Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list discusses using momentum factors to enhance asset allocaton …….. and the last article shows why QE hasn’t improved employment.
- Can Relative Strength Enhance Asset Allocation? (Elliot M. Kass, Financial Planning)
- The ObamaCare Rollout, Organizational Dysfunction, and Public Relations in the Administration (Lambert Strether, Naked Capitalism) Lambert Strether has contributed to Global Economic Intersection. This is a line-by-line and day-by-day documentation of the duplicitous screw-up and cover-up of the ACA roll-out.
- The United States of Confusion and Disorder (Franklin C. Spinney, CounterPunch) Hat tip to Roger Erickson)
- CHART OF THE DAY: Here’s A Sign That Stock Market Investors Are Totally Nuts (Sam Ro, Business Insider) What’s wrong with this picture?
- CHART OF THE DAY: The Not-So-Great Rotation Out Of Stocks (Sam Ro, Business Insider) The chart is not so great (unusual for Sam Ro) but the discussion is. There is an underlying investing pressure favoring long-term bonds that is notgenerally recognized.
- 4 Reasons Japan Could Continue to be the Land of the Rising Stock Market (Russ Koesterich, iShares Blog)
- History rhymes in US housing echo bubble (Unconventional Economist, Macro Business) Some markets are in a new bubble (“echo bubble”) and others are not. The following graph was annotated by Econontersect.
- Heading toward a Cliff (Andy Xie, The Big Picture)
The global economy is likely experiencing a bigger bubble than the one that unleashed the 2008 crisis, and should it burst the ensuing recession would be mammoth.
- Mixed Results (George Packer, The New Yorker) Is inequality gaining traction with voters?
- Leash the Dogma (John Hussman, Hussman Funds) Hat tip to Sig Silber. This report contains some of the most damning empirical evidence about the misdirection of monetary policy.