Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list has an article discussing the ramifications of Detroit’s default…….. and the last article is Barry Ritholtz’s brief refresher on Glass-Steagall.
- Detroit’s Bankruptcy Raises Questions That Go Far Beyond the City Limits (Stephen D. Eide, The Daily Beast)
- What’s in a Number? In China, Not Much (Michael Pettis, Bloomberg) Michael Pettis is a Global Economic Intersection contributor.
- Li’s Government Sees 7% as Growth Bottom-Line, Chinese Media Say (Bloomberg News) If these are serious policy statements there could be a blowup ahead.
- Can China slow slowly? (House and Holes, Macro Business)
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- Sell signal from key market indicator (Mark Hulbert, MarketWatch) A market timing indicator with a stellar long-term record is now in “sell” mode. The last time this indicator generated a sell signal was in late 2007, just before the Great Recession.
- America’s Dystopian New Normal (Lloyd Green, The Daily Beast)
- US Oil Imports Hit 13 Year Lows (EconMatters) EconMatters contributes to Global Economic Intersection.
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- The Mirror Cracks (John Mauldin and Michael Lewitt, Outside the Box, Mauldin Economics) “Conditions today are far different than those in 1994, however; today they are far more conducive to rates staying low.”
- Housing Starts: A few comments (Bill McBride, Calculated Risk) See also GEI Analysis.
- A Brief Refresher on Glass-Steagall (Barry Ritholtz, The Big Picture)
