Econintersect: Below we are reposting what we had ‘behind the wall’ 01 February in our premium content section of the daily feature “What We Read Today”. Every week Econintersect posts more than 150 articles which are available at no charge. In order to continue this high level of service we must find additional sources of revenue to support the level of staffing necessary. Every week there will be an additional 70-80 articles published elsewhere that we will list, abstract and summarize in varying extent ‘behind the wall’.
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And now, as promised, this is what you missed three weeks ago:
What We Read Today 27 January 2014
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 of why each item has gotten our attention. Suggestions from readers for “reading list” items are gratefully reviewed, although sometimes space limits the number accepted.
- The Joke Is on Princeton After Highly Flawed Facebook Study (Jacqueline Sahagian, Wall St. Cheat Sheet) See GEI News: The Facebook Epidemic.
- Dark skin, blue eyes: Genes paint a picture of 7,000-year-old European (Alan Boyle, NBC News) African skin and Nordic eyes?
- Study: Vt. Should Allow VEDA to Be State Bank (Warren Johnston, Valley News) Hat tip to Public Banking Institute. The proposal is that the Vermont Economic Development Authority (VEDA) should be chartered to function as a state bank. To do so would add thousands of jobs in the state, save the state millions of dolars in interest costs and grow the state’s economy by hundreds of millions of dollars. Link to the study report. Disclosure: The Econintersect Managing Editor was a paid intern at the Valley News when in high school.
- Index Reversals at Resistance and Market Valuations (Chris Kimble, Kimble Charting Solutions, Advisor Perspectives dshort.com) Chris Kimble has contributed to Global Economic Intersection.
Click on chart for large graphic composite at Advisor Perspectives dshort.com.
- Ignore the global elites and their Davos spectacle (Luigi Russi, The Conversation) The author says it’s time to start ignoring the entitled.
- Attack of the killer rentiers (Izabella Kaminska, FT Alphaville)
But rentiers would rather cling to the entirety of the disproportional gain that deflation brings them. Most annoyingly, it’s not because they necessarily want to consume more, but rather because they want to preserve the option to consume more if they so wish. That means the entire thing is mostly about psychology, status and social hierarchy.
- A Mantra for Davos: Let Go (5 Min. Forecast) Here is a metric exceeded only in the dot.com bubble.
- Big Banks Are Now Technology Laggards (Dani Golan, Kaminaro, Wall Street and Technology) Banks are no longer looking at new technologies but are just staying with “things that work”.
- Argentina – From Bad to Worse (Win Thin, Credit Writedowns) Currency devaluation is underway again and will only stoke further inflation, currently at 28% per annum.
- Eric Holder Just Announced A Major Shift On U.S. Marijuana Policy (David Ingram, Reuters, Huffington Post) Why? It’s all about tax revenue.
- Rally or bust: Who knows the outcome of Fed tapering? (Anthony Lazzara, Futures Magazine) The author’s answer is: It depends (briefly paraphrased by Econintersect).
- Why the Recent Lift in Junior Miners Will Likely Continue (Frank Holmes, U.S. Global Investors) The S&P TSX Venture Composite appears to be approaching a very bullish signal. This composite is a resources-heavy index, with more than 80 percent of the holdings in the energy and materials sector.
