Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list discusses the problems with “chronic” Lyme disease …….. and the last article is about the decline of U.S. manufacturing employment to levels last seen just before and after the second world war whn the U.S. population was less than half what it is today..
- When the ‘cure’ doesn’t end the pain (Beth Daley, The Boston Globe) Hat tip to Russell Huntley. “Some Lyme disease patients have symptoms that can linger for years despite standard treatment. Scientists are puzzling over how that can be.” Global Economic Intersection has covered this disease extensively. See the following articles:
- China Is Not A Western Economy And Western “Reforms” Will Destroy It (Marshall Auerback, PineTree Capital) Hat tip to Roger Erickson. Marshall Auerback has contributed to Global Economic Intersection. See also New York Times article.
- Mortgage refinance boom ending (Sober Look) The refi gravy train is coming to a stop. This has been a big earnings booster for banks. And mortgage applications overall are sufferng a “brutal decline” since May, according to Yves Smith at Naked Capitalism.
- Asia’s Biggest Yield Jump Threatens Singh Goals: India Credit (Shikhar Balwani and Kartik Goyal , Bloomberg) See also Sanjeev Kulkarni GEI Opinion article.
- Are Reverse Mortgages a Fonzi Scheme? (Jerry Kronenberg, TheStreet.com)
- Is Economics More Like History Than Physics? (Jag Bhalla, Scientific American)
- What Do Outsized Bond Yield % Increases Mean? (Barry Ritholtz, The Big Picture) The following graph is nice but the title question isn’t really addressed.
Click on graph for larger image at The Big Picture.
- Everyone knows politicians lie. Why don’t reporters say so? (Oliver Knox, Yahoo! News)
- What If What You ’Survived’ Wasn’t Cancer? (Virginia Postrel, Bloomberg)
- The Plight of American Manufacturing (Richard McCormack, The American Prospect) Hat tip to Dan Flemming. Econintersect has obtained the following graph from the St. Louis Fed to look at while reading this article.
The U.S. last had the current number of manufacturing jobs after the post-war recession of 1945 (when the U.S. population was 140 million) and in 1941 (U.S. population 133 million).
