econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



>> Click Here for Historical Wall Post Listing <<

What We Read Today 27 July 2015

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.

The rest of this post is available only the GEI Members.  Membership is FREE -  click here.


Articles about events, conflicts and disease around the world

Global

U.S.

After more than 50 votes in Congress and two attempts before the U.S. Supreme Court to mothball the ACA and public exchange marketplace, some Republicans are now seeing the budget reconciliation process as yet another avenue for achieving this long-time goal. 

Other members of the GOP prefer to reserve this budget tactic for tax reform or other policy objective, according to a recent report by the National Law Review. The publication also suggested that Paul Ryan (R-WI), who chairs the House Committee on Ways and Means, plans to meet a budget resolution deadline of July 24 for committees with jurisdiction over health care issues to come up with a repeal plan.

EU

euro.non.perf.loans

  • IMF Euro Area Report: Debt's a Mean Bitch… (Constantin Gurdgiev, true economics)  CG contributes to GEI.  Low inflation is "pushing up real rates, more in countries with higher debt burdens", according to the IMF (IMF report linked in preceding article).  CG says:

Broadly-speaking, with annual expected inflation at or below 1%, we have serious pressure on Portugal and Spain, where Government borrowing costs (and by some proximity, banks funding costs) have not declined as dramatically as in, say, Ireland. The second sub-group at risk are countries with lower debt ratios, but still high enough funding costs - Slovenia and Italy. Ireland is in a separate category, having enjoyed significant declines in cost of funding, without a corresponding improvement in debt ratios. In other words, for Ireland, so far, the challenge is less of day-to-day funding of debt, but the quantum of debt outstanding. Short-run sustainability is fine, but longer run sustainability is still problematic.
 

euro.real.int.

Turkey

  • In fight against Islamic State, Turkey's Erdogan sees chance to battle Kurds  (Reuters)  Forced into battle against Islamic State as it presses on Turkey's borders, President Tayyip Erdogan is seizing the chance to keep another foe in check, bombing Kurdish militants he sees as a threat to the integrity of the Turkish state.  The illogic of this is evident when one realizes that the Kurds have had the most success against the Islamic State of any force.  It also presents a problem for the U.S. which has been considering the Kurds an ally.
  • Turkey and US 'planning buffer zone' in northern Syria (BBC News)  The US and Turkey are working together on military plans to clear the Islamic State (IS) group from parts of northern Syria, American officials say.  See also next article.

Syria

Indonesia

  • The Gecko’s Bite (Foreign Policy)  Indonesia’s anti-corruption commission has made great strides in combating graft. But now it risks becoming a victim of its own success.

China

  • After Quick 8.5% Crash, Confusion Reigns in Chinese Stocks (Bloomberg)  More than half of 3 weeks of recovery was given back in one day.  Monday’s plunge was all the more surprising because it followed a government rescue package that had helped drive a 16% rally since July 8. That support appeared to vanish without warning, leaving analysts guessing whether authorities shifted their policy stance or just got overwhelmed by a flood of sell orders. After the close of trading, the securities regulator denied speculation that the government has exited the stock market.
  • Chinese Economics, Not Stocks, the Focus for Analysts (The Wall Street Journal) China's economic prospects look much brighter, according to this article, than is reflected by the violent volatility of its stock market.     

Are Treasuries Too Cheap?  (Walter Kurtz, The Daily Shot)

treasuries.too.cheap


Focusing on the Wrong Thing (5 Min.Forecast)  Whether you think there is any value in technical analysis or not, there is on important reason you should not ignore it:  Other people do believe.  And sometimes technical signal patterns can be anticipated.  The chart below is one of those situations.  In about 3 months it will no longer be possible for the S&P 500 to remain between the two blue lines (dotted for resistance and solid for support).  So sometime between now and the day the two lines meet there will be a breakout (up through the dotted line) or a breakdown (down through the solid line).  Whenever one of those things happens there will be a market reaction, however fleeting, and you should be paying attention (because we have warned you).  How you react (and if you react) will depend on what your investment objectives are at the time.

sp500.support.resistance

Other Economics and Business Items of Note and Miscellanea

  • Seven Reasons to Take Social Security Sooner (Wealth Management)  We all know the advice to wait as long as possible to start Social Security in order to increase annual payments.  But there are reasons why taking benefits as early as possible may be the right decision for some.
  • Why Walgreens moved to a private exchange (Employee Benefit Advisor)  Walgreen Co. was one of the first large employers to move employee health care benefits from a group insurance plan to private health care insurance exchange (HIX).  Did they save money?  No, the company is spending on health benefits at the same rate.  Why did they do it?  Because it offered each employee the option to create the personalized plan best for them. 

This idiotic: Greece's creditors want to shrink its economy. Joseph Stiglitz has been writing books for nearly two decades now trying to impress upon rightwing economists the idea that if people do not have income they cannot spend.  You would not think it is a hard argument to make. But you would be wrong. 

I think the future will be some combination of Rothbard and Kurzweil.  Keynesianism will still be around intellectually because it is far too useful to the ruling elite to be abandoned.  Yet the institutions that put it in play will be on the ropes.  Broke governments will leave us with nearly free markets, while the law of accelerating returns will continue to open up radically new economic opportunities.

  • Lost in translation: Annual funding notices confound readers (Employee Benefit News)  Annual notices to pension fund participants shouldn't require the employee to consult an actuary, regulator, auditor, accountant and/or a professional investor to be able to understand the report.  Unfortunately, this author reports that they do require that level of expertise. 

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.






Econintersect Behind the Wall



search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Was Marx Right?
Angst in America, Part 4: Disappearing Pensions
News Blog
What We Read Today 27 April 2017
March 2017 Philly Fed Coincident Index Ticks Marginally Up
What Is 5G
April 2017 Kansas City Fed Manufacturing Remains Positive But Declines
March 2017 Pending Home Sales Seasonally Adjusted Index Declines
Durable Goods New Orders Improved in March 2017
22 April 2017 Initial Unemployment Claims Rolling Average Marginally Improves
Infographic Of The Day: These Are The Countries Most and Least Prepared For Cyber Attacks
Documentary Of The Week: History Of The World From The Beginning Of 'Time'
The Four Factors That Decide How We Feel About Income Inequality
Why Mexican Immigrants Are Healthier Than Their US-born Peers
The US View On Climate Change
Hilarious Security Camera Compilation
Investing Blog
Facebook Is Coming After Snapchat From All Sides
Know Your Energy Sector
Opinion Blog
Squeezing The Philippine Peso
Trump Just Imposed A New Tax On Lumber
Precious Metals Blog
A New Age For Gold
Live Markets
27Apr2017 Market Close: Wall Street Closes In The Green With Nasdaq Grabbing The 'Golden Ring' Crossing 6,000, WTI Crude Climbs Back Into The 49 Handle, US Dollar Slips Off Session Highs
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

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

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  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 - 2017 Econintersect LLC - all rights reserved