Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports on bond guru Jeffrey Gundlach’s switch to bearish on bonds …….. and the last article is about FSB attempts to cut down on securities lending and short-term selling by shadow banks.
- Gundlach reverses course on interest rates (Jason Kephart, Investment News)
Bond superstar Jeffrey Gundlach believes interest rates on the 10-year Treasury note are heading to above 3% this year.
- This Age of Bubbles (Paul Krugman, The New York Times)
“…when the financial industry is set loose to do its thing, it lurches from crisis to crisis.”
- Has Chinese growth stabilised? (Houses and Holes, Macro Business)
- An Economist Confused About Banking (Matthew C. Klein, Bloomberg) Many economists are confused about banking. This article covers a good point not adressed in the GEI News article on the same paper.
- Multiples Expanding Fastest Since Dot-Com Bubble as Rally Ages (Inyoung Hwang and Alexis Xydias, Bloomberg) Oh-Oh!!!
- The Good Society: Lessons Not (Yet) Learned (Stephanie Kelton, New Economic Perspectives) Stephanie Kelton has contributed to Global Economic Intersection.
- How Much Has America’s Net Worth Recovered? (Barry Ritholtz, The Big Picture)
- Groundwater Contamination May End the Gas-Fracking Boom (Mark Fischetti, Scientific American)
- The debt dragon: What do you want to know about China and its credit habit? (Lindey Whipp, Financial Times)
- Shadow banks face limits to securities trading (Brooke Masters, Financial Times) The FSB (Financial Stability Board) proposes global limits on lending of securities (such as needed for shorting stock) and exchange of securities for cash (attempt to reign in the use of repos). Such restrictions would make financial meltdowns, such as occurred in the fall of 2008, less likely.