightly Higher Credit Risk Compared To The Previous Year

from CoreLogic

-- this post authored by Archana Pradhan

Loans originated in Q1 2017 have slightly higher credit risk than loans originated last year. However, the credit risk is about the same compared to early 2000s, according to the latest CoreLogic Housing Credit Index (HCI).

Read more ...



Infographic Of The Day: New Word Of The Day - Electropolishing

Electropolishing is one of those things that most of us have no idea exists, and yet is all around us.

Read more ...



Early Headlines: Asia Stocks Mixed, Dollar And Gold Steady, Oil Up, Sea Level Rise, Trump And Modi, China Hints New Econ Model, And More

Written by Econintersect

Early Bird Headlines 27 June 2017

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

early-bird-301-180

Read more ...



June 26, 2017 Weather and Climate Report - Welcome to Summer

Written by Sig Silber

It is three weeks out, but the models are suggesting that the 8 - 14 Day Period will create the conditions for the Southwest Monsoon to commence the following week but a bit displaced initially to the east. This week may see some relief from the heat which will return the following week but this time impacting the Northern Plains and points east.

Read more ...



What's Holding Up The Blockchain?

from The Conversation

-- this post authored by Philippa Ryan, University of Technology Sydney

It's not technology or regulation holding back the blockchain - software that stores and transfers value or data across the internet - we just haven't figured out the next big use-case. Two reports released recently by the CSIRO's Data61 not only inject some well-researched gravitas into the conversation, they also provide insight into why some of the major blockchain projects have stalled.

Read more ...



The Felt Effect Of The Brexit Vote

from Statista.com

-- this post authored by Dyfed Loesche

How the eventual Brexit will play out over time, nobody knows.

Read more ...



Earnings And Economic Reports: Week Starting 26 June 2017

Written by Econintersect

Econintersect: Here is a day-by-day rundown of the global economic calendar events for the coming week and the important earnings announcements each day, as well. The presentation is by Merlin Rothfeld from Online Trading Academy and Power Trading Radio.

Video presentation follows the Read more >> jump

merlin-rothfeld-ptr-380px

Merlin Rothfeld

Read more ...



Republicans Highly Skeptical Of The News Media's Credibility

from Statista.com

-- this post authored by Felix Richter

The United States in 2017 looks very much like a divided country.

Read more ...



Average Gasoline Prices for Week Ending 26 June 2017 fell Almost Three Cents

Average gasoline prices fell 2.9 cents this past week following the previous week's 4.6 cent fall.


Average prices by region and a breakdown by grade follow after "Read more....".

Read more ...



What We Read Today 26 June 2017

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".).

BECOME A GEI MEMBER - IT's FREE!

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

To become a GEI Member simply subscribe to our FREE daily newsletter.

Read more ...



The Economic Affects Of The Better Care Reconciliation Act Of 2017 - Senate Version Of Obamacare Replacement

from the Congressional Budget Office

CBO and JCT estimate that enacting the Better Care Reconciliation Act of 2017 would reduce federal deficits by $321 billion over the coming decade and increase the number of people who are uninsured by 22 million in 2026 relative to current law.

Read more ...



Terminators In The Warehouse, Robot-assisted Employees Power Through The Job

This robotic lifting suit is keeping older workers on the job in Japan.

June 2017 Texas Manufacturing Survey Declines

Of the four Federal Reserve districts which have released their June manufacturing surveys - all are in expansion. A complete summary follows.

Read more ...



May 2017 CFNAI Super Index Moving Average Down

Written by Steven Hansen

The economy's rate of growth declined based on the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average - but economic growth remained above the historical trend rate of growth.

Read more ...



Durable Goods New Orders Declined in May 2017

Written by Steven Hansen

The headlines say the durable goods new orders declined. The unadjusted three month rolling average improved.

.

Read more ...



Standard Vs. Itemized Deductions: How The New Tax Proposal Could Affect The Decision

from the St Louis Fed

-- this post authored by YiLi Chien and Paul Morris

In late April, President Donald Trump revealed an outline of his tax proposal. The details of the proposal are still unclear as the announcement is quite brief. However, the tax proposal includes many significant changes, including some regarding tax deductions.

Read more ...



Infographic Of The Day: The Source Of Spam Email

Spamming is potentially very profitable, and there's a silent war for your inbox going on every second of every day and night.

Read more ...



Early Headlines: Asia Stocks, Dollar, And Oil All Up, Gold Down, Household Debt Service Burdens, Health Care Week, Italy Center-Right Wins, Iraqis Rescuing Cultural ID, Takata BK, And More

Written by Econintersect

Early Bird Headlines 26 June 2017

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

early-bird-301-180

Read more ...



Most Read Articles Last Week Ending 24 June

Written by Econintersect

Econintersect: Google Analytics has given GEI page read counts for each of the 277 most read articles on Global Economic Intersection for the week 18 June through 24 June, inclusive. The top ten are listed after the Read more >>jump.

home.page

Read more ...



Does Drinking Hot Tea In Summer Really Cool You Down?

from The Conversation

-- this post authored by Steve Faulkner and Katy Griggs, Loughborough University

I remember as a child, on the rare warm days that we used to get in Britain, my grandmother telling me to "have a cup of black tea .... it will help cool you down". As a seven-year-old, this seemed like a crazy idea, especially when all I wanted was a cold lemonade and another ice cream. But it appears that this old wives' tale may actually be more Stephen Hawking than Stephen King.

Read more ...



Polish Make Up Biggest EU Expat Group In The UK

from Statista.com

-- this post authored by Dyfed Loesche

The government of the United Kingdom and the European Commission are set to begin Brexit negotiations in Brussels on Monday.

Read more ...



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