Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list is about the worst recovery ever ……… and the last two articles raise questions about Jack Lew, the nominee for Treasury Secretary.
- It’s Official: Worst. Recovery. EVER (Zero Hedge) Hat tip to Sig Silber.
- An Upbeat Forecast for Housing (Realtor Mag)
- Yen, Apple, Netflix and VIX (EconMatters) EconMatters is a frequent Global Economic Intersection contributor.
- S&P 500 Year-Over-Year EPS Growth (Barry Ritholtz, The Big Picture) Barry says so far so good with earnings, but can you see a pattern that has ominous historical comparisons?
- Money Cannot Buy Growth (Andy Xei, The Big Picture) Astounding mixture of good and bad thinking; take the thesis that the working class is not working because they prefer to be on the dole for starters. But then Xei surprises with suggesting we need make labor markets highly flexible and income redistribution efficient. He claims that expansionary monetary policy has failed to produce growth, but never questions the uses of the new money. Could it be the policy is correct and the implementation is ineffective? That question never comes up. Read this article and then think about it.
- Does The SEC Really Need Mary Jo White? (Melanie Rodier, Wall Street & Technology) Not all think White has the mentality of a regulator.
- Choice of Mary Jo White to Head SEC Puts Fox In Charge of Hen House (Matt Taibbi, Rolling Stone) Matt has a sordid story about White. See also this.
- The Dark Side of Thomas Jefferson (Henry Wiencek, Smithsonian.com) Also read this and this. Hat tip to Roger Erickson and Chuck Spinney.
- Is Jack Lew A Friend to Wall Street? (Michael Hirsh, National Journal)
- Treasury nominee Lew’s history with Citigroup raises questions (Jai Lynn Yang, The Washington Post) Hat tip to Roger Erickson.