Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list has Bill Gross’ comments on how investors should protect themselves against debt crisis haircuts …….. and the last article is by Rogoff and Reinhart explaining why austerity is not the only answer to the debt crisis.
- There Will Be Haircuts (William H. Gross, PIMCO Investment Outlook) Losses are certain; limit them to be successful. Bill Gross has contributed to Global Economic Intersection.
- Oz manufacturing PMI signals full blown crisis (Houses and Holes, Macro Business)
- Secret “Free Trade” Negotiations Will Gut Regulations, Further Enrich Multinationals and Big Financial Firms (Yves Smith, Naked Capitalism) It’s a sign of the times that a reputable economist, Dean Baker, can use the word “corruption” in the headline of an article describing two major trade deals under negotiation and no one bats an eye.
- The Next Wall Street Mega-Scandal Has Arrived (Sha Gilani, Money Morning) Shah Gilani has contributed to Global Economic Intersection.
- How a Much-Heralded Bank Reform Proposal Could Actually Blow Up the American Economy (Lynn Parramore, Alternet) What’s the problem? Brown-Vitter doesn’t look into the “shadows”.
- The Evolution of the ECB’s Thinking on Negative Deposit Rates (David Nowakowski, Roubini Global Economics)
- JPMorgan Caught in Swirl of Regulatory Woes (Jessica Silver-Greenberg and Ben Protess, DealBook, The New York Times)
- 10 Things Most Americans Don’t Know About America (Mark Manson, Der Bananenplanet) Hat tip to Roger Erickson.
- The Trapdoors at the Fed’s Exit (Nouriel Roubini, Project Syndicate)
- Austerity is not the only answer to a debt problem (Kenneth Rogoff and Carmen Reinhart, Financial Times) Now they tell us?
