What We Read Today 05 February 2013

February 5th, 2013
in econ_news, syndication

Econintersect: Click Read more >> below graphic to see today's list.

The top of today's reading list is an article that says house flippers will stop the housing recovery ......... and the last story is is about a school district can make a $22 million loan turn into $154 million of repayment.

Follow up:

  • The next supermodel (The Economist)  The best political economic model today comes from the Nordic countries.  Hat tip to Russell Huntley.
  • The Master Meme (James Howard Kunstler, Clusterfuck Nation)  You can be sure that when a nation is led by the reality-deficient, unhappy outcomes are a sure thing.
  • School districts pay dearly for bonds (Trey Bundy and Shane Shifflett, San Fransisco Chronicle)  Lenders are not gouging.  Actually they are only getting about 5% average annual interest.  The problem lies in balloon payments with interest payment deferral and 40-year pay-off schedules which makes a $22 million loan eventually cost $154 million.  Hat tip to Public Banking.

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