Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list is an article about Japan's demographics ........ and the last article attributes large scale unemployment to excessive rentier extraction from the economy.
- 3 key facts about Japan's deteriorating demographics (Sober Look) Three great graphics, did not want to select one over the others.
- ‘The near future of Iraq is dark’: Warning from Muqtada al-Sadr - the Shia cleric whose word is law to millions of his countrymen (Patrick Cockburn, The Independent) Hat tip to Roger Erickson.
- CHART OF THE DAY: Inflation Just Tumbled To Its Lowest Level In Almost 50 Years, Excluding The Crash (Steven Perlberg, Business Insider) See also John O'Donnell Chart of the Week.
- Back to Housing Bubbles (Nouriel Roubini, Project Syndicate)
- U.S. Housing Sector – Losing Ground? (Carl Tannenbaum, Northern Trust, Advisor Perspectives)
- Seniors Are Getting Systematically Screwed By How We Pay Social Security — And It's Been Happening For Years (Danny Vinik, Business Insider) It has to do with using the wrong inflation factor. CPI for the total population is less than CPI for seniors.
- JP Morgan manager challenges suspension in court (Independent.ie) Hat tip to Michael W. Hudson. Lesson: Never question the actions of a bankster.
- Kaldor on Economics without Equilibrium (Lord Keynes, Social Democracy for the 21st Century: A Post Keynsian Perspective) Hat tip to Steve Keen.
- Unemployment in the Age of Capital Abundance (Matt Busigin, Macrofugue Analytics) Here is the clearest explanation of our lagging employment yet. It is more than 90% due to rentier extraction from the real economy. This gives an entirely different view of who are the makers and who are the takers.