from Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI
In summer of 2015 we declared that the 'Fed's rate hike plans are on a collision course with the economic cycle.' This was because the Fed was pressing for the long awaited 'liftoff' from the zero lower bound at a time when ECRI's leading indexes were pointing to a cyclical slowdown in U.S. economic growth, i.e., a growth rate cycle (GRC) downturn.
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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from Elliott Wave International
The Wave Principle classifies price action as either motive or corrective. Corrective waves move opposite the direction of the primary trend and include the zigzag, flat, triangle and combinations of these patterns. They offer traders an opportunity to rejoin the larger trend.
Infographic Of The Day: What Causes A Slow Metabolism?
If you really want to lose weight and keep it off, it's important to have a firing metabolism that is consistently working away, burning energy (and therefore preventing, limiting and minimizing the amount of fat stored in the body).
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by Benn Steil
-- Co-authored with Emma Smith
It's 'the economy, stupid' - or so claimed famed campaign strategist James Carville during Bill Clinton's first successful run for the presidency, back in 1992. Nearly a quarter century later, it's still the case.Or more specifically, it's confidence in the economy (, stupid). At least that's what we've found.
by Robert Rapier, Investing Daily
Investing Daily Article of the Week
The recently released BP Statistical Review of World Energy registered new all-time highs for the production and consumption of oil and natural gas, and for fossil fuels as a whole. But the story for coal was much different. In fact, 2015 brought the biggest drop in coal demand since 1965, the first year the BP Review began tracking energy statistics.
24Jun2016 Market Close: Markets Crash After Brexit, DOW Down 611 Points, Crude Looking To Fall Furth
24Jun2016 Market Update: DOW Down Nearly 3%, Global Stocks Reeling From Brexit And Gold Prices Skyro
ECRI's WLI Growth Index which forecasts economic growth six months forward was unchanged and remains in positive territory for the thirteenth week - after spending the previous 34 consecutive weeks in negative territory.