Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports on the start of a bursting housing bubble in India …….. and the last article is theassessment from Sober Look that China has escaped most of the emerging market damage and will move forward from here.
- India Housing Bubble Bursts; Panic Coming Next (Mike Shedlock, Mish’s Global Economic Trend Analysis, 13 September 2013) What a bubble: 110% average price increase for the entire country since March 2009! See the Jayati Ghosh article today about the India bubble bursting.
- The IMF knows that the Fed is playing with fire in emerging markets (Ambrose Evans-Pritchard, The Telegraph) As the U.S. changes monetary policy emerging markets could suffer severe liquidity problems. These could reflect back on the developed countries, including the U.S. and plunge them back into recession.
- A housing affordability index scenario caps housing prices and mortgage rates (Sober Look) The incipient housing market recovery has been fighting a headwind from declining median income. Now the much daunted affordability tailwind has reversed with a vengeance.
- Just Bad Luck? Another Data Outage for Amazon (Jacqueline Sahagian, Wall St. Cheat Sheet, 14 September 2013)
- Phrenology of Barack Obama’s head reveals mind control connection to Nazi Occult, MKULTRA, Satan (Xeni Jardin, boing boing) Hat tip to Marvin Clark. This book is getting dozens of hits an hour at Ebay.com. Amazon does not have it listed yet. Here is a summary from Xeni Jardin (represented as the book author’s words):
In his newest book, The Phrenology of Barack Obama, author Bensa Magos returns to reveal the secrets behind the occulted past of President Barack Obama using the pseudo-science of phrenology. Magos uncovers natural, unnatural, and preternatural features of “Manchurian Candidate” Obama’s cranium and brainpan, including the mysterious “head scar” which the mass media refuses to discuss. Causes for the head scar range from CIA brain-implants to a partial lobotomy by his puppet master handlers, as well as the most shocking revelation: that Obama once had a horn. Magos follows a trail of evidence that leads from Obama’s brain surgery and dehorning, to government Mind Control programs like MKULTRA and MONARCH with roots in the Nazi Occult, and ultimately to the satanic endgame revealed by the Demon Horn of Moloch.
Given the NSA and IRS scandals, this book is a must read!
- Responding to a Collapse is More Important Than Growth (Sam McNerney, big think)
- ObamaCare Staggers Toward the October 1 Finish Line (4) (Lambert Strether, Naked Capitalism) Why did healthcare costs in the U.S. and Canada diverge starting in 1970?
- Not average at all (Diane Coyle, The Enlightened Economist) A book review of “Average is Over: Powering America Beyond the Age of the Great Stagnation” by Tyler Cowen.
- Embracing Wynne Godley, an Economist Who Modeled the Crisis (Jonathan Schlefer, The New York Times) Hat tip to Roger Erickson. Readers at Global Economic Intersection will be familiar with Wynne Godley who connected economics to the formalisms of double-entry accounting.