Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list has an article claiming that virtually all big bank profits come from subsidies and bailouts........ and the last article is a report from Fannie Mae economists who maintain the housing market is in a sustained recovery.
- Virtually ALL of the Big Banks’ Profits Come from Taxpayer Bailouts and Subsidies (Washington's Blog) Washington's Blog is a Global Economic Intersection contributor.
- Pinocchio traders with fantastic returns are lying to themselves (Barry Ritholtz, The Washington Post)
- Russian meteor blast heard around the world (David Szondy, gizmag)
- The Coming Water Wars ( Doug Hornig and Alex Daley, Casey Research, Credit Writedowns)
- Step Inside the Real World of Compulsive Hoarders (Feris Jabr, Scientific American)
- 'Argo' Is Great, but 52 Former American Hostages Are Still Looking for Justice (Jill Lawrence, National Journal, 25 February 2013)
- Half of Detroit property owners don't pay taxes (Christine MacDonald and Mike Wilkinson, The Detroit News, 21 February 2013) Hat tip to Naked Capitalism.
- How To Find The Right Dividend ETF (Michael Johnston, Financial Advisor)
- IRA Investment Pitfalls (Natalie Choate, Morningstar Advisor) Free account registration required. See also Avoiding IRA Beneficiary Mistakes.
- Amid Fiscal Policy Uncertainty, Economic Activity Continues to Underperform (Doug Duncan, Orawin T. Velz, and Richard A. Koss, Fannie Mae, Economic and Strategic Research, 12 December 2012) "Housing is on a sustained growth path."