What We Read Today 02 April 2013

April 2nd, 2013
in econ_news

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

The top of today's reading list reveals just how extractive the Cyprus rescue was ........ and the last article says the euro is equivalent to a gold standard without the gold.

Follow up:

  • Pop Quiz: How Big Is the Bailout Of Cyprus? (Antonis Polemitus, Ledra Capital)  Hat tip to Naked Capitalism.  The Cyprus "bail-out" was actually a "bail-in" (term Econintersect first saw used by Edward Harrison of Credit Wrtitedowns).  Final bottom line was an extraction from Cyprus of several billion dollars rather than a provision of any money to the nation.  On a percapita or proportinal scale against GDP, the U.S. would have experienced an extraction somewhere between $4 trillion and $8 trillion depending on which numbers provided by  Antonis Polemitus are used.
  • KRUGMAN: David Stockman Is Just A Cranky Old Man (Joe Weisenthal, Business Insider)  If Joe Weisenthal has captured all that Krugman has to say in this "debate", the professor is disappointingly brief and dismissive.  See previous article.
  • Say It With Me: Correlation ≠ Causation (Invictus, The Big Picture)  Huge smackdown of two big names who violated some very basic rules of research, not the least of which was to test alternative hypotheses for what they observe to compare to the one they propose to be fact.  And this is the way we are supposed to make informed economic decisions?

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved