Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports on how Brazil’s richest man has lost 97% of his fortune in just two years …….. and the last article suggests that employment data is not signaling an imminent recession.
- How Brazil’s richest man lost 97% of his fortune in less than two years (Fred Prouser, Reuters, Quartz)
- N.S.A. Foils Much Internet Encryption (Nicole Perlroth, Jeff Larson and Scott Shane, The New York Times) Hat tip to Russell Huntley.
- Special report: We all thought Libya had moved on – it has, but into lawlessness and ruin (Patrick Cockburn, The Independent) Don’t see anything about this in the U.S. press.
- China’s banks are hogging the country’s market earnings, and that spells trouble (Gwynn Guilford, Quartz) China has a big extractive rentier problem.
- Marc Faber: 3 Reasons a Crash Is Coming (John Sullivan, ThinkAdvisor)
- A Bolt to the Volt Following GM Price Cut (Emily Coyle, Wall St. Cheat Sheet) Price cuts for electric plug-ins and sales surge.
- Science Confirms: Politics Wrecks Your Ability to Do Math (Chris Mooney, Mother Jones)
“people who are otherwise very good at math may totally flunk a problem that they would otherwise probably be able to solve, simply because giving the right answer goes against their political beliefs.”
- 2nd quarter FY 2013, Iraq – Afghanistan Contractor Census (The Danger Zone, POC) Hat tip to Roger Erickson.
- Lousy War-on-Terror Arguments Used to Justify Preemptive Strike Against Neighbors (Kevin Underhill, Lowering the Bar) Hat tip to Roger Erickson. This one is a big wow!!!
- The Unemployment Rate Is Not Signaling a Recession: Update (George Vrba, Advisor Perspectives dshort.com) Georg Vrba has contributed to Global Economic Intersection.
Click on graph for larger image at Advisor Perspectives dshort.com.
