Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list is a guide to debt, deficits and austerity …….. and the last article discusses how Australia is following the U.S. path to debt deflation.
- The Smart Bunny’s Guide to Debt, Deficit and Austerity: A Review (Joe Firestone, New Economic Perspectives) Joe Firestone contributes to Global Economic Intersection.
- China orders nationwide government debt audit (Jonathan Standing, Reuters) National government wants to control surging local government debt levels.
- Mandate Delay Leaves ‘More Questions Unanswered Than Answered’ (David Albertson, Health Insurance Exchange)
- A Science Lesson For Charlie Munger (Tristan R. Brown, Seeking Alpha) There is a lot more to petroleum usage than making fuels and the relationships to other carbon based materials are many.
- How “Revolving Doors” Protect Wall Street’s Fraudsters (Shah Gilani, Wall Street Insights & Indictments) Shah Gilani contributes to Global Economic Intersection. Plain talk about “foxes and hen houses”.
- More signs of China slowing (Houses and Holes, Macro Business) More news of slowing profit growth and the 7-day repo is showing another bump up in interest.
- How Big Finance Crushes Innovation and Holds Back Our Economy (Lynn Parramore, AlterNet) Hat tip to Naked Capitalism. “A giant financial sector and wealthy class are sucking money, vampire-like, out of the productive sector, where the goods, technologies and services that we want are created.”
- “Intelligent knife” tells surgeon if tissue is cancerous (Sam Wong, Imperial College, London) “Scientists have developed an “intelligent knife” that can tell surgeons immediately whether the tissue they are cutting is cancerous or not.”
- Peak Oil: Still Dead (Joseph Neeley, Texas Public Policy) See also GEI Analysis.
- Balanced budgets are rarely appropriate (Bill Mitchell, billy blog) Australia is following the U.S. debt deflation path.
Australia
