Early Bird Headlines 25 May 2015
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.
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".).
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Written by Adam Whitehead, KeySignals.com
A recent study by the University of Muenster, based on empirical evidence taken from the US Congress - [i], found that Politicians who hold undergraduate degrees in economics are significantly more likely to engage in corrupt practices than their colleagues. Whilst this is startling in itself, the implications for central bankers, who are all grand masters of the dark art, is astonishing. Quantitative Easing may be the greatest financial scandal of all time. Ben Bernanke's recent career change into the world of hedge funds and asset management, closely mirroring that of his nemesis Larry Summers, illustrates the subtle payoff received by such doyens of the oldest profession in the finance world.
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FOREX NEWS by DailyForex
Whilst Forex trading is carried out at any time during the day, certain transactions are settled against rates determined by the banks at a specific time of day, based on the prevailing prices for a currency pair.
Changes are not expected in the Fed’s plan to raise interest rates in the very near future. Fed Chair Janet Yellen will point to some progress in raising employment and lowering inflation when she meets today to discuss the economy’s progress.
The Euro managed to recover some losses made in the wake of the Federal Reserve’s policy release yesterday which tended to support the greenback given that there were no Fed surprises.
The Japanese economy is the third largest in the world, behind the USA and China. Roughly 60% of Japan’s economic output is consumed by the domestic market with 40% of output exported to the rest of the world.
The latest report out of China, its Flash China Manufacturing Output Index, pointed to a drop in factory activity for the third straight month in May, down to 48.4 from an April high of 50.0 and hitting a 13-month low.
by Dirk Ehnts, Econoblog101
"Europe finally starts pumping markets with cash", CNN Money titled in early March 2015 when the ECB announced its program of quantitative easing (QE). Other press outfits wrote similar lines (Telegraph, RT, Reuters, ...) whereas some understood what was going on at the time (among others, the BBC).
by Asif Suria
Insider buying decreased last week with insiders buying $86.26 million of stock compared to $143.37 million in the week prior. Selling increased with insiders selling $3.19 billion of stock last week compared to $1.83 billion in the week prior.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 36.93. In other words, insiders sold almost 37 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 12.77.
22May2015 Market Close: Markets Closed Mixed, Small Caps Closed In The Green Ahead Of The Memorial W
22May2015 Pre-Market Commentary: Investors See Little Future In Today's Financial Posting Sending U.
ECRI"s WLI Growth Index which had spent 28 weeks in negative territory - is now in its third week in positive territory. It is now forecasting better growth later this year. ECRI also released its coincident indicator this week and is reported below.