Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list has the history of what happened when the U.S. has paid off the national debt …….. and the last article asks if congresspersons were guilty of criminal acts when they ignored the whistle blowing of 11,000 real estate appraisers.
When The U.S. Paid Off The Entire National Debt (And Why It Didn’t Last) (Robert Smith, Planet Money, NPR) Hat tip to Rob Carter. “No one says that paying off the debt caused the depression.” Note to Robert Smith: Actually you are wrong – some do attribute the recession, at least in part, to the absence of government debt.
The amazing, surprising, Africa-driven demographic future of the Earth, in 9 charts (Max Fisher, The Washington Post) Hat tip to Macro Business.
Why Fed Has Failed to Lower U.S. Unemployment (Gary Shilling, Bloomberg) It’s because banks don’t lend excess reserves unless there is a demand and bank reserves create zero demand.
Plug pulled on the world’s last commercial electric telegraph system (Brian Dodson, gizmag)
Tighthouse: The first certified Passive House in NYC (Adam Williams, gizmag)
Richard Koo On Why Labor Tension In China Is Now Set To Explode (Joe Weisenthal, Business Insider) Demographics and urbanization of China will impose future limits on the economy. And the rest of Asia has the same problem. See CHART OF THE DAY: One Mega Trend Has Been Behind Every Major Asian Economic Boom In The Past 50 Years (Sam Ro, Business Insider).
Two cheers for China’s growth (Geoff Raby, Business Spectator) Now here is a different view compared to most of what we’ve read about China.
The Disconnect Between Stocks and Commodities: What’s Next? (Chris Kimble, Advisor Perspectives) Chris Kimble has contributed to Global Economic Intersection.
Hyperloop design to be revealed next month (Gizmag Team)
From an Appraiser (Caterina Platt, New Economic Perspectives) Was it a criminal act for congresspersons to deep six written input from thousands of appraisers documenting fraud? Aren’t the Mafia-like actions of the mortgage creators deserving of prosecution for running organized crime operations? Protected by their political patrons, they will likely survive the statute of limitations.