What We Read Today 07 September 2014

September 7th, 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 (and sometimes longer ones) 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.

  • The European Central Bank whips out the big guns (Sabri Ben-Achour, Market Place) Hat tip to Ian R. Campbell, GEI Discussion Group, LinkedIn. Ben-Achour sees the ECB move to deeper negative interest rates and increased purchase of ABS (asset backed securities) having three effects: (1) weakening the euro vs. the U.S. dollar; (2) increasing the attractiveness of U.S. bonds and equities; and (3) increased competitiveness for European exports. See also next article.

Follow up:

  • Mario Draghi’s feeble attempt to save the eurozone is bound to fail (Allister Heath, The Telegraph) Hat tip to Ian R. Campbell, GEI Discussion Group, LinkedIn. Heath says the interest rate change paid by the ECB on deposits by banks from -0.1% to -0.2% will have no significant effect on the economy and the increased purchases of ABS (asset backed securities) is insufficient in extent by far. This is coming from a writer who feels the "entire euro construct is deeply defective, an edifice that is doomed, in time, to fail with disastrous consequences." But he does feel that the patient could be made more comfortable in its final years rather than repeat the money supply collapse of the Great Depression of the 1930s. Heath quotes Milton Friedman and Anna Schwartz. There is more about ECB action and impacts on the U.S. 'behind the wall'.
  • Recent articles about Ferguson:

New Michael Brown Shooting Witness Comes Forward (Alana Horowitz, Huffington Post)

  • Articles about wars elsewhere in the world:

Nigeria: Officials Reassure as Extremists Rampage (Haruna Umar and Michelle Faul, Associated Press, abc News)

Foreign Ministry proposes international force in Gaza, favors EU troops (Barak Ravid, Haaretz)

Al-Shabaab names successor to slain leader; Somalia on high alert (Faith Karimi, Omar Nor and Jason Hanna, CNN)

US and Syrian Airstrikes Hit Islamic State Targets in Iraq and Syria (Liz Fields, Vice News)

Syrian strikes on Islamic State stronghold kill 25 (Diaa Hadid, Associated Press, MSN News)

ISIS Combines Gangsterism, Militarism, Propaganda and Sophisticated Economics (Morris Bechloss, The Desert Sun)

US launches new airstrikes against ISIS in western Iraq (Fox News)

Ukraine crisis: Shelling near Mariupol threatens truce (BBC News)

There are 13 articles discussed today 'behind the wall'.

This week we have started a new section "Other Economics and Business Items of Note", the final section every day.

Please support all that we do at Global Economic Intersection with a subscription to our premium content 'behind the wall'.

There are between 75 and 100 articles reviewed most weeks. That is in addition to the 140-160 articles of free content we provide.

You get a full year for only $25.

The rest of the post is for our premium content subscribers - Click here to continue reading. If you have forgotten your login or password - send an email to info at econintersect.com.


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved