Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list has an explanation by the grad student who uncovered the computation errors with Reinhart and Rogoff what is fundamentally flawed in their work (not the computational errors, but the incorrect assumptions) …….. and the last article discusses how the rich got rich.
- The Grad Student Who Took Down Reinhart And Rogoff Explains Why They’re Fundamentally Wrong (Thomas Herndon, Business Insider)
- Climbing, stretching and stumbling (The Economist)
- New preface to Charles Kindleberger, The World in Depression 1929-1939 (J. Bradford DeLong and Barry Eichengreen, Voxeu) Brad Delong and Barry Eichengreen have each contributed to Global Economic Intersection.
- 8 Most & Least Bullish Big Cities (Michael S. Fischer, AdvisorOne)
- Financial Bullshit Flowchart (Joshua M. Brown, The Reformed Broker)
- Bulls Hit (Grant Williams, Mauldin Economics)
- NASA Faked the Moon Landing—Therefore, (Climate) Science Is a Hoax (Stephan Lewandowsky,Klaus Oberauer and Gilles E. Gignac, Psychological Science) Wow! Endorsement of free-market economics predicted rejection of other established scientific findings.
- The Endgame is Forced Liquidation (John Hussman, Advisor Perspectives) Andrew Mellon, Herbert Hoover’s Secretary of the Treasury: “Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate… it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.”
- How Did the World’s Rich Get That Way? Luck (Charles Kenny, Bloomberg Businessweek)