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.
Japan govt approves $29 billion stimulus spending, impact in doubt (Reuters) Japan's government approved on Saturday stimulus spending worth $29 billion aimed at helping the country's lagging regions and households with subsidies, merchandise vouchers and other steps, but analysts are skeptical about how much it can spur growth.
Families, relatives tense after AirAsia plane carrying 162 disappears (Associated Press, Fox News) Another airplane from Malaysia has mysteriously gone missing during a flight over Indonesia. AirAsia Flight 8501 from Surabaya, Indonesia to Singapore lost contact with air traffic controllers at 6:24 am local time Saturday 27 December 2014. A total of 162 (155 passengers) were aboard the Airbus A320-200. More on the reading list below.
What Professional Investors Expect in 2015 (Lindsey Gellman, The Wall Street Journal) "Experts" quoted question the progression of global deflation and expect the opposite, with a stronger dollar and rising interest rates, although there is a disagreement about whether in 2015 or 2016. The opinions mostly expect modest equity returns in 2015 although there is a lot of enthusiasm for energy stocks. There is little doom and gloom here, but also no "back up the truck" sentiment either.
Big questions for markets for 2015 (Sinead Carew, Reuters) Rather disappointing on substantial information, but there are a few items worth mentioning. First, some may not be aware that the NASDAQ Composite is only 7% below its all-time high of 5,132.52 (10 March 2000). Sources used expect Apple to have another up year but gains should be modest. The article suggests that Apple, now valued at $663 billion, could be the first company to achieve a $1 trillion valuation (although presumably not in 2015). The article mentions the expectation that technology glitches will produce more flash crash events and sources are warning investors to be wary of the biotech sector which they think is overvalued.
Articles about events, conflicts and disease around the world
AsiaAir Flight 8501
Race Relations and Related News
NSA / CIA
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