Greece Update: "Take it or leave it" offer?
Greece Update: "Take it or leave it" offer?

From Reuters: Draghi, Lagarde joining Berlin meeting on Greece - officials European Central Bank President Mario Draghi and IMF chief Chris...

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Venezuela Bans Evictions, Delinquencies Soar 99%, Impossible to Get New Lease
Venezuela Bans Evictions, Delinquencies Soar 99%, Impossible to Get New Lease

Thanks to inane economic policies enacted by former Venezuelan president Hugo Chavez, and kept in place by current president Nicolás Maduro,...

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Income Up 0.4%, Spending Flat (Lower Than Any Economist's Estimate); Rent, Dividend, Obamacare Analysis
Income Up 0.4%, Spending Flat (Lower Than Any Economist's Estimate); Rent, Dividend, Obamacare Analysis

Those expecting a strong bounce in consumer spending did not get it in April even though personal income and disposable personal income each...

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Construction Spending increased 2.2% in April
Construction Spending increased 2.2% in April

Earlier today, the Census Bureau reported that overall construction spending increased in April: T...

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ISM Manufacturing index increased to 52.8 in May
ISM Manufacturing index increased to 52.8 in May

The ISM manufacturing index suggested expansion in May. The PMI was at 52.8% in May, up from 51.5% i...

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Personal Income increased 0.4% in April, Spending decreased slightly
Personal Income increased 0.4% in April, Spending decreased slightly

The BEA released the Personal Income and Outlays report for April: Personal income increased $59.4...

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The Water Diviner: Blu Ray Review
The Water Diviner: Blu Ray Review

The Water Diviner: Blu Ray Review Rating: M Released by Universal Home Ent Set four years after t...

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Tsipras Accuses Troika of Creditor "Monstrosity", Urges Eurozone Leaders to Read "For Whom the Bell Tolls"
Tsipras Accuses Troika of Creditor "Monstrosity", Urges Eurozone Leaders to Read "For Whom the Bell Tolls"

It appears the eurozone is one step closer to an "accident" today. In a Le Monde editorial...

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Monday: Personal Income and Outlays, ISM Mfg Index, Construction Spending
Monday: Personal Income and Outlays, ISM Mfg Index, Construction Spending

From Jim Hamilton at Econbrowser: Current economic conditions: not as bad as it sounds The new BEA data also allow us to calculate an alter...

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