-- this post authored by Omar Lamrani
The United States is gearing up once more for a struggle between giants. On Jan. 19, the Pentagon released a new National Defense Strategy, the first in 10 years, in which it called strategic competition the 'central challenge to U.S. prosperity and security' as Russian and Chinese military capabilities expand. U.S. Secretary of Defense James Mattis echoed that concern Feb. 2 in the preface of the Nuclear Posture Review, arguing that the United States could no longer afford to pursue a policy of nuclear arms reduction given the steady growth of the Chinese and Russian nuclear arsenals. The U.S. Ballistic Missile Defense Review, due for publication soon, is expected to emphasize the same key points, namely that the United States should bolster its missile defenses to better repel threats as strategic competition builds.
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 International Monetary Fund
-- this post authored by Helge Berger, Giovanni Dell'Ariccia, and Maurice Obstfeld
The euro area is experiencing a robust recovery, but the architecture supporting Europe's currency union remains incomplete and leaves the region vulnerable to future financial crises.
Infographic Of The Day:The Top Tourist Attraction In Every Country
Even as early as a decade ago, if you were backpacking in a foreign place, it was not uncommon to rely on the wisdom printed in travel guides such as Lonely Planet or Rick Steves to choose your day-to-day activities.
This widget provided by DailyForex.com Forex News & Brokers;
Written by Sig Silber
It has not yet reached crisis levels but a severe drought is impacting many states including Oklahoma, Texas and New Mexico. Arizona and Southern California have also been impacted but they are likely to receive relief soon. This drought raises the risk of significant impacts to farming and ranching. Thus until the situation improves, we will be providing updates of the Drought Monitor which is issued each Thursday. The extreme cold in Canada has also had impacts on agriculture there. Although our focus is on the U.S., we will be reporting also on the situation Worldwide.
from The Conversation
-- this post authored by Brian DeLay, University of California, Berkeley
As teenagers in Parkland, Florida, dressed for the funerals of their friends - the latest victims of a mass shooting in the U.S. - weary outrage poured forth on social media and in op-eds across the country. Once again, survivors, victims' families and critics of U.S. gun laws demanded action to address the never-ending cycle of mass shootings and routine violence ravaging American neighborhoods.
Written by Steven Hansen
In last weeks post How Close Is The USA To The Next Recession?, several readers pointed out that they check the yield curve to understand if a recession is about to occur. A yield curve inversion historically has been an accurate predictor of an impending recession in the U.S.. But, is it useful in timing market declines?
23Feb2018 Market Close: Wall Street Investors Have Eased Concerns About The Path Of Interest Rate Hi
23Feb2018 Midday Update: Wall Street Gains As Tech Stocks Rise, WTI Crude Rises Into The High 62 Han
23Feb2018 Pre-Market Commentary: Wall Street Set To Open Higher, DOW Future Are Up More That 150 Poi
ECRI's WLI Growth Index which forecasts economic growth six months forward remains in expansion. ECRI released their lagging index this week also/