Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list has fifteen fatal fallacies of financial fundamentalism ........ and the last article discussess economics and ethics.
- Fifteen fatal fallacies of financial fundamentalism: A disquisition on demand-side economics (William Vickery, Proceedings of the National Academy of Sciences of the U.S.) Hat tip to Roger Erickson. Facts not recognized by financial and political policy people. Paper was published 17 years ago!
- Revisiting the Budget Plague (Joe Firestone, New Economic Perspectives) Joe Firestone is a Global Economic Intersection contributor.
- Foreclosure Timelines Reach New Records (Daily Real Estate News, Realtor Mag) Longer and longer time to live rent free.
- A confusing expansion: the story of China’s Foreign Direct Investments in Africa (Bert Jacobs, vidc.org) Hat tip to Roger Erickson. Of China's "direct foreign investment", 80% ends up in tax havens and disappears from the record.
- Most likely market-bust scenario (Jeff Jubak, MSN Money)
- Cabin Life: Seeking Comfort When Tragedy Strikes (Justin A. Levine, Adirondack Almanack) Living off the grid is not isolated.
- You Know You Are In A Bubble When... (Joe Wiesenthal, Business Insider)
- Bowles dismisses 'flaws' in favorite debt study (Erik Wasson, The Hill) Hat tip to Roger Erickson. Bowles: "But the fact that adding more leverage to a company or a not-for-profit or a government’s balance sheet does increase, risk and therefore increases the return that somebody is going to expect on their capital, is absolutely a fact.” What an astoundingly ill-informed false equivalency.
- Is the Aussie Safe to Short? (Macro Man)
- Economists afraid of ethics? (Rumplestatskin, Macro Business) Rumplestatskin is Cameron J. Murray who has contributed to Global Economic Intersection.