Monday, July 20, 2015

Economic Journal - Monday, 7/20/2015

(as of 6:45 AM PST)
 
It looks to be a quiet day.  No significant economic data is on the table.  Most US market indexes sit at or near record highs so a day of consolidation might be at hand.  Oil and gold continue to fall with gold taking a beating, down two percent and at levels not seen in years.  Europe is mostly up with Greece appearing to show financial progress by paying IMF liabilities.  Greek payments, however, are from another round of refinance arrangements, with no real progress yet by the financially embattled country.  Asia shows signs of much needed stability with the Shanghai index near unchanged. 

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