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.
Europe Stocks Drop for Second Week as Banks Fall to 16-Month Low (Namitha Jagadeesh and Jonathan Morgan, Bloomberg) In the longest losing streak in almost three months, the Stoxx Europe 600 Index lost 1.3% to 337.93 on above average volume. Biggest concerns: (1) ECB's (European Central Bank) bond-buying plans won’t be enough to shore up the economy; and (2) a U.S. employment report showed a drop in hourly earnings. Today’s decline brought the measure down 1% for the week.
2014 in Review: Best of the Silver Bullet Awards (Jeff Miller, A Dash of Insight) Jeff Miller writes a Sunday column which appears on GEI Investing, The Week Ahead. The award is named after the ammo of choice for that "truth seeker" of our youth, The Lone Ranger. In 2014 he named 11 award winners, two from articles posted at GEI (by Paul Kasriel and John Lounsbury). Early in 2014 there was a very widely distributed chart which compared the then current market to the top of 1929. Apparently many were taken in by the use of two different vertical axes scales to create a frightening but totally incorrect impression. This is one of the oldest "dirty tricks" in the book to make a point that is actually false. (Note: This specific award was made to articles not posted on GEI.) The chart on the left is the "false propaganda" and if you do not immediately see why it is misleading you better spend a little more time looking.
Consensus Oil Forecasts Expected Soon (Josh Brown, Twitter) Brown obtained an "inside picture" of the analysts' meeting.
Articles about events, conflicts and disease around the world
AirAsia Flight 8501
NSA / CIA
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