Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list has …….. and the last article is ……..
- Defending the One Percent (Greg Mankiw, Harvard University) Read also a counterpoint from Global Economic Intersection contributor Dean Baker.
- Does Dodd-Frank work? We asked 16 experts to find out (Mike Konczal, The Washington Post) Mike Konczal has contributed to Global Economic Intersection.
- Is Gundlach Right, Have Bonds Bottomed? (Mebane Faber, MF Research) See GEI Investing for counterpoint.
Click on graph for larger image.
- McDonald’s Can’t Figure Out How Its Workers Survive on Minimum Wage (Jordan Weissmann, The Atlantic) Hat tip to Russell Huntley. “In a financial planning guide for its workers, the company accidentally illustrates precisely how impossible it is to scrape by on a fast food paycheck.”
- Don’t send Summers to the Fed (Felix Salmon, Reuters) See also Mike Knoczal (a Global Economic Intersection contributor) and Tim Duy. But GEI was more than 12 hours ahead of everybody.
- Germany’s Gold Delusion (Simon Johnson, Project Syndicate) See also Benn Steil (Bloomberg): “Is Germany Repeating American Errors at Bretton Woods?“
- Toil and Trouble (The Economist)
- ‘Fabulous Fab’ Trial: How to Create a Synthetic CDO (Liz Rappaport, The Wall Street Journal) Read recipe for atomic CDO at end of the article (delicious).
- NSA’s phone and web snooping more far-reaching than thought (Richard McGregor, Financial Times)
- Hilsenrath: What Bernanke Means (Jon Hilsenrath, The Wall Street Journal) Interpreting the new “Fed speak”.
