ECB'S DRAGHI: We're Keeping Rates Low 'For An Extended Period Of Time'

FinViz

The bottom just fell out of the euro.

This is all happening as ECB president Mario Draghi speaks about his latest monetary policy decision.

"Looking ahead, our monetary policy stance will remain accommodative for as long as necessary," said Draghi in his introduction. "The Governing Council expects the key ECB interest rates to remain at present or lower levels for an extended period of time."

This is "concrete forward guidance," said Morgan Stanley's Elga Bartsch.

Later in the press conference, Draghi said that the decision to provide forward guidance was a unanimous one.

Based on the market's reaction, it's pretty clear that the market wasn't expecting such a dovish tone.

Here are his full introductory comments:

Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council, which was also attended by the Commission Vice-President, Mr. Rehn.

Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged. Incoming information has confirmed our previous assessment. Underlying price pressures in the euro area are expected to remain subdued over the medium term. In keeping with this picture, monetary and, in particular, credit dynamics remain subdued. Inflation expectations for the euro area continue to be firmly anchored in line with our aim of maintaining inflation rates below, but close to, 2% over the medium term. At the same time, recent confidence indicators based on survey data have shown some further improvement from low levels. Our monetary policy stance is geared towards maintaining the degree of monetary accommodation warranted by the outlook for price stability and promoting stable money market conditions. It thereby provides support to a recovery in economic activity later in the year and in 2014. Looking ahead, our monetary policy stance will remain accommodative for as long as necessary. The Governing Council expects the key ECB interest rates to remain at present or lower levels for an extended period of time. This expectation is based on the overall subdued outlook for inflation extending into the medium term, given the broad-based weakness in the real economy and subdued monetary dynamics. In the period ahead, we will monitor all incoming information on economic and monetary developments and assess any impact on the outlook for price stability.

Let me now explain our assessment in greater detail, starting with the economic analysis. Real GDP declined by 0.3% in the first quarter of 2013, following a contraction of 0.6% in the last quarter of 2012. At the same time, labour market conditions remain weak. Recent developments in cyclical indicators, particularly those based on survey data, indicate some further improvement from low levels. Looking ahead to later in the year and to 2014, euro area export growth should benefit from a gradual recovery in global demand, while domestic demand should be supported by the accommodative monetary policy stance as well as the recent gains in real income owing to generally lower inflation. Furthermore, notwithstanding recent developments, the overall improvements in financial markets seen since last summer should work their way through to the real economy, as should the progress made in fiscal consolidation. This being said, the remaining necessary balance sheet adjustments in the public and private sectors will continue to weigh on economic activity. Overall, euro area economic activity should stabilise and recover in the course of the year, albeit at a subdued pace.

The risks surrounding the economic outlook for the euro area continue to be on the downside. The recent tightening of global money and financial market conditions and related uncertainties may have the potential to negatively affect economic conditions. Other downside risks include the possibility of weaker than expected domestic and global demand and slow or insufficient implementation of structural reforms in euro area countries.

As stated in previous months, annual inflation rates are expected to be subject to some volatility throughout the year owing particularly to base effects. According to Eurostat’s flash estimate, euro area annual HICP inflation was 1.6% in June 2013, up from 1.4% in May. This increase reflected an upward base effect relating to energy price developments twelve months earlier. However, underlying price pressures are expected to remain subdued over the medium term, reflecting the broad-based weakness in aggregate demand and the modest pace of the recovery. Medium-term inflation expectations remain firmly anchored in line with price stability.

The risks to the outlook for price developments are expected to be still broadly balanced over the medium term, with upside risks relating to stronger than expected increases in administered prices and indirect taxes, as well as higher commodity prices, and downside risks stemming from weaker than expected economic activity.

Turning to the monetary analysis, recent data confirm the subdued monetary and, in particular, credit dynamics. Annual growth in broad money (M3) decreased in May to 2.9%, from 3.2% in April. Moreover, annual growth in M1 decreased to 8.4% in May, from 8.7% in April. The annual rate of change of loans to the private sector remained negative. While the annual growth rate of loans to households (adjusted for loan sales and securitisation) remained at 0.3% in May, broadly unchanged since the turn of the year, the annual rate of change of loans to non-financial corporations (adjusted for loan sales and securitisation) weakened further to -2.1% in May, from -1.9% in April. As in April, strong monthly net redemptions in May were concentrated in short-term loans, possibly reflecting reduced demand for working capital against the background of weak order books in early spring. More generally, weak loan dynamics continue to reflect primarily the current stage of the business cycle, heightened credit risk and the ongoing adjustment of financial and non-financial sector balance sheets.

