Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list says Assad may not have given permission for the gas attack …….. and the last article reports on recovering U.S. auto sales. There is also a special Sunday bonus at the end.
- Syrian forces may have used gas without Assad’s permission: paper (Alexandra Hudson, Reuters) Hat tip to Sig Silber.
- Lessons for Greece from down-and-out Detroit (Wolfgang Munchau, Financial Times)
The US city symbolises modern industrial decline. There is no reason to think it could not happen elsewhere…..falling wages do not bring back equilibrium. As unionised jobs disappeared from Detroit, wages fell; yet unemployment remains extremely high. Unemployment peaked at 27.8 per cent in 2009 – virtually the same as in Greece today.
- The Q Ratio and Market Valuation: Monthly Update (Doug Short, Advisor Perspectives dshort.com) Doug Short contributes to Global Economic Intersection.
- Sumner’s Cold Potatoes (Dan Kervick, New Economic Perspectives) Dan Kerick contributes to Global Economic Intersection.
- The Case against Summers: Much More Obvious than Critics Are Making It (Dan Kervick, New Economic Perspectives)
- Making ‘Too Big To Fail’ Banks Help Poor Borrowers (David Kay Johnson, The National Memo) Hat tip to The Big Picture. David Kay Johnson has contributed to Global Economic Intersection.
- It’s the what, not the who (R.A., The Economist, 04 September 2013) The following shows the economic progress of countries through The Great Depression.
- Bank Leverage Is the Defining Debate of Our Time (Simon Johnson, Bloomberg)
- Classifying the new ETFs launched in 2013 (Aniket Ullal, First Bridge)
- U.S. Light Vehicle Sales increase to 16.0 million annual rate in August (Bill McBride, Calculated Risk) No sign of recession here. See also GEI Analysis article.
SUNDAY BONUS
- Why We Need Solitude (Gabby Salazar, National Geographic) Hat tip to Alun Hill.
Click on image for original photo at National Geographic.
