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 accepted.
How Occupy Wall Street Won In One Chart (Linnette Lopez, Business Insider) Before Occupy Wall Street income inequality wasn't on the top five list at Davos. Starting with 2012 it has held the number one spot.
Will the Fed reverse taper on inflation? (Houses and Holes, Macro Business) What would a reverse taper be called? A "repat"? Inflation inflation continues a down trend and, although growth has been improving, surprises in growth data compared to expectations have remained to the downside.
Bubble Valuation Blues; GMO 7-Year Outlook for U.S. Stocks is Negative (Mike Shedlock, MISH's Global Economic Trend Analysis) This analysis says that U.S. large caps will lose 12.5 over the next 7 years (adjusted for inflation) and small caps will lose 40%. U.S. inflation was assumed to average 2.2% over the seven years. There will be a little refuge from loss in bonds, as well as U.S. "high quality" stocks. For higher returns, GMO suggests buying timber.
James Galbraith on the Predator State and national solvency (YouTube) James Galbraith has contributed to Global Economic Intersection. Professor Galbraith's interview is divided into two sections. The first lasts for 7 1/2 minutes. That is followed by a break with other material lasting 3 1/2 minutes. The entire program can be viewed clicking on the video image below. The start of the first section can be picked up by clicking here. The start of the second section at 16:10 can be picked up here.
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