>> Click Here for Historical Wall Post Listing <<
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.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
Every day most of this column ("What We Read Today") is available only to GEI members.
To become a GEI Member simply subscribe to our FREE daily newsletter.
The rest of this post is available only the GEI Members. Membership is FREE - click here.
Articles about events, conflicts and disease around the world
States With Tighter Gun Control Laws Have Fewer Gun Deaths (Chris Kirk, Slate) The data compiled by The Law Center to Prevent Gun Violence cannot be used to prove that tighter gun kaws produce a lower rate of gun deaths because correlation does not prove causation. But correlation can prove a negative to causation. In this case the correlation proves that there is no basis in fact to support the theories that more guns and/or less regulation will reduce gun deaths. Also, there is an indication in the data that not all states have the same gun regulation needs. This is evidenced by two outliers, Vermont and South Dakota, with a low level of gun control and a low gun death rate.
Market history is calling, and it's saying stock performance will be crappy for another ~10 years (Henry Blodget, Business Insider) Stock performance has been weak for the past 15 years. If history is a guide, it's likely to stay weak for at least another 10 years. Why? Because stocks are still fantastically expensive relative to most of recorded history. And in the past, when stocks have been this expensive — or close to this expensive — performance over the next decade has been lousy. Econintersect: In addition, as others have pointed out, past bear markets have not been exitted without a bottom in PE ratio in single digits. The 13x in 2009 is quite away above the historical mark. With extraordinary monetary policy (ZIRP - zero interest rate policy) the theoretical "fair" valuation of stocks based on the "risk-free" return available has been elevated. But when interest rates return to more customary levels the valuation formulas for stocks will produce much lower "fair value" PEs and that is when the bottom of the current bear market may be reached.
Other Economics and Business Items of Note and Miscellanea
Econintersect Behind the Wall
|.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet|
|Asia / Pacific|
|Middle East / Africa|
This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved