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 20 November 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

  • Baltic Dry Shipping Index Drops to All-Time Low (Bloomberg)  The cost of shipping commodities fell to a record, amid signs that Chinese demand growth for iron ore and coal is slowing, hurting the industry’s biggest source of cargoes.  The Baltic Dry Index, a measure of shipping rates for everything from coal to ore to grains, fell to 504 points on Thursday, the lowest data from the London-based Baltic Exchange going back to 1985. Among the causes of shipowners’ pain is slowing economic growth in China, which is translating into weakening demand for imported iron ore that’s used to make the steel.  See also nest article,

baltic.dry.2010.2015

  • Baltic Dry Hits New Low; What It Means, and Doesn’t Mean (The Wall Street Journal)  The bad news continues to pile up in the commodities complex. The latest is that the Baltic Dry Index hit a new all-time low. It’s important to keep in mind, though, that what the index is measuring isn’t the use of those commodities, but the shipping of them. Therefore, what it’s really measuring is capacity use in the shipping industry. So if the index falls, as it did in 2012, it might say as much about the interior workings of the shipping industry as it does about the global economy. Indeed, while the index’s drop on Thursday set a new all-time low, the previous all-time low was from this past February.  See also next article.

baltic.dry.2002.2015

  • Abandon ship: Baltic Dry index hits record low (The Telegraph)  A leading indicator of world economic growth, the Baltic Dry, has plunged to its lowest ever level.  Econintersect:  But this assessment may be an oversimplification.  See preceding article.

baltic.dry.1985.2015

U.S.

EU

  • Belgium is a failed state (Politico)  That the Paris terrorist attacks had strong links to a suburb of Brussels didn’t shock manys who live in the Belgian capital. Radio stations here in both French and Dutch are full of discussions about Molenbeek that elicit indignation, sorrow, anger, guilt, despair, defiance. But not surprise.  Last Friday’s attacks in Paris were but the latest in a litany of jihadist incidents over the last two years involving people with ties to Molenbeek, including the 2014 shooting at the Jewish museum in Brussels, the Charlie Hebdo attacks in January and the failed attack in August on a Thalys train.

France

  • France Should Get EU Leeway for Security Spending, Juncker Says (Bloomberg)  French President Francois Hollande’s increased spending to boost security in the wake of the deadly attacks in Paris on Friday should be given special treatment under Europe’s budget rules, according to European Commission President Jean-Claude Juncker.  Juncker said:

“For an extraordinary situation we need extraordinary spending.  And it goes the same for other countries.”

Mali

Syria

  • Syria crisis: Massive Russian air strikes on 'IS targets' (BBC News)  Russia says it has intensified its air raids on what it calls "terrorist" targets in Syria and raised to 69 the number of its aircraft there.  But President Vladimir Putin said the current level of attacks was not enough to defeat so-called Islamic State (IS).  Russia said it fired cruise missiles for a fourth day against IS targets. The long-range missiles were launched from Caspian Sea warships.

Brazil

  • Brazil's Inflation Surpasses 10% for First Time in 12 Years (Bloomberg)  Brazil is gripped in an epic "stagflation".  Inflation exceeded 10% for the first time in 12 years, complicating President Dilma Rousseff’s efforts to revive an economy that is also battling higher-than-forecast unemployment.  Consumer prices rose 0.85%t from Oct. 15 to Nov. 12, pushing the 12-month inflation rate to 10.28%, the national statistics agency said Thursday. The monthly gain, the fastest since mid-June, compares with the median estimate of 0.86%t in a Bloomberg survey of 44 analysts.  As consumer prices in Latin America’s biggest economy continue to accelerate, Brazil’s central bank has delayed its plan of slowing inflation to its 4.5% target to 2017 from 2016. The bank has signaled it will keep rates on hold for a third consecutive meeting next week as it is caught between higher living costs and the deepest recession in 25 years.

Colombia

  • The Man Who Went From Harvard to Goldman to Colombian Jail (Bloomberg)  As a baby-faced entrepreneur, Kaleil Isaza Tuzman once symbolized the tech industry’s meteoric meltdown. Just years out of Harvard College and a stint at Goldman Sachs, he launched an Internet company only to see it collapse three years later.  Today, he finds himself in a South American maximum-security prison, begging to return to the U.S to face securities fraud charges that could send him to an American jail cell for as long as 20 years. For now, he shares a 90-square-foot cell with an accused murderer and a drug trafficker in Patio 16, a wing of the Colombian prison reserved for often-violent defendants.


Transports facing breakout attempt, could help S&P 500 (Chris Kimble, LinkedIn)  The Dow Jones Transportation index has remained inside of rising channel (A) over the past 20-years.  The decline of late took it down to test this channel as support back in August. At the same time it was testing 20-year support, it was testing 5-year rising channel support at the same time.  So far, support has held.  Now the Transports are facing a falling resistance line that has been in play for the past 6-months.  A breakout above resistance would be a positive price development and would also be a good sign for the broad markets.

Click for large image at Kimble Charting Solutions.

Other Economics and Business Items of Note and Miscellanea

clinton.foundation


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
Slow Economic Growth Will Be Around For A Long Time
The Job Guarantee, Wage-Price Inflation And Alternative Solutions: Part 2
News Blog
Why New Jets Could Destroy Airlines
March 2017 Texas Manufacturing Survey Continues to Expand
Wage Growth After The Great Recession
Is OPEC Losing Its Ability To Influence Oil Prices?
Many Worry That The Great Recession And Mounting Student Debt Have Stunted Millennials' Financial Development
Infographic Of The Day: Visualizing The Shifting Income Distribution Of American Jobs
Early Headlines: Asia Stocks, Dollar, Oil All Down, Gold Up, Border Wall Obstacles, US To 'Fix' Gov With Business Ideas, ACA Death Spiral, US C-I Lending Down, Merkel Election Boost, And More
Most Read Articles Last Week Ending 25 March
Funded By The Crowd
U.S. Top Source Of DDoS Attacks In Q4 2016
How Artificial Intelligence And The Robotic Revolution Will Change The Workplace Of Tomorrow
Amazon's Alexa Is A Fast Learner
What We Read Today 26 March 2017
Investing Blog
Market And Sector Analysis 25 March 2017
Earnings: A Lot Less Than Meets The Eye
Opinion Blog
Is The 20th Century Still The 'Hayek Century'?
Yellen's Dangerous Glass-Steagall Repression
Precious Metals Blog
These Gold Stocks Will Produce Much Bigger Gains Than Gold Itself
Live Markets
27Mar2017 Market Close: US Dollar Falls Into The 98 Range, WTI Crude Slips Into The 47 Handle, Wall Street Generally Sour And Down
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