Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list has PIMCO’s Bill Gross discussion of the current bond market …….. and the last article discusses Bill McBride’s great graphic showing the unequaled magnitude of the current job loss situation compared to all other recessions post World War II.
- Seventh Inning Stretch (Bill Gross, PIMCO, Advisor Perspectives) Bill Gross has contributed to Global Economic Intersection.
- The Path to Electronic Money as a Monterary System (Miles Kimball, Confessions of a Supply Side Liberal)
- The Vultures’ Victory (Joseph E. Stiglitz, Project Syndicate) Hat tip to Roger Erickson. A U.S. court has ruled the sovereign debt cannot be restructured. Economic sustainability is threatened.
- Dancing with Gorillas & the Yin & Yang of Yields (Eric Swarts, Market Anthropology) Go to the article to read discussion about why the symmetry of this chart matches the second half of 2013 with the second half of 1987. Remember October 1987?
Click on graph for larger image.
- The Federal Reserve Nomination (New York Times Editorial Board) NYT recommendation is in and it is not Summers.
- Gorman Says Chance of Another Financial Crisis Near Zero (Michael J. Moore, Bloomberg) A sure thing? Oh-oh! Watch out!
- Philippines says China moving to occupy disputed reef (Rosemarie Francisco and Manuel Mogato, Reuters) Hat tip to Roger Erickson. Read GEI News coverage of China’s South China Sea territorial ambitions.
- The STEM Crisis Is a Myth (Robert N. Charette, IEEE Spectrum) Hat tip to Fabius Maximus. The U.S. has a glut of Scientitists, Technologists, Engineers and Mathematicians – 11 to 12 million more than there are jobs!
Click on graphic for larger image.
- Who Will Prosper in the New World (Tyler Cowen, The New York Times)
- Job-Losses-Post-WWII-Recessions (Bill McBride, Calculated Risk)
Click on graph for larger image.
