Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list has perhaps the best fundamental assessment yet of Rienhart and Rogoff ........ and the last two articles are about Micahel Pettis' arguments for rebalancing in China.
- Fatal Sensitivity (James Kwak, The Baseline Scenario) Perhaps the best fundamental assessment yet of Rienhart and Rogoff.
- The $100 Billion Dollar Question (Andrew G. Haldane, Bank for International Settlements) More than regulation is needed to reduce systemic risks.
- Kansas's Self-Destruct Button: A Bill to Outlaw Sustainability (Tom Randall, Bloomberg) Hat tip to Roger Erickson. Does this sound like a joke? Does this sound like stupidity? It is neither. It is a bill sponsored by Rep. Dennis Hedke, R-Wichita, a contract geophysicist who works for 30 regional oil and gas companies. When the Topeka Capital-Journal asked him if he thought there was any conflict of interest, he said:
"I can't see why," Hedke said. "I didn't think about that. It really never crossed my mind. I'd probably just say no."
Only in America!
- Fannie: Housing Recovery 'More Robust' Than Anticipated (Daily Real Estate News, Realtor Mag)
- Bad Checks Strike Foreclosure Settlement Payouts (Daily Real Estate News, Realtor Mag)
- 401(k) Borrowing Increases, Mainly By Pre-Retirees (Donald Jay Korn, Financial Planning) One or more loans outsatnding for 19.2% of plan participants.
- Ric Edelman: Brokers Lying To Retail Muni-Bond Investors (Ted Knutson, Financial Advisor)
- Velkess flywheel technology promises cleaner, more efficient energy storage (Colin Dunjohn, gizmag)
- China’s Pettis moment (Kate MacKenzie, FT Alphaville) Read recent Pettis articles at Global Economic Inetersection on this, here and here.
- Pettis vs. Eslake (Micahel Pettis, Macro Business) Michael Pettis is a regular contributor to Global Economic Intersection. See next item above for more.