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posted on 03 March 2017

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Every day GEI (Global Economic Intersection) sends thousands of subscribers a free newsletter which presents summaries of all new articles posted in the preceeding 24 hours. Also delivered in the newsletter is free access to the feature 'What We Read Today'. Click through Read more >> for more (including the full newsletter for Friday 03 March).

Every day there are between 20 and 25 new articles posted by GEI. The newsletter content shown below has the 23 articles for 03 March plus a sponsor's message.


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

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Articles posted on Friday, 3 March 2017

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Economic News: Asia/Pacific Europe Middle East/Africa Americas USA Government

March 2017 Economic Forecast: Outlook Continues to Improve

Written by Steven Hansen

Econintersect's Economic Index improvement trend continues although the value remains in the territory of weak growth. The index remains below the median levels seen since the end of the Great Recession. The data continues to suggest better dynamics in the future. Six-month employment growth forecast indicates modest improvement in the rate of growth.

Read more ...

03Mar2017 Market Close: Wall Street Ended Today's Session In The Green, But Flat As Investors Hold Back, WTI Crude Prices Edge Up Into The Low 53's And The US Dollar Slips Further Down

Written by Gary

US stocks ended flat today (SPY +0.06%) after Fed Ms. Yellen signaled the central bank is set to raise interest rates this month if employment and other economic data hold up.

Read more ...

What We Read Today 03 March 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".).


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 ... [login is 'waller', password is '2-shoe']

03Mar2017 Market Update: Wall Street Marches Sideways, Investors May Be At A Tipping Point, Crude Prices Show Some Strength And The US Dollar Weakens

Written by Gary

US stocks were little changed today (SPY +0.01) after Fed Janet Yellen said an interest rate hike would be appropriate this month if economic data holds up. Investors now mulling over an overbought market and conflicting data points.

Read more ...

A Fartout, A Farting Workout

If you want perfects abs, there's a price to pay... Although ironically it's not the one working out the abs that's doing the paying! If you do any amount of sit-ups at all you'll quickly discover the power of workout gas.

24 February 2017: ECRI's WLI Growth Index Moderate Slowing Of Rate of Growth Continues

ECRI's WLI Growth Index which forecasts economic growth six months forward remains in positive territory for the 49th week - after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index.

Read more ...

February 2017 ISM and Markit Services Show Mixed Direction For Growth

Written by Steven Hansen

The ISM non-manufacturing (aka ISM Services) index continues its growth cycle,and improved 1.1 to 57.6 (above 50 signals expansion). Important internals were mixed. Markit PMI Services Index declined but remains in expansion..

Read more ...

A Word from This Newsletter's Sponsor for 03 March 2017

2017 Futures Outlook

RJO Futures has put together some of the best insight into where the markets have been and what might be ahead in our 2017 Futures Outlook Guide. Papers include:

* 2017 Grain Outlook

* 2017 Energies Outlook

* 2017 Metals Outlook

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03Mar2017 Pre-Market Commentary: Wall Street To Open Flat Ahead Of Yellen's Speech, WTI Crude Steady In The High 52's And The US Dollar Falling

Written by Gary

Wall Street stock future indexes pointed to a flat open (SPY -0.1%) this morning ahead of Yellen's speech. The bitcoin hit a new record high, passing the value of an ounce of gold.

Read more ...

Rail Week Ending 25 February 2017: February Month Movements Up 4.2% From One Year Ago

Week 8 of 2017 shows same week total rail traffic (from same week one year ago) insignificantly improved according to the Association of American Railroads (AAR) traffic data.

Read more ...

Staying Safe On Spring Break


-- this post authored by Scott Stewart

With spring break season approaching for our American readers, now is a good time to provide a primer on how to plan a safe vacation for the entire family or for individual children. This information can also be useful to our international subscribers who want to make sure they stay safe during their travels.

Read more ...

Infographic Of The Day: Is Chewing Gum Destroying The Environment

Even if you recycle and save electricity, you may be harming the environment in an unexpected way. Chewing gum is the second-most common form of litter after cigarette butts.

Read more ...

Early Headlines: Asia Stocks Down, Dollar And Oil Up, Gold Down, Climate Denial In Schools, Trump Market Surge 2nd All-Time, EU May Impose Visas On US, India's Gold Imports Surge, Japan GDP Expected Higher And More

Written by Econintersect

Early Bird Headlines 03 March 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.


Read more ...

Documentary Of The Week: Interview Of Aldous Huxley In 1958

Written by John Lounsbury

Econintersect: Aldous Huxley wrote some of the most frightening futuristic novels of the 20th century, most famously "Brave New World" in 1931, which described a world ruled by a despotic dictator who enforced auhtority through mind control, psychological manipulation, and classical conditioning. This video is a 1958 interview of Mr. Huxley by Mike Wallace.


Read more ...

Merging Our Brains With Machines Won't Stop The Rise Of The Robots

from The Conversation

-- this post authored by Michael Milford, Queensland University of Technology

Tesla chief executive and OpenAI founder Elon Musk suggested last week that humanity might stave off irrelevance from the rise of the machines by merging with the machines and becoming cyborgs.

Read more ...

When Marxists Deploy the Quantity Theory of Money and Other Economic Nonsense

by Philip Pilkington

Article of the Week from Fixing the Economists

It's truly infuriating to watch left-wingers talk absolute nonsense when discussing the economy. I encounter it all too often. What you generally get is a hodge-podge of incoherent economic ideas - usually incorporating the worst aspects of right-wing doctrines like monetarism - topped off with a general hand-wave that, well, capitalism is full of 'contradictions' and doesn't work anyway so what's the use of discussing it in any detail.


And The Winner Isn't...


-- this post authored by Niall McCarthy

For Emma Stone, Oscar night proved second time lucky at the Academy Awards.

Read more ...

How Trump Versus Fed Adds To Uncertainty

by Dan Steinbock, Difference Group

To implement his $1 trillion dollar infrastructure plan, President Trump needs low rates, even though the Fed's rate hikes will strengthen dollar. That means new uncertainty worldwide.

In his Crippled America (2015), Trump argued that "our airports, bridges, water tunnels, power grids, rail systems - our nation's entire infrastructure is crumbling, and we aren't doing anything about it."


Read more ...

Where Have 5.6 Million U.S. Manufacturing Jobs Gone?

Written by John O'Donnell, Online Trading Academy

Politicians of all persuasions blame trade and cheap labor in developing economies for the decline in manufacturing employment in the U.S. "Outsourcing" or "off-shoring" are terms we often hear. But there is more to the story than those sound bites.

Manufacturing employment is discussed in the video after the Read more >> jump.


Read more ...

Big Pharma Quietly Enlists Leading Professors To Justify $1,000-Per-Day Drugs

Special Report from ProPublica

-- this post authored by Annie Waldman

As it readies for battle with President Trump over drug prices, the pharmaceutical industry is deploying economists and health care experts from the nation's top universities. In scholarly articles, blogs and conferences, they lend their prestige to the lobbying blitz, without always disclosing their corporate ties.

Read more ...

The 2016 Nobel Prizes In Economics Went To Those Who Pushed Criminogenic Policies

from William K. Black, New Economic Perspectives

How has the Swedish Central Bank's committee that awards prizes in Economics in honor of Nobel responded to the field's abject failures regarding the recent financial crisis and the Great Recession? A lesser group would display humility, acknowledge its failures, and promise a fundamental rethink of the field.

Read more ...

We've Calculated The Environmental Cost Of A Loaf Of Bread - And What To Do About It

from The Conversation

-- this post authored by Peter Horton, University of Sheffield

What does a staple food such as bread have to do with global warming? For a start, to make loaves on an industrial scale, you'll need powerful milling and kneading machines and a huge oven, heated to 230℃ or more. This uses a lot of energy. The flour, yeast and salt must also be shipped in and, finally, the finished loaves are delivered to stores - all in trucks powered by petrol.

Read more ...

2016 Marks The Warmest Year On Record


-- this post authored by Felix Richter

Just hours after President Trump took office, most traces of his predecessor's political legacy had already been scraped off the official White House website.

Read more ... Technical Summary 02 March 2017

Written by Staff, Technical Analysis (as of Thur, 02 March 05:20pm EST)

Below, technical overviews and analysis for key stock indices, commodities and currency pairs, based on market activity at the close of the 02 March U.S. session. This information is a comprehensive summary derived from simple and exponential moving averages along with key technical indicators shown for specific time intervals.

Read more ...

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