Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list says another financial crisis is probable and will be worse than the last one ........ and the last article is about Patrick Chanovec's views on China's credit crunch crisis.
- The world is still being held hostage by its rotten banks (John Plender, Financial Times) Another financial crisis is probable and it would be much more damaging to the global economy.
- Yanis Varoufakis: The Death of Direct Bank Re-capitalisation: Europe’s (Newest) Day of Shame (Naked Capitalism)
- Fed Tapering Won’t Cause a Bond Market Armageddon (Russ Koesterich, Advisor Perspectives)
- What America will look like with immigration reform—and without it (Tim Fernholz and Ritchie King, Quartz)
- U.S. Weighs Doubling Leverage Standard for Biggest Banks (Yalman Onaran, Bloomberg)
- James Bullard: This is why I dissented at the Fed meeting this week (Neil Irwin and Ylan Q. Mui, The Washington Post)
- How Austerity Has Failed (Martin Wolf, The New York Review of Books)
- GCHQ intercepted foreign politicians' communications at G20 summits (Ewen MacAskill, Nick Davies, Nick Hopkins, Julian Borger and James Ball, The Guardian) Hat tip to Rob Carter.
- Does Math Exist or Is It a Human Creation? (Barry Ritholtz, The Big Picture) The title might make more sense if it included "in nature" or "naturally" (Does Math Exist Naturally or...) but this is an great discussion with or without the extra word.