Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list describes the dramatic defense spending cuts in 4Q 2012........ and the last article is an assessment by Goldman Sachs that the fiscal woes are "less to worry about, but not out of the woods."
- Defense Spending Slides in Biggest Drop Since Vietnam (Nick Taborek and Brendan McGarry, Bloomberg Businesweek, 31 January) Hat tip to Rob Carter.
- The 4 New Defensive Strategies (Russ Koestrich, iShares Blog, Advisor Perspectives)
- Hoover, Smoot and Hawley reincarnated as Obama, Bowles and Simpson (Rodger Malcom Mitchell, Monetary Sovereignty) Rodger Malcolm Mitchell is a Global Economic Intersection contributor.
- Rats Communicate Through Brain Chips (Susan Young, MIT Technology Review, 28 February 2013) Perhaps we have a technique to establish communications between Democrats and Republicans? Hat tip to Sanjeev Kulkarni.
- Trading Week: Australian dollar breakdown? (Chris Becker,Macro Business) Comprehensive collection of charts.
- A country with bad political theater (Mike Lofgren, TheWashington Post)
- India headed for economic doom, prominent US thinktank says (The Times of India) Read the comprehensive research report from the Heritage Foundation. Hat tip to Sanjeev Kulkarni.
- In Voting Rights Arguments, Chief Justice Misconstrued Census Data (Nina Totenberg, NPR) OOOPS!
- Greece reclassified to 'emerging market' from developed (Louisa Peacock, The Telegraph) Hat tip to Naked Capitalism.
- The US Fiscal Debate: Less to Worry About, But Not Out of the Woods (Alec Phillips, Goldman Sachs) An overview of fiscal issues, sequestration, debt limits and the like from Goldman Sachs.