Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list discusses how giant banks have taken over the economy …….. and the last article is about research showing that conspiracy theorists display more rational and sane behavior than do those who argue for the concensus viewpoint.
- Giant Banks Take Over Real Economy As Well As Financial System … Enabling Manipulation On a Vast Scale (Washington’s Blog) Washington’s Blog contributes to Global Economic Intersection.
- Pipeline vs. Rail: Canada Oil Train Crash (EconMatters) EconMatters is a contributor to Global Economic Intersection. Article claims the accident shows the need for pipelines.
- The Full Power of Vice President Dick Cheney Is Only Now Becoming Clear (Michael Kelley, Business Insider)
- Dylan Ratigan: Barack Obama Is ‘Almost As Difficult’ For America As Bush (Daniel Goodman, Business Insider)
- Why is Everyone Freaking Out About Bonds? (The ArmoTrader, StockTwits)
Click on chart for much larger image.
- Chinese banks lend aggressively in early July, risking another crackdown (Lu Jianxin and Pete Sweeney, Reuters)
- Wells Fargo advisory biz reports record profits — but it’s mostly cost cutting (Andrew Osterland, Investment News) See also JPMorgan Chase and Wells Fargo Beat Estimates (Eddy Efelfenbein, Crossing Wall Street)
- Gasoline Futures Market Rises 45 Cents in 10 Days (EconMatters) EconMatters contributes to Global Economic Intersection.
- All Signs Point to a Sudden Change in Gold Prices (Michael Lombardi, Advisor Perspectives dshort.com) Michael Lomabrdi contributes to Global Economic Intersection.
- New studies: ‘Conspiracy theorists’ sane; government dupes crazy, hostile (Press TV) Hat tip to Russell Huntley. Studies by psychologists and political scientists find those who comment on the internet show surprising characteristics contrary to what have been common characterizations.
