Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list discusses the dominance in the modern genome of DNA from a few powerful men in history …….. and the last article describes a Shanghai “flash rally” and how it may impact future trading in Chinese stocks.
- Scotland’s DNA: Who Do You Think You Are? (Ariets Research Blog, 30 May 2011) Many are descended from a few dominent men.
- Housing Expansion May Be Getting Scaled Back (Kathleen Madigan, The Wall Street Journal) “The roof is not falling in on the housing recovery, but expansion plans may need to be scaled back.”
- The Econbrowser Recession Indicator Index (James D. Hamilton, Econbrowser) James D. Hamilton has contributed to Global Economic Intersection.
- Rep. Tom McClintock doesn’t believe in financial crimes (YouTube) Hat tips to Lynn Wheeler and Roger Erickson. Unfortunately Rep. McClintock’s wonderful philosophy is great for a world that does not exist. The questioner was addressing the real world confronting us today.
- What you don’t know about the estate tax (Tom Nawrocki, Life health Pro) Only the very wealthy are affected appreciably and family farms and/or businesses hardly ever.
- From Inflation To Deflation … And Back! (David Rosenberg, The Big Picture)
- Economist Michal Kalecki’s amazingly correct prediction (Mike Norman, Mike Norman Economics) Hat tip to Roger Erickson. Quoting Kalecki: “…full employment delivered by Keynesian policy would eventually lead to a more assertive working class and weakening of the social position of business leaders, causing the elite to use their political power to force the displacement of the Keynesian policy even though profits would be higher than under a laissez faire system.”
- Meet the Town That’s Being Swallowed by a Sinkhole (Tim Murphy, Mother Jones)
- Reboot or Rewind (M.J. Akbar, The Sunday Guardian) See also Sanjeev Kulkarni, GEI Opinion. India is in trouble.
- China’s “flash rally” will further erode confidence in domestic markets (Sober Look) “China’s stock market has experienced another setback to its credibility.”
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