Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list has Kate Mackenzie at the Financial Times wondering what is supporting over-leverage in China …….. and the last article wonders what the effect will be of smart women not having children.
- What’s supporting China’s stressed borrowers, and their banks? (Kate Mackenzie, FTAlphaville)
- Currency Wars and the Fall of Empires (Frances Coppola, Piera) Frances Coppola has contributed to Global Economic Intersection.
- The Fed’s Balance Sheet (Scott Minerd, Gugenheim Partners, Advisor Perspectives)
- The Key to Creating Value in Business (Gideon Rosenblatt, The Vital Edge, 16 May 2013) Hat tip to Newsana. Econintersect comment: Great value fundamentally has little direct relationship to financial engineering. Great value is all about service to customers, not about extraction of great wealth from those customers. Plutocracy emphasizes the latter and meritocracy emphasizes the former. Wealth achieved via meritocracy is a great social good; wealth created via plutocracy is a great social burden.
- A Real Stimulus For Japan (Satish Tandon, The Globalist)
- CHART OF THE DAY: Asia Has A Bad Track Record Of Hot Economies That Quickly Spiral Into Financial Crisis (Sam Ro, Business Insider) “Asia Has A Bad Track Record Of Hot Economies That Quickly Spiral Into Financial Crisis.”
- The Pay is Too Damn Low (James Surowiecki, The New Yorker) The reason low-wage work has become a political issue is not that the jobs have changed. It’s that the people doing the jobs have…
- Twitter Feed from Michael McDonough, Global Head of Economics/Chief Economist at Bloomberg LP in Core Product. Which of these things is not like the other? How can they be direct opposites?
- Wall Street in 2013 Stokes Misty Memories of 1982 (Michael Santoli, Yahoo! Finance)
- Should we care that smart women aren’t having kids? (Sadhbh Walshe, The Guardian) Hat tip to Russell Huntley. Does this imply there will be fewer smart women (as well as men) in the future?
