Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list has a report on the IMF projection of even higher unemployment for Spain …….. and the last article is about the slowdown in emerging markets.
- IMF forecasts alarming Spain unemployment outlook (Tobias Buck, Financial Times) Spain will have unemployment above 25% for at least five more years.
- The BLS Jobs Report Covering July 2013: Slow Build But In Poor Quality Jobs (Hugh at Naked Capitalism) Good data review and summary that can’t be found elsewhere.
- Credibility of labor market (Salil Mehta, Statistical Ideas) This is a discussion of the nebulous statistical nature of the average jobs growth of 198,000 per month for the first six months of 2013. The graph below shows the extremely broad Gausiian function representing the distribution, implying little significance of the mean value. The note discusses how statistically the distribution would sharpen if the August reading comes in exactly at the same value as July (162,000). Note: July data is not shown below, just January – June.
- Science and Social Control: Political Paralysis and the Genetics Agenda (Jonathan Lantham, Independent Science News) Hat tips to Chuck Spinney and Roger Erickson. Important scientific results are hidden from the masses.
- How the United States gets deflation and becomes the next Japan (Edward Harrison, Credit Writedowns)
- Gamechanger: Next Generation Wind Turbines With Storage Are Cheap, Reliable And Brilliant (Ryan Koronowski, Climate Progress)
- Obama’s Master Class in Demagogy (Michael Hudson, Naked Capitalism) Michael Hudson has contributed to Global Economic Intersection.
- Another Shoe Has Dropped… and It’s a Big One (Kent Moors, Money Morning) Kent Moors has contributed to Global Economic Intersection. This energy expert says that the next energy crises will involve the collapse of two countries, neither energy producers, but energy consumers: Egypt and Pakistan.
- Speaking Loudly (TR Inaugural Site) hat tip to Roger Erickson. “This country has nothing to fear from the crooked man who fails. We put him in jail. It is the crooked man who succeeds who is a threat to this country.”
- When giants slow down (The Economist) “The most dramatic, and disruptive, period of emerging-market growth the world has ever seen is coming to its close.”
