Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list explains why buying last year's top performing mutual fund is often not a good idea ........ and the last article is about European problems being "papered over" by authoritarian actions.
- Chasing the Winners (Stan Luxenburg, Wealth Management) It's not a good idea.
- Banks Outbidding Private Equity Funds at Foreclosures, Believing They Can Beat Them at the Pump and Dump Game (Yves Smith , Naked Capitalism) Yves Smith has contributed to Global Economic Intersection.
- Going to Seed: Climate Change Could Spark Small Mammal Invasion (Henry Gass, Scientific American)
- Ageing demographics to crunch global growth (Leith van Onselen, Macro Business) Leith van Onslelen has contributed to Global Economic Intersection.
- Blinded By Optimism, German Economy Now Below Stall Speed (Wolf Richter, Testosterone Pit)
- Economists looked even closer at Reinhart and Rogoff’s data—and the results might surprise you (Miles Kimball and Yichuan Wang, Quartz) Hat tip to The Big Picture. "But the bottom line ... Reinhart and Rogoff data do not back up the argument that debt has a negative effect on economic growth."
- Let's Consider Kate (John Lancaster, London Review of Books) "Wheeling and dealing within the banking sector is thriving as much as it ever has."
- Robotic bees to pollinate Monsanto crops (Russ McSpadden, scott.net) Hat tip to Russell Huntley. Swarms of tiny robot bees can pollinate plants when they are not tied up with military drone missions.
- iShares’ Claims Make Me Nervous (Paul Amery, IndexUniverse.eu) Hat tip to Izabella Kaminska. The argument that ETFs increase liquidity is bogus. How can they be more liquid than the underlying assets?
- Yanis Varoufakis: Europe Resorts to Authoritarianism to Paper Over Banking and Austerity Failures (Yves Smith and Yanis Varoufakis, Naked Capitalism)