Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports on Larry Summer’s a prospective Fed chairman nominee and the political factors involved…….. and the last article says that actions by investment giant PIMCO prove the bond bull market is over.
We have a bonus today with an article from c/net discussing new Samsung products, including the new Galaxy Gear Smartwatch.
- Larry Summers and the politicization of the Fed (Felix Salmon, Reuters) See also Larry Doyle, GEI Opinion.
- The Real Foreclosure Scandal: Why Have Virtually No Lawyers Been Disbarred? (Yves Smith, Naked Capitalism)
- Detroit’s Woes Add to Angst Over Municipal Debt (Mike Cherney and Kelly Nolan ( The Wall Street Journal)
- Exclusive: India might buy gold from citizens to ease rupee crisis (Suvashree Dey Choudhury, Reuters)
India is considering a radical plan to direct commercial banks to buy gold from ordinary citizens and divert it to precious metal refiners in an attempt to curb imports and take some heat off the plunging currency.
- Will Asian Currency Devaluation Delay The Taper? (Don Dion, Fidelity Independent Advisor)
- Is technology killing the middle class? (Unconventional Economist, Macro Business)
- Godfather of Charts Turns Bearish; Targets Dow 12000 (Tomi Kilgore, The Wall Street Journal)
- Getting Technical: Weekend Update (Serge Perreault, Advisor Perspectives dshort.com) This chart and interpretation is not as bearish as the one above.
Click on chart to view larger image at Advisor Perspectives dshort.com.
- Hyper-Endogeneity (Dan Kervick, New Economic Perspectives) Dan Kervick contributes to Global Economic Intersection. This is a common sense description of money and banking.
- Proof the Bond Bull is Over: PIMCO Selling Hedge Funds (Barry Ritholtz, The Big Picture)
