What We Read Today 12 May 2013

Econintersect: Click Read more >> below graphic to see today’s list.

The top of today’s reading list has PIMCO’s Bill Gross calling the end of the 30-year bond bull market…….. and the last article is by Bruce Bartlett trashing 21st century fiscal policies.

• It was a Monday: Bill Gross pinpoints the day the 30-year bond rally ended (Bloomberg News, Investment News)  Not the first time Bill Gross has gone negative on bonds.  Bill Gross has contributed to Global Economic Intersection.

• Air Pollution Raises Risk of Diabetes Precursor in Kids (Makiko Kitamura, Bloomberg)

• Carbon dioxide passes symbolic mark (BBC News)

• Much of England’s ‘Atlantis’ survives beneath sea (Stephanie Pappas, Science, NBC News)

• Three Reasons to Buy Gold Equities Today (Frank Holmes, US Global Investors, Advisor Perspectives)  Frank Holmes has contributed to Global Economic Intersection.

• Student Debt Slows Growth as Young Spend Less (Annie Lowrey, New York Times)  Hat tip to Naked Capitalism.

• Jon Stewart Disses OCC and Independent Foreclosure Review (Naked Capitalism)

• Banks as Social Accountants and Screening Devices for the Allocation of Credit (Joseph Stiglitz and Andrew Weiss, NBER)  Hat tip to Roger Erickson at Mike Norman Economics.

• Lawler: Table of Distressed Sales and Cash buyers for Selected Cities in April (Bill McBride, Calculated Risk)

• Annexation book author says Raleigh low-balling him out of spite (Josh Shaffer, News & Observer)

• Why Republicans Really Love Budget Deficits (Bruce Bartlett, The Fiscal Times)  A now disaffected former presidential and Treasury advisor under Reagan and Bush I continues to unload on 21st century government.