Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list says that many mortgages still lack chain of ownership documentation …….. and the last article is about the cruel trick history has played on Milton Friedman.
- Your Mortgage Documents are Fake (David Dayden, Salon) “…tens of millions of mortgages in America still lack a legitimate chain of ownership…”
- Most support higher premiums for smokers (Dan Cook, Life Health Pro) “The Patient Protection and Affordable Care Act is likely going to set higher rates for smokers and those who are overweight.”
- corp profits and the federal deficit (Warren Mosler, Mosler Economics) Hat tips to Roger Erickson and Nathan Becker. Warren Mosler contributes to Global Economic Intersection.
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- American doctors, like Wall Street, need a cultural shift (Gillian Tett, Financial Times) Pay for the end result is better for the economy (and society) than pay for services performed.
- Don’t call it stimulus, but China’s cash splash helps miners (Michael Sainsbury, Crickey) Hat tip to China Spectator. “[The Chinese] government has ramped up a stimulus program worth trillions of yuan that has turned assumptions on the imminent plunge in prices for iron ore and other commodities on its head.”
- India’s rupee hits fresh record low after capital outflow curb (Avanyika Chilkoti, Financial Times) See also GEI Opinion by Sanjeev Kulkarni.
- Gold Bull Paulson Cuts SPDR Stake by Half in Bear Market (Debarati Roy, Bloomberg) The smart money (Paulson and Soros) dumped gold – no wonder the dumb money lost a bundle.
- The government bailout (TARP) was merely to asist large banks (Dwight Haskins, govwhistleblower) Hat tip to Roger Erickson. Dwight Haskin has contributed to Global Economic Intersection.
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- Israel plans to pay university students to defend it on social media sites (Associated Press, The Washington Post) Hat tip to Roger Erickson who asks: “Is this what we give them foreign aid for?“
- The cruel trick played by history on Milton Friedman (Noah Smith, Noahpinion)
