Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list has an article that compares the Dow (all-time high) with household income (decade-long low)........ and the last article is news from The Wall Street Journal that describes a big options trade Bank of America that Naked Capitalism says "doesn't pass the smell test."
- This is America, Now: The Dow Hits a Record High With Household Income at a Decade Low (Matt Phillips, The Atlantic)
- De-Extinction: Can Cloning Bring Extinct Species Back to Life? (John R. Platt, Scientific American)
- CHART OF THE DAY: A Stock Market Trend Has Developed That Coincided With The Last 3 Recessions (Sam Ro, Business Insider) Eventually ECRI will be correct.
- Why Central Planning Fails (Bill Bonner, The Daily Reckoning)
- Our Only Real Goal is Operational Agility (Roger Erickson, Open Operations Forum) Roger Erickson is a contrbutor to Global Economic Intersection.
- Fracking is starting to devour the US economy (Matt Phillips, Quartz)
- Is financial risk becoming excessive again? (Gavyn Davies, Financial Times) Free registration required for access.
- A question of spin for the new boson (R&D Magazine) Last year's discovery is looking more and more like a Higgs boson. See GEI News articles from 2012.
- People Writing for Free on the Internet Is an Enormous Boon to Society (Matthew Iglesias, Slate)
- BofA Times an Options Trade Well (John Carreyrou, Kaitlyn Kiernan and Tom McGinty, The Wall Street Journal) Here is what Naked Capitalism had to say: "In my day (1980s) this never would have passed the smell test. The institution would have fired everyone within hailing distance of this trade and groveled to the SEC. Now no one bats an eye at this sort of chicanery (yes, we’ll have a little media consternation but let’s see how much the SEC does about it, and to what level of person if it does rouse itself)."