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 24 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 included.

Included in the 14 articles Behind the Wall today are 4 on the California drought.

  • Israel Shows California No Need to Fret About Water Desalination (Alisa Odenheimer and James Nash, Bloomberg) See also article immediately above. Israel now gets about 25% of its 1.91 billion cubic meters of water from desalination. According to data from The USGS Water Science School, California uses about 41 billion cubic meters of fresh water per year, more than 20 times the Israeli usage (2005 data).
"I think it will turn out that it is very affordable compared to not having the water here in Southern California, particularly with the drought that we are facing."

Click on image for infographic at Contra Costa Times.
calif-water-usage

qe-trap

  • America in Decline? It’s a Matter of Choices, Not Fate (Robert J. Lieber, World Affairs) America "actually continues to possess far greater material strengths than commonly assumed," according to the author. Whether the people of the U.S. will make choices that result in capitalizing on those strengths is the real question.
  • Wall Street Landlords Buy Bad Loans for Cheaper Homes (Heather Perlberg and John Gittelsohn, Bloomberg) A new "vulture capitalism" venture has investor groups buying up bad mortgages so they can devour the carrion. after buying the mortgages they can foreclose and short circuit the court house auction step in acquiring properties on the cheap.
  • The Worst Ten-Letter Word (John Mauldin, Thoughts from the Frontline - Free subscription required.) John Mauldin has contributed to Global Economic Intersection. An excellent summary of data and thinking about inequality (wealth, income). John argues that the economy is now rewarding "knowledge workers" well while "goods-producing workers" have been losing ground. The implication (he doesn't actually use the following terms) is that our inequality problems arise because there is a structural imbalance in the labor force with a shortage of "brains" and surplus of "brawn".

income-growth-education

  • Pettis: Emerging markets crisis is GFC 2.0 (House and Holes, Macro Business) Unwise investment in many emerging market countries will come home to roost and a new phase of financial crisis will unfold. Pettis calls this the Great Financial Crisis 2.0. The outcome will be a global New Deal which will involve most obviously the U.S. and India, along with other countries which have been underinvested in infrastructure in recent decades. This is an excerpt from an article that Global Economic Intersection will be publishing within the next week or so.
  • FRFA may provide relief to product-starved US money markets (Walter Kurtz, Sober Look) Markets are starved for short-term low risk liquidity (see graph) and the full-allotment overnight reverse repurchase agreement facility (FRFA) that the Fed is about to implement as part of a mechanism to control short-term rates may actually provide stability and needed liquidity for financial markets. Aha! A high function utilization of the expanded Fed balance sheet.

commercial-paper-outstanding


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.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Why Long-Run Theories of Profit and Accumulation Fall Short
Brexit - Who Wins and Loses
News Blog
Most Read Articles Last Week Ending 22 April
GOP Healthcare Plan Would Cost The Poor And Old The Most
These Amazing Creative Animals Show Why Humans Are The Most Innovative Species Of All
Earnings And Economic Reports: Week Starting 24 April 2017
What Americans Think About Climate Change
What We Read Today 23 April 2017 - Special Public Edition
What We Read Today 23 April 2017
What Would A Civilization 1 Billion Years Older Than Us Be Like
Understanding The Downward Trend In Labor Income Shares
Why Renegotiating NAFTA Could Disrupt Supply Chains
Public Relations Nightmares
Catch Me If You Can
U.S. Consumer Debt Rises Overall, Housing Debt Drops
Investing Blog
Market And Sector Analysis 23 April 2017
Markets Rally As Expected
Opinion Blog
America's Gilded Age 2: On The Rocks
What Does The Strong Q1 Growth Mean For China?
Precious Metals Blog
Three Gold Plays For The New Era Of Chaos
Live Markets
21Apr2017 Market Close: US Stocks Slipped Moderately, WTI Crude Slips On Renewed Concerns Of Increasing U.S. Production, Industrial Businesses' Cash Outflows Concern Investors
Amazon Books & More






.... and 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