What We Read Today 30 December 2013

December 30th, 2013
in econ_news, syndication

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


The top of today's reading list is a debunking of the rational expectations theory for economic systems ........ and the tenth article compares the maasive amount of long-term unemployment today with past recoveries.  The bonus (11th article) is Bill Mitchell's dissection of the euro as an economic disaster.

Follow up:

  • Quote of the Day #3 (Peter Radford, Real-World Economics Review) Hat tip to Roger Erickson. Do not fail to read this one! It starts the discussion with "orthodox theory assumes that people react instantaneously, rationally, and completely to information they receive in the marketplace" and goes from there.
"Prices as much as 60% too high, according to Deutsche Bank."
  • The Bears' Case (John Rekenthaler, Morningstar) Does the red line below indicate stocks are overvalued or does the blue line suggest they are not?

us-corp-profits-1960-2013

Click on map for interactive version showing median rents at Priceonomics.
rental-costs-map

  • Watching Bitcoin, Dogecoin, Etc… (Brad DeLong, The Equitablog) Brad DeLong has contributed to Global Economic Intersection. DeLong asks a fundamental question: What backs the value of virtual money?

Unemployment-Long-Term-wapo-2013-dec-29

BONUS

euro-gdp-change-2008-2012















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