Since the summer of 2012 substantial progress has been made in improving the funding situation of banks and, in particular, in strengthening the domestic deposit base in a number of stressed countries. This has contributed to reducing reliance on Eurosystem funding, as reflected in the ongoing repayments of the three-year longer-term refinancing operations (LTROs). In order to ensure an adequate transmission of monetary policy to the financing conditions in euro area countries, it is essential that the fragmentation of euro area credit markets continues to decline further and that the resilience of banks is strengthened where needed. Further decisive steps for establishing a Banking Union will help to accomplish this objective. In particular, the future Single Supervisory Mechanism and a Single Resolution Mechanism are crucial elements for moving towards re-integrating the banking system and therefore require swift implementation.

To sum up, the economic analysis indicates that price developments should remain in line with price stability over the medium term. A cross-check with the signals from the monetary analysis confirms this picture.

With regard to other economic policies, the Governing Council notes the initiatives taken by the European Council of 27-28 June 2013 in the areas of youth unemployment, investment and financing of small and medium-sized enterprises, as well as the European Council’s endorsement of the country-specific recommendations of the 2013 European semester. The Governing Council stresses that implementation of these recommendations is essential to contribute to a sustainable recovery in the euro area. Moreover, the new European governance framework for fiscal and economic policies should be applied in a steadfast manner and much more determined efforts should be pursued to carry forward structural reforms to foster growth and employment. In this respect, the Governing Council deems it particularly important to target competitiveness and adjustment capacities in labour and product markets. Finally, the Governing Council welcomes the setting-out of a number of steps towards the completion of the Banking Union as moves in the right direction, but also urges that they be implemented swiftly.

We are now at your disposal for questions.

View the original article here

The Situation In Portugal Remains Volatile

REUTERS/Jose Manuel Ribeiro

Traders monitor the screens at a bank in Lisbon July 3, 2013. Portugal's benchmark PSI20 equity index tumbles 6.4 percent in massive volumes, hitting a near eight-month low, as the country's political crisis fuels fears that Lisbon's plan to exit an international bailout could derail. Portuguese banks are the most hit, with Banco Espirito Santo sinking 10 percent and Banco Comercial Portugues dropping 12.9 percent.

European stock markets are in the green today, recovering some of yesterday's losses.

Leading the way is Portugal, which tanked yesterday after the country's Finance Minister unexpectedly resigned over a dispute about austerity.

"The political crisis that’s unfolding in Portugal is a reminder that staying the course on fiscal consolidation and structural reform crucially depends on the ‘buy in’ of the politicians and the population at large," said Morgan Stanley's Daniele Antonucci. ". A U-turn in policy might perhaps be averted – as the situation is such that there’s little alternative to the current path – but the newsflow surely has become more negative."

"The risk is that, regardless of whether new elections can be avoided, political mistakes or a weaker political commitment might well result in a slower pace of adjustment," he continued. "In turn, this could complicate the upcoming Troika review, with the official lenders struggling to continue to depict Portugal as a ‘good student’, and perhaps delaying future loan tranche disbursements."

Until we get more clarity, we can probably expect more up-and-down volatility.

Here's a look at Portugal's PSI 20 today via Bloomberg:

View the original article here

MISS: ISM Services Index Falls And Misses Expectations

">Daniel Goodman / Business Insider

The June reading of the ISM non-manufacturing (aka services) index is out and it's a miss.

The headline number fell to 52.2 in June from 53.7 in May.

Economists were looking for a reading of 54.0.

Here's a look at the sub-indices:

Business Activity Index at 51.7%New Orders Index at 50.8%Employment Index at 54.7%

From the report:

"The NMI™ registered 52.2 percent in June, 1.5 percentage points lower than the 53.7 percent registered in May. This indicates continued growth at a slightly slower rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 51.7 percent, which is 4.8 percentage points lower than the 56.5 percent reported in May, reflecting growth for the 47th consecutive month. The New Orders Index decreased by 5.2 percentage points to 50.8 percent, and the Employment Index increased 4.6 percentage points to 54.7 percent, indicating growth in employment for the 11th consecutive month. The Prices Index increased 1.4 percentage points to 52.5 percent, indicating prices increased at a faster rate in June when compared to May. According to the NMI™, 14 non-manufacturing industries reported growth in June. Respondents' comments are mixed about business conditions depending upon the industry and company. The majority indicate that growth has been slow and incremental; however, it is still better year over year."

