What We Read Today 28 August 2013

August 28th, 2013
in econ_news, syndication

Econintersect: Click Read more >> below graphic to see today's list.

The top of today's reading list reports on a "foolish" plan to close Fannie and Freddie ........ and the last article is about the amazing collapse of the Indian rupee as Sanjeev Kulkarni eerily foresaw just two weeks ago on GEI Opinion.

Follow up:

  • Foreclosure Fiasco (David Dayen, The American Prospect) Doesn't everyone have the right to a day in court?



  • Has the Shale Bubble Already Burst? (Igor Alexeev, Naked Capitalism cross posted from Oil Price) "The average depletion rate of wells in the Bakken Formation (the largest tight oil play in the US) is reported to be 69 percent in the first year and 94 percent over the first five years (37 percent and 50 percent in the Barnett Formation)."
  • CHART OF THE DAY: The Indian Rupee Is Getting Absolutely Brutalized (Matthew Boesler, Business Insider) On 13 August Sanjeev Kulkarni wrote at GEI Opinion that simply on a comparative inflation basis the rupee should be 68 to the U.S. dollar. The exchange had been between 59 and 61 for three months, but now two weeks later it is suddenly within shouting distance of 68. It is reasonable that the value should overshoot, perhaps even go into the 70s. But Kulkarni thought that the neighborhood to settle in would be close to 68. Added note before posting: The rupee continued moving today and is at 68.80 as this "goes to press".


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