Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports on Australia’s manditory retirment savings accounts and what it would mean for the U.S. to implement them here …….. and the last article is about the trial of Bo Xilai, a corruption case with a murder sidebar in China covered by GEI News last year.
- Want To Solve America’s Retirement Crisis? Look To Australia For Advice (Richard Eisenberg, Business Insider)
- Four New Inductees For ETF Hall Of Shame (Paul Baiocchi, Index Universe)
- The Top 1 Persent in International and Historical Perspective (Facundo Alvaredo, Anthony B. Atkinson, Thomas Piketty, and Emmanuel Saez, Journal of Economic Perspectives—Volume 27, Number 3—Summer 2013—Pages 3–20) Hat tip to Roger Erickson. U.S. exceptionalism rules, at least when it comes to income inequality. Two graphs from the paper sum it up.
- MAPS: A Poll Asked America Which States Were The Drunkest, The Hottest And Which Had The Silliest Accents (Walter Hickey, Business Insider)
- Zero Isn’t Forever (Ashley Kindergan, The Financialist) “This [ending zero interest rates] can create a huge financial disruption akin to the end of a war.” – Credit Suisse.
- The Percentage of Companies Losing Money in North America and Europe is Rising (Walter Kurtz, Sober Look, Business Insider) There is a big disconnect between companies losing money and companies defaulting on debt (see graph). A related potential problem is the concentration of mezzanine lending in part of the capitalization distribution. Read also John Slater in GEI Opinion who sees a record high in middle market valuations and business sales. Lot’s of divergence – look out!
- Banks In Trouble For Losing Money And Getting In Trouble (Matt Levine, Dealbreaker)
- How QE’s potential unwind reveals the existence of the currency wars (Sober Look, Credit Writedowns) Lots of charts, couldn’t pick just one.
- The Bernanke Years (The New York Times, 19 June 2013) The life story of the Fed chairman in paragraph snippets and pictures. See companion article “Bernanke, the Audacious Pragmatist“
- Bo Xilai Between the Dragon and His Wrath (Ma Jian, Project Syndicate) What led up to the widely publicizws corruption trial in China? Read the 2012 series at GEI News to find out.
