Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
- China’s Internet Giants Lead in Online Finance (John Watling, The Financialist) Business Insider said: "China Is Reinventing Online Payments Systems To Serve The E-Consumer Worried About Getting Fleeced." A cryptic summary of what is going on might be "cached cash". The process involves the use of escrow. While presented as new this process is essentially how U.S. credit card companies have operated for years.
- Cost of Not Going to College May Outpace Tuition Rates (Collen Casey, Wall St. Cheat Sheet) College costs may be increasing but the differentiation in earning between college graduates and those not attending college is growing even faster. See also a recent 'reading list' article by Yves Smith plus a GEI Analysis article by Charles Hugh Smith.
- Worsening U.S. Divorce Rate Points to Improving Economy (Steve Matthews, Bloomberg) Hat tip to Sig Silber. Divorce rate is up: Happy times are here again!
- Poll: Will Bitcoin Be a Viable Alternative Currency in Five Years? (Ron Rimkus, Enterprising Investor, CFA Institute) Hat tip to Michael Hartig, MBA, Global Economic Intersection Group, LinkedIn) More than 3 out of 4 of Chartered Financial Analysts (CFAs) polled say there is no future for bitcoin.
Today the focus 'behind the wall' is on gold. There are 13 articles discussed.
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