ISM

Click Here For Updates »

View the original article here

STOCKS RALLY: Here's What You Need To Know (DIA, SPY, QQQ)

Closing Bell, July 3, 2013 - Business InsiderFeaturedTrendingRecent Login Remember me I forgot username or password Login with Twitter Login with Facebook Login with LinkedIn Login with Google Register EventsBI IntelligenceTechFinancePoliticsStrategyLifeEntertainmentAll Tech Enterprise Science The 12 Most Offensive And Controversial Startups 15 Apps Everyone Is Talking About Right Now 10 Mind-Blowing Products Google Is Working On Right Now This Is The Incredible Cafe At Microsoft Where The Food Is Better Than... Microsoft's Big Re-Org Could Come Next Week With These Four Execs... Bill Gates Was A Huge Fan Of Xobni, The Email Startup That Yahoo Just... Microsoft Will Pay Ex-Windows Boss Steven Sinofsky For His Unvested... Microsoft's Close Ties With This Mobile App Development Startup Shows... 35 Science 'Facts' That Are Totally Wrong What America Will Look Like Under 25 Feet Of Seawater, Part 2 A Massive Whale Hunt On The Faroe Islands Turns The Sea Red Every Summer Your Testicles Have Taste Receptors Finance Markets Your Money Wealth Advisor The Sexiest Wall Streeters Alive An Ex-NYU Professor Was Arrested After Allegedly Sending Citi's Chief... Here's The Heleen Mees PhD Thesis That NYU Doesn't Want You To See The Saddest Gold Fund Investor Letter You Will Ever Read YIKES: There Goes The Euro JPMorgan Put Together The Ultimate Guide To The Market Right Now DEUTSCHE BANK: These Are The 33 Best Stocks You Can Buy Right Now The British Pound Is Plunging HUGE: White House Delaying Key Obamacare Provision For A Year These Are The Best And Worst Things To Buy In July Here's What Happens If You Don't Sign Up For Obamacare This Lottery Winner Is Becoming Our Favorite New Millionaire JPMorgan Put Together The Ultimate Guide To The Market Right Now The Saddest Gold Fund Investor Letter You Will Ever Read JEFF SAUT: This Is A Big Deal — A Major Second Half Risk Was Just... VANGUARD: Here Are 3 Reasons Why You Should Still Own Bonds Politics Military & Defense Law & Order MSNBC Just Had Its Most Dreadful Ratings Period In 6 Years OBAMA: I'm 'Deeply Concerned' By The Egyptian Military's Takeover HUGE: White House Delaying Key Obamacare Provision For A Year The Obama Administration's Excuse For Delaying The Obamacare Mandate Is... Egyptian Newspaper Has A Special Message For Obama On Its Front Page EGYPTIAN PRESIDENT OVERTHROWN BY MILITARY Here's The Moment Where Egyptian Security Forces Arrested Presenters And... Egypt Orders Mass Arrests Of Muslim Brotherhood Members George Zimmerman's Prosecutors Have Had A Huge Turnaround In His... Horrifying Video Is Just The Tip Of The Iceberg Of Cops Killing Dogs Former Professor Says He Taught George Zimmerman The Law He Claimed He... Dozens Of Skype Users Troll Witness Testifying At George Zimmerman Trial Strategy Careers Advertising Retail Small Business 12 Things That You Can Do That Are Guaranteed To Annoy Logical People The Most Connected Woman On LinkedIn Shares The Secret To Networking The 25 Most Desirable Employers For IT Graduates Humanities Grade Inflation Is Luring Away Millions Of Potential Scientists This Memory-Linking Technique Can Help You Remember Anyone's Name Former Dallas Cowboy Cheerleader Is The Go-To Designer For Breastaurants How To Really Listen To Others INSTANT MBA: If You're Not Deceived Regularly, You Don't Trust Enough... RANKED: The 30 Most Creative People In Social Media Marketing Here's What A Barbie Doll Would Look Like If She Had A Real Woman's... The TSA Is Instagramming Terrifying Objects People Wanted To Bring On... Newcastle Ale Is Trying To Invent A Pro-British, Anti-4th Of July Holiday RANKED: The 30 Most Creative People In Social Media Marketing Here's What A Barbie Doll Would Look Like If She Had A Real Woman's... The Broken Plus Size Industry Is On The Verge Of A Revolution If You Do These Things While Shopping, Retail Workers Probably Find You... The 12 Most Offensive And Controversial Startups Why It's Better To Sell A Startup For $20 Million Instead Of $200 Million Mehdi Yazdanpanah Has the Coolest Small Business In America Life Transportation 31 Reasons Why Everyone Who Lives In New York Should Actually Live In... The 50 Most American Americans Alive 34 Things Every New Yorker Should Do This Summer HOUSE OF THE DAY: Rapper Pharrell's Miami Penthouse Is Now Only $10.9... Two Jets Collided On A JFK Runway [PICTURE] My JetBlue Flight Was Going Perfectly... Until We Hit 10,000 Feet SUPERCAR FACE-OFF: McLaren MP4 12C Vs. Lamborghini Aventador Why Planes Can't Fly In Extreme Heat Entertainment Sports 12 Former Porn Stars Who Now Lead Boring, Normal Lives 21 Nearly Identical Pairs Of Movies That Came Out Around The Same Time Lou Reed's Review Of Kanye West's 'Yeezus' Is How All Music Reviews... 'Big Brother' Contestant Dropped From Modeling Agency After Making... The Most Sculpted Bodies At Wimbledon The 50 Most Influential People Behind The Scenes In Sports 20 American Athletes Who Only Americans Can Appreciate 17 Examples Of Michael Jordan's Insane Competitiveness Sections A-ZLatestAdvertisingCareersEnterpriseEntertainmentFinanceMarkets Law & OrderLifeMilitary & DefensePoliticsRetailScience Small BusinessSportsStrategyTechTransportation Wealth AdvisorYour MoneyYour NewsListsSilicon Alley 100Digital 100Silicon Valley 100Clusterstock 50The Most Important ChartsThe Life 50More »Sponsored SectionsThe Future of BusinessMonday Scouting ReportSmall Business, Big IdeasVideo RevolutionToolsHiveJob ListingsDocument CenterAccount PreferencesRegisterVideoMobileFull ArchivesAbout BIAboutJobs at BIMastheadContactAdvertiseContributors FAQLegal Fine PrintFollow BINewslettersAlertsRSSTwitterFacebookLinkedInGoogle+CompaniesAuthorsCategories From To You have successfully emailed the post. Markets More: Closing Bell STOCKS RALLY: Here's What You Need To Know Sam Ro Jul. 3, 2013, 1:00 PM 1,004 Tweet!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src="//platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");EmailShare on Tumblr

