Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list says JP Miorgan was responsible for more than 99% of gold sales in the past three months ........ and the last two articles are about Lakshman Achuthan's (ECRI) continuing insistence the U.S. is in a recession.
- JPMorgan Accounts For 99.3% Of The COMEX Gold Sales In The Last Three Months (Tyler Durden, Zero Hedge) Hat tip to Dan Flemming. How do you spell manipulation? Need to monitor how much gold JPM buys in the next three months.
- What a floating currency gives and what it does not (Martin Wolf, Financial Times)
- The Austerity Delusion (Mark Blyth, Foreign Affairs) Available without subscription only before May 19.
- The Seductive Simplicity of a New Banking Bill (Peter Eavis, DealBook, The New York Times)
- Reply to Reinhart and Rogoff’s NYT Response to Critics (Warren Mosler, Mosler Economics) An offer of amnesty in return for intellectual honesty. Short article and to the point. See also this and this.
- Median Pay in U.S. Is Stagnant, but Low-Paid Workers Lose (Floyd Norris, The New York Times)
- Rules are power (Sell on the News, Macro Business)
- Intransigent Bundesbank: Mr Jens Weidmann’s surreptitious campaign to bring back the (greater) Deutsch Mark (Yanis Varoufakis) Hat tip to Naked Capitalism.
- LAKSHMAN ACHUTHAN: Yes, It's Possible To Be In A Recession With GDP Growth At 2.5% (Sam Ro, Business Insider)
- ACHUTHAN: Look At These Charts And Tell Me We're Not In Recession (Sam Ro, Business Insider)