What We Read Today 23 May 2014

May 23rd, 2014
in econ_news, syndication

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.

  • Russia’s Oil Spills Dwarf Gulf Spill (Clare Delaney, EcoFriendlyLink) Hat tip to Roger Erickson. Author claims Russia spills 6x as much oil as BP's Deepwater Horizon spill in the Gulf of Mexico in 2010 every year. Delaney says remote spills of 30 million gallons are in relatively remote areas, unpublicized and not cleaned up, creating some environmental nightmares.

Follow up:

  • Gundlach: Golden Age of Housing Is Over (Janet Levaux, ThinkAdvisor) Bond guru Jeffrey Gundlach says he is surprised at the enthusiasm for single-family housing. He notes that "data is no better than they were at the so-called trough of the recession". Keith Jurow has been analyzing data and reaching the same conclusion for the past three years. See Keith's latest GEI Analysis article on the difficulties in CRE (commercial real estate) markets.
  • Minyanville’s Harrison: Online Media Model Is ‘Broken’ (Paul Vigna, MoneyBeat, The Wall Street Journal) After 13 years, Todd Harrison is putting Minyanville up for sale. He says the ad-based business model doesn't work and he wants to get his creation into hands that will pursue a different business model. Here is a great quote: "The Internet is the most deflationary invention of all time."

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