REUTERS/Mike Blake

U.S. sailors unravel a huge American flag across the field during opening day ceremonies before the San Diego Padres host the Los Angeles Dodgers in their MLB National League baseball game in San Diego, California, April 9, 2013.

It was a half-day in the stock market.

First, the scoreboard:

Dow: 14,988.5, +56.1, +0.3%S&P 500: 1,615.4, +1.3, +0.0%NASDAQ: 3,443.6, +10.2, +0.3%

And now, the top stories:

The U.S. stock markets opened in the red, then went straight up, but then slipped a bit into the 1:00 p.m. ET close.We got three big economic reports today.  First was the ADP employment survey, which showed that private companies added 188,000 jobs in June.  This was up from 134,000 in May.  It was also much better than the 150,000 expeted by economists. "The job market continues to gracefully navigate through the strongly blowing fiscal headwinds. Health Care Reform does not appear to be significantly hampering job growth, at least not so far," said Moody's Mark Zandi. "Job gains are broad based across industries and businesses of all sizes."Initial weekly jobless claims fell to 343,000 from 348,000 a week ago. This was a tad lower than the 345,000 expected by economists.  "Initial jobless claims continue their sub-350k readings, hinting that any near-term payroll weakness is temporary," tweeted Deutsche Bank's Joe LaVorgna.The June ISM services index was a bit mixed.  The headline number unexpectedly fell to 52.2 in June from 53.7 in May.  This was worse than the 54.0 expected by economists.  But on the bright side, the employment sub-index climbed 4.6 points to 54.7.The U.S. markets will be closed for Independence Day tomorrow.  But we'll be back on Friday. That's when we'll get the big June jobs report from the Bureau of Labor Statistics.Don't Miss: JPMorgan Put Together The Ultimate Guide To The Market Right Now » Follow Closing Bell and never miss an update! Get updates in your Facebooknews feed.

