Written by Gary
U.S. stock Futures indexes are up 1%, Oil is down in the 44's and the U.S. dollar is melting higher. Asian Markets closed fractionally in the red and the European markets are fractionally in the green as investors continue to worry about Global Financial issues.
Global stock markets have steadied, but deepening worries about China are keeping investors on edge. U.S. private employers only added 190,000 jobs in August, short of economists' expectations. If oil falls so will the markets.
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.
from Liberty Street Economics
-- this post authored by Luis Armona, Samuel Kapon, Laura Pilossoph, Aysegul Sahin, and Giorgio Topa
Since the peak of the recession, the unemployment rate has fallen by almost 5 percentage points, and observers continue to focus on whether and when this decline will lead to robust wage growth. Typically, in the wake of such a decline, real wages grow since there is more competition for workers among potential employers. While this relationship has historically been quite informative, real wage growth more recently has not been commensurate with observed declines in the unemployment rate.
Infographic Of The Day: College Student Storage Tips
When summer finally rolls around, the last thing you want to do is drag your entire dorm room contents all the way home (especially if you typically fly home and ship your belongings) and try to squeeze your stuff into your parents’ house.
This widget provided by DailyForex.com Forex News & Brokers
Zhi: A Critique of Modern Money Theory and the Disequilibrium Dynamics of Banking and Government Finance
by Dirk Ehnts, Econoblog101
Such is the title of Tianhao Zhi's recent paper.
X-factor Report 30 August 2015
by Lance Roberts, StreetTalk Live
In last week's missive I specifically stated:
01Sep2015 Market Update: Markets Open Lower, Trade Sideways, WTI Oil Has Dropped 4 Points, Investors
01Sep2015 Pre-Market Commentary: Markets Expected To Gap Down Sharply Along With Oil On New Global F
Written by Steven Hansen
A simple summary of the headlines for this release is that the growth of productivity exceeded the growth of costs (headline quarter-over-quarter analysis). The year-over-year analysis says the opposite. I personally do not understand why anyone would look at the data in this series as the trends are changed from release to release - and significantly between the preliminary and final release..