Shiites Versus Sunnis: The Numbers
Written by Elliott Morss, Morss Global Finance
Introduction
Back in 2012, before the Middle East got extremely dangerous, I tallied up some numbers on Sunnis and Shiites that are even more relevant today. They go a long way to explain the growth of ISIL and likely future scenarios. The bottom line is that the Shiites have no chance against the Sunnis.
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Saucer like NASA Mars landing test vehicle launched into near space
Saucer shaped NASA landing vehicle was launched by balloon high into Earths atmosphere off Kauai as a test of technology that could land heavy vehicles on Mars. It was successful except the recovery parachute failed to operate correctly.
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What We Read Today 29 June 2014
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 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.
- Economic News Mash-Up: BOE's Carney Says Economic Growth Weak, Japan's Unemployment Rate Declines (Lindsey Taylor, FX Empire) Some economic news highlights for the UK and Japan.
The Week Ahead: Economic Fireworks?
by Jeff Miller, A Dash of Insight
With the stunning decline in Q1 GDP, the health of the US economy has once again taken center stage. The week ahead is shortened by a Friday holiday, but is packed with important data releases. It will all be over Thursday morning, when many will quit early and head for the beach.
In a quiet, low volume trading environment, we could see some early fireworks!
Brazil World Cup Brings Goals Galore
by Felix Richter, Statista.com
After 48 of the 64 matches of the 2014 FIFA World Cup in Brazil have been completed, it is safe to say that it's one of the most entertaining World Cup's in recent memory.
Few Believe Gold Can Shine
by Poly, Zentrader
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Considering that Gold has risen $100 off its low and the precious metals Miners have screamed higher, it's surprising how little bullish cheering we've heard. My discussion forum, Bull & Bear Talk, is very sensitive to Gold, but has barely seen an uptick in traffic during this move. In past moves out of Investor Cycle Lows, Bull and Bear Talk has had an immediate surge in traffic and a significant rise in the number of excited posts.
New Home Sales Soar To Reach 1991 Housing Depression Low
by Lee Adler, Wall Street Examiner
New home sales soared in May to 49,000 units, reaching the level reached at the bottom of the 1987-91 real estate depression as well as to the level of May 2008, near the bottom of the worst US economic depression since the 1930s. Mainstream conomic pundits and financial media personalities were ecstatic. After all it's not often that a sector as important as housing is to the US economy recovers from nearly non-existent all the way back to previous depression levels. It's even more impressive considering that there are 29 million more US households than in 1991.
Trefis: Highlights Week Ending 27 June 2014
Written by Trefis
Below is a summary of the activity at Trefis during the past week that Trefis thoughtEconintersect readers would find interesting.
Trefis is a financial community structured around trends, forecasts and insights related to some of the most popular stocks in the US. It provides the unique feature of allowing the user to model future valuation based upon projected changes in components of each business. It also provides communication capabilities among members, including consensus of member analysis compared to Trefis staff analysis and blogging opportunities for members.
Click on graphic for larger image and go to
Trefis interactive page.
Click "Read more..." to see our clickable table of contents with the most covered companies (more than 1 article) of the week identified.
The Fed Misrepresenting Inflation to Justify Inept Policy
by EconMatters, EconMatters.com
Government Data Is Useless
The final GDP calculation came out on Wednesday, and we have several takeaways from this latest revision. First of all government reporting data is all over the place, and not in a good way. I have no confidence that any of these numbers are actually right, and second with an ever changing economy, most of these data gathering tools are obsolete at best. The GDP number has now become a complete farce, the components used to calculate growth are so useless that we literally could have a plus 7% GDP quarter, and it mean absolutely nothing regarding the real health of the US economy!
Leading Index Review: May 2014 Philly Fed Leading Index Growth Rate Statistically Unchanged
Econintersect: The April May forecast (released Friday) now shows growth is projected at 1.7% over the next 6 months. A positive index number projects positive economic growth for the next 6 months. A review of all major leading indicators follows.
Tech World Remains Male-Dominated
by Felix Richter, Statista.com
It is a long-standing rumour that the tech industry is dominated by men.
Banking Recovery Could Be Vulnerable to Interest Rate Increases
by Dallas Fed
After being hit hard by the financial risis and resulting recession, the banking industry is bouncing back amid a prolonged low-interest-rate environment. Still, even as profitability rose last year and asset quality problems continued to recede, questions remain about what will happen when interest rates return to more normal levels, challenging bank performance.
The Effect of State Pension Cut Legislation on Bank Values
from the New York Fed
What happens when States consider or enact pension cut legislation to the values of banks? We find that banks doing business in Wisconsin and Ohio experienced positive (negative) stock price reactions to announcements that indicate an increased (a decreased) probability of pension cut legislation. The stock price reactions are positively related to the extent to which banks operate in Wisconsin and Ohio.
Infographic of the Day: Mastering Roulette for Massive Fortune
Roulette is a game of pure fun & entertainment. Casino lovers always try Roulette to tickle their fortune.