Get updates in your inbox.

  Industry Accounting Airlines/Aviation Alternative Dispute Resolution Alternative Medicine Animation Apparel & Fashion Architecture & Planning Arts and Crafts Automotive Aviation & Aerospace Banking Biotechnology Broadcast Media Building Materials Business Supplies and Equipment Capital Markets Chemicals Civic & Social Organization Civil Engineering Commercial Real Estate Computer & Network Security Computer Games Computer Hardware Computer Networking Computer Software Construction Consumer Electronics Consumer Goods Consumer Services Cosmetics Dairy Defense & Space Design Education Management E-Learning Electrical/Electronic Manufacturing Entertainment Environmental Services Events Services Executive Office Facilities Services Farming Financial Services Fine Art Fishery Food & Beverages Food Production Fund-Raising Furniture Gambling & Casinos Glass, Ceramics & Concrete Government Administration Government Relations Graphic Design Health, Wellness and Fitness Higher Education Hospital & Health Care Hospitality Human Resources Import and Export Individual & Family Services Industrial Automation Information Services Information Technology and Services Insurance International Affairs International Trade and Development Internet Investment Banking Investment Management Judiciary Law Enforcement Law Practice Legal Services Legislative Office Leisure, Travel & Tourism Libraries Logistics and Supply Chain Luxury Goods & Jewelry Machinery Management Consulting Maritime Marketing and Advertising Market Research Mechanical or Industrial Engineering Media Production Medical Devices Medical Practice Mental Health Care Military Mining & Metals Motion Pictures and Film Museums and Institutions Music Nanotechnology Newspapers Nonprofit Organization Management Oil & Energy Online Media Outsourcing/Offshoring Package/Freight Delivery Packaging and Containers Paper & Forest Products Performing Arts Pharmaceuticals Philanthropy Photography Plastics Political Organization Primary/Secondary Education Printing Professional Training & Coaching Program Development Public Policy Public Relations and Communications Public Safety Publishing Railroad Manufacture Ranching Real Estate Recreational Facilities and Services Religious Institutions Renewables & Environment Research Restaurants Retail Security and Investigations Semiconductors Shipbuilding Sporting Goods Sports Staffing and Recruiting Supermarkets Telecommunications Textiles Think Tanks Tobacco Translation and Localization Transportation/Trucking/Railroad Utilities Venture Capital & Private Equity Veterinary Warehousing Wholesale Wine and Spirits Wireless Writing and Editing Privacy Policy Please Note: Business Insider will never share your information with any other companies. You also have the ability to unsubscribe from these newsletters at any time simply by following the unsubscribe link located at the bottom of each email

To embed this post, copy the code below and paste into your website or blog.600px wide (preview)400px wide (preview) 300px wide (preview) Alerts Newsletter URL Recommended For You More: Closing Bell Get Alerts for these topics »

Sam Ro $('.icon-tooltip').tooltip(); CHART OF THE DAY: The Emerging Markets Have Been A Crummy Place To Invest For Years Advertisement:Join The Discussion OR Login With Facebook Login With Twitter Login With Google Submit the comment for Insider Status Comments Insiders0All Comments0 Apply To Be An "Insider" » Loading STOCKS RALLY: Here's What You Need To Know STOCKS RALLY: Here's What You Need To Know

See you on Friday.

