Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list reports on the potential for replacing bulky, heavy batteries with capactitors ........ and the last article reviews the status of global current account imbalances today compared to the crisis year of 2008.
- Supercapacitors Amp Up as an Alternative to Batteries (Dave LaGesse, National Geographic) Hat tip to Derek Markham, Newsana. The solution to the bulk, weight and safety issues with batteries for electric cars may have a simple solution: No batteries.
- The Last Mystery of the Financial Crisis (Matt Taibbi, Rolling Stone) "It's long been suspected that ratings agencies like Moody's and Standard & Poor's helped trigger the meltdown. A new trove of embarrassing documents shows how they did it."
- What Determines the Return on Gold? (Yichuan Wang, Not Quite Noahpinion) It is not inflation as commonly thought. But vs. real interest rates there is a clear correlation. That is when you get paid to hold gold vs. money at interest.
- Mentally Challenged Man Stops GOP Sugar Mama Linda Orlans From Taking His Home (Steve Dibert, Mortgage Fraud Investigations - Miami) Hat tip to Roger Erickson. Read a case study of the rule of law and the fraudsters who handle the rules.
- Main danger is Fed contracts too early-Jackson Hole paper (Central Bank News) Peter Nielsen of Central Bank News contributes to Global Economic Intersection. See GEI News for another discussion of this paper.
- ObamaCare Staggers Toward the October 1 Finish Line (Lambert Strether, Naked Capitalism) Lambert Strether has contributed to Global Economic Intersection. See his recent disussion of Obamacare at GEI Opinion.
- Ripping Off Young America: The College-Loan Scandal (Matt Taibbi, Rolling Stone) "The federal government has made it easier than ever to borrow money for higher education - saddling a generation with crushing debts and inflating a bubble that could bring down the economy."
- Two proposals for dealing with the robot revolution (Fabius Maximus) Fabius Maximus has contributed to Global Economic Intersection.
- A Forensic Analysis of Global Imbalances (Menzie Chinn, Barry Eichengreen and Hiro Ito, NBER Working Paper No. 17513) Menzie Chinn and Barry Eichengreen have contributed to Global Economic Intersection. "The prospects for the world economy remain murky at best. Yet it is not too early to examine the question whether global imbalances, specifically large current account deficits and surpluses, were important causes of the financial crisis of 2008."