Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list reports on the significance of the execution of Jang Sung-taek in North Korea ........ and the tenth article describes the unfortunate timing of flows into and out of equity mutual funds. The bonus (11th article) concerns the bad science over the years regarding Easter Island.
- Jang's execution bodes ill for China (Ching Cheong, The Straits Times) Hat tip to Roger Erickson.
- This 100-year-old deal birthed the modern phone system. And it’s all about to end. (Brian Fung, The Washington Post) Great history of the telephone industry.
- After Obamacare (Phillip Longman and Paul S. Hewitt, Washington Monthly) Obamacare doesn't correct the lack of free markets for medicine.
- Star-spangled spenders (The Economist)
- Fake Knee Surgery as Good as Real Procedure, Study Finds (Joseph Walker, The Wall Street Journal)
- The Greenback Bull Market Is Coming (Suzanne McGee, Credit Suisse, The Financialist)
- 10 Lessons for investors from 2013 (Investment News) Five lessons to remember and five lessons to unlearn.
- Seven Things the Do-Nothing Congress Did (Ben Jacobs, The Daily Beast)
- The Rise Of Long-Term Thinking (Felix Salmon, Seeking Alpha) Yes, mutual fund investors are returning to stocks again, but look at all the outflows during the recent historic bull market. Market timing nightmare!
- Pretty propaganda: the eco-fable of Easter Island (Fabius Maximus) Fabius Maximus has contributed to Global Economic Intersection. This discusses a how Eco-propagandists propagated early myths about poor ecological management leading to the sparsely populated poor island that exists today. Recent research has found the myths have no basis in fact. Watch the following National Geographic video which documents what the true facts as research has currently determined them to be and what the latest theories are regarding Easter Island.