AdvertisementGet Markets Emails & AlertsLearn More »IndustryAccountingAirlines/AviationAlternative Dispute ResolutionAlternative MedicineAnimationApparel & FashionArchitecture & PlanningArts and CraftsAutomotiveAviation & AerospaceBankingBiotechnologyBroadcast MediaBuilding MaterialsBusiness Supplies and EquipmentCapital MarketsChemicalsCivic & Social OrganizationCivil EngineeringCommercial Real EstateComputer & Network SecurityComputer GamesComputer HardwareComputer NetworkingComputer SoftwareConstructionConsumer ElectronicsConsumer GoodsConsumer ServicesCosmeticsDairyDefense & SpaceDesignEducation ManagementE-LearningElectrical/Electronic ManufacturingEntertainmentEnvironmental ServicesEvents ServicesExecutive OfficeFacilities ServicesFarmingFinancial ServicesFine ArtFisheryFood & BeveragesFood ProductionFund-RaisingFurnitureGambling & CasinosGlass, Ceramics & ConcreteGovernment AdministrationGovernment RelationsGraphic DesignHealth, Wellness and FitnessHigher EducationHospital & Health CareHospitalityHuman ResourcesImport and ExportIndividual & Family ServicesIndustrial AutomationInformation ServicesInformation Technology and ServicesInsuranceInternational AffairsInternational Trade and DevelopmentInternetInvestment BankingInvestment ManagementJudiciaryLaw EnforcementLaw PracticeLegal ServicesLegislative OfficeLeisure, Travel & TourismLibrariesLogistics and Supply ChainLuxury Goods & JewelryMachineryManagement ConsultingMaritimeMarketing and AdvertisingMarket ResearchMechanical or Industrial EngineeringMedia ProductionMedical DevicesMedical PracticeMental Health CareMilitaryMining & MetalsMotion Pictures and FilmMuseums and InstitutionsMusicNanotechnologyNewspapersNonprofit Organization ManagementOil & EnergyOnline MediaOutsourcing/OffshoringPackage/Freight DeliveryPackaging and ContainersPaper & Forest ProductsPerforming ArtsPharmaceuticalsPhilanthropyPhotographyPlasticsPolitical OrganizationPrimary/Secondary EducationPrintingProfessional Training & CoachingProgram DevelopmentPublic PolicyPublic Relations and CommunicationsPublic SafetyPublishingRailroad ManufactureRanchingReal EstateRecreational Facilities and ServicesReligious InstitutionsRenewables & EnvironmentResearchRestaurantsRetailSecurity and InvestigationsSemiconductorsShipbuildingSporting GoodsSportsStaffing and RecruitingSupermarketsTelecommunicationsTextilesThink TanksTobaccoTranslation and LocalizationTransportation/Trucking/RailroadUtilitiesVenture Capital & Private EquityVeterinaryWarehousingWholesaleWine and SpiritsWirelessWriting and EditingBusiness Insider SelectMoney Game Select10 Things Before the Opening BellMoney Game Chart Of The DayMonday Scouting ReportMoreFeaturedBusiness Insider SelectTechnologySAI SelectMobile InsightsScience SelectAdvertising SelectAdvertising: The BriefSocial Media InsightsFinanceFinancial Advisor InsightsClusterstock SelectMoney Game SelectYour Money SelectSmart InvestorMonday Scouting ReportWealth Advisor SelectLifestyleThe Wire SelectThe Life SelectSports Page SelectGetting There SelectManagementRetail SelectBreaking NewsWar Room SelectEnterprise SelectCareers SelectInstant MBAMarketing MondaysPolitics and MilitaryPolitics SelectMilitary SelectLaw & Order SelectTop 10 Things & ListsLists Select10 Things In Tech You Need To Know10 Things Before the Opening BellClosing BellCharts of the DaySAI Chart Of The DayMoney Game Chart Of The DaySports Page Chart Of The DayYour Money NASDAQ Composite 3,444 +10.27 (+0.299%) S&P 500 1,615 +1.33 (+0.082%) NYSE Composite 9,135 +0 (+0%) LinkedIn Login Hot: LinkedIn In your network

HUGE: White House Delaying Key Obamacare Provision For A Year

Why Local-Mobile Marketing Is Exploding

RANKED: The 30 Most Creative People In Social Media Marketing

Login with LinkedIn to see what your friends are reading on Business Insider.
Login with LinkedIn

No articles have recently been shared in your network.

More »

Welcome, !You are logged into FacebookSocial: Your Activity|These articles have been shared on your timeline. You can remove them here:OptionsNotify me when a story is shared.YesNo Welcome, ! You are logged in with Google Social: Your Activity| These articles have been added to your Google activity log. You can remove them here: Options Notify me when a story is shared. Yes No #America

How To Make An American Flag Out Of BaconSummer Can Be Crazy Fun In The CityHow Do You Stack Up To These Celebrity Golfers?TrendingThe Future Of Mobile

Life After Instagram: Opportunities In The Mobile Photo-Sharing EcosystemWhy Local-Mobile Marketing Is ExplodingInside The Rise Of Responsive Design And Its Pros And Cons As A Mobile StrategyHow Location-Based Services Are Transforming The Mobile IndustryAdvertisementIn partnership with Find A JobTech JobsMedia JobsFinance JobsC-Level JobsDesign JobsSales JobsSee All JobsThanks to our partners * Copyright © 2013 Business Insider, Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by YCharts Ad Serving by 24/7 Open AdStream Made in NYC

View the original article here