econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



>> Click Here for Historical Wall Post Listing <<

What We Read Today 12 February 2014

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.

There are ten more articles listed, summarized and/or excerpted 'behind the wall'.

business-cycle-Hof-Schire-Fidelity-2014-feb

People keep asking why no senior executive has gone to jail for the misdeeds that produced the financial crisis-and cost the United States more than $6 trillion, or $50,000 per household, in lost economic output. The usual answers are that no one did anything wrong (oh, come on) or, more realistically, that it's too hard to convict individuals in complex financial fraud cases.

At the same time, however, the U.S. Attorney's office for the Southern District of New York-the district that includes Wall Street-has amassed a 79-0 record in insider trading cases...

Now, despite the 79-0 record (which includes guilty pleas), insider trading is not necessarily the easiest thing in the world to prove, especially in a criminal action. Insider trading is a violation of SEC Rule 10b-5 ...

Now guess what? Rule 10b-5 is also one of the ways to go after someone for the kind of securities fraud that helped produce the financial crisis.

So the only difference is that insider trading is done by guys with less political power and influence than banksters who break the same fraud laws?

Wu Jinglian, an 84-year-old scholar whose views often clash with those of the country's leaders, told fellow economists at a forum in Beijing on Monday that the government had to deal with the rise of "dead companies'' - state-owned enterprises with high debt levels that depended on subsidies to survive.

  • CBO's Deficit Projections (James Hamilton, Econbrowser) James Hamilton contributes to Global Economic Intersection. The declining deficits are unsustainable according to Prof. Hamilton and must start rising again with current policies.

CBO-spending-projections

  • Toward a Simpler Palate (Adam Butler, Mike Philbrick and Rodrigo Gordillo, Gestalt U) Hat tip to Doug Short, Advisor Perspectives. Adam Butler and Mike Philbrick have contributed to Global Economic Intersection. Maturing from complex models toward "simplicity and coherence" is the authors' formula.
So, for today, taper isn't tightening. It's hot money risk on and yesterday's EM crisis is today's buying opportunity. Let's see what happens as more taper actually transpires.
Clearly the traditional unemployment rate benchmarks are inadequate. The "activity" measures such as participation are driven by multiple factors, some of which are not directly related to the health of the economy.

employment-participation-sober-look-2014-feb-11


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.






Econintersect Behind the Wall









search_box
Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.







Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

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

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  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 - 2017 Econintersect LLC - all rights reserved