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.
- Shadow Banking Is Hurting China’s Banks — And That’s a Good Thing (Paul Smith, Enterprising Investor) Hat tip to Michael Hartig, LinkedIn GEI discussion group. Smith thinks that shadow banking may disrupt China's inefficient central planning process for credit.
- China’s Exports Fall in Feb. Within Expectation: Ministry of Commerce (Caijing) Let's hope Alfred E. Neuman does not work for the Ministry of Commerce. See GEI News for more details.
- Euro-Area Factory Output Unexpectedly Falls, Led by Energy (Patrick Henry, Bloomberg) January output was down 0.2% from December vs. and expected increase of 0.5%. This not good news, to say the least. Everybody seems to be having growth problems except the U.S.. Divergences get corrected sooner or later.
Today there are 13 articles discussed 'behind the wall'.
The last four involve an extended discussion of some very unhelpful assertions by others that can be criticized for being incomplete and based on unstated assumptions that do not apply to the current economy.
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