Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list is Gary Shilling’s continuing deflation forecast …….. and the last article says robots are not the reason for unemployment but rather a failure to adapt.
- Why Global Economies Face an Age of Deflation (Gary Shilling, Bloomberg)
- Curbing the insatiable desire for gold (C.P. Chandrasekhar and Jayati Ghosh, The Hindi Business Line) Jayati Ghosh is a Global Econiomic Intersection contributor. Hoarding of gold in India is affecting the country’s current account balance.
- Why the Government Is Desperately Trying to Inflate a New Housing Bubble (Charles Hugh Smith, Of Two Minds) Charls Hugh Smith has contributed to Global Economic Intersection.
- Why the Rich Don’t Give to Charity (Ken Stern, The Atlantic) Hat tip to Roger Erickson.
- Ranchers Try to Drive Tsimané Indians Off Their Land (Rafael Acuna Coaquira, Inter Press Service) Story from Bolivia. Hat tip to Roger Erickson.
- Cyprus: The Operation Was a Success. Shame the Patient Died. (Some Of It Was True) Great summary of what happened and consequences. Hat tip to Tom Keene via Twitter.
- From Blessing To (Soon To Be Confiscated) Curse: When Cyprus’ Massive Deposits Were A Great Thing (Tyler Durden, Zero Hedge) See also this. Hat tip to Roger Erickson.
- S&P 500 Six-Year Earnings and P/E: The Bubble Is Back (Bruce Carman, Advisor Perspectives dshort.com) They don’t come much more bearish than this one.
- Private RMBS take first steps to US comeback (Adam Tempkin and Shankar Ramakrishnan, Reuters) Will the perverse incentives be avoided this time?
- Robots Aren’t the Problem: It’s Us (Richard Florida, The Chronicle of Higher Education) The problem is failure to adapt.
