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.
Study: Vt. Should Allow VEDA to Be State Bank (Warren Johnston, Valley News) Hat tip to Public Banking Institute. The proposal is that the Vermont Economic Development Authority (VEDA) should be chartered to function as a state bank. To do so would add thousands of jobs in the state, save the state millions of dolars in interest costs and grow the state's economy by hundreds of millions of dollars. Link to the study report. Disclosure: The Econintersect Managing Editor was a paid intern at the Valley News when in high school.
But rentiers would rather cling to the entirety of the disproportional gain that deflation brings them. Most annoyingly, it's not because they necessarily want to consume more, but rather because they want to preserve the option to consume more if they so wish. That means the entire thing is mostly about psychology, status and social hierarchy.
Why the Recent Lift in Junior Miners Will Likely Continue (Frank Holmes, U.S. Global Investors) The S&P TSX Venture Composite appears to be approaching a very bullish signal. This composite is a resources-heavy index, with more than 80 percent of the holdings in the energy and materials sector.
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