Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list has the latest from Nairobi and a major collection of pictures …….. and the last article lists five things you should know about the changing health insurance marketplace.
- Has British ‘White Widow’ been killed in final assault on Kenyan shopping mall? Officials say body of white woman terrorist found at scene (Becky Evans and Paul Bentley, Daily Mail)
- The Simple Reason for the Long Downturn: Housing Bubble Burst (Dean Baker, The Huffington Post) Dean Baker is a contributor to Global Economic Intersection.
- 6 Asset Allocation Strategies That Work (Investopedia)
- Rupiah Passes Rupee as Asia’s Worst Currency: Chart of the Day (Lee Miller and David Finnerty, Bloomberg) Indonesia’s currency has now exceeded the decline experienced by the Indian rupee.
- What if a typical family spent like the federal government? It’d be a very weird family. (Brad Plummer, The Washington Post) The next time someone tries to tell you the government should run a budget like a family does, show them this.
- CHART OF THE DAY: Homebuilder Sentiment Is Decoupling From Reality (Mamta Badkar, Business Insider) Homwbuilder sentiment is soaring while housing starts decline.
- Solar Panel Is Next Granite Countertop for Homebuilders (Justin Doom, Bloomberg) Demand projected up 56% in the next year.
- Median Income Falls For 5th Year, Inequality At Record High (Mark Gongloff, The Huffington Post)
“No wonder so few Americans seem to think their economy is in recovery: They keep getting poorer. Unless they are rich, in which case they keep getting richer.”
Click on graph for larger image.
- ‘Hot money’ stays sticky in India as rupee crisis looks over (James Crabtree, Financial Times)
It would be a stretch to say that India has had a happy few months. But its corporate sector remains blessed by good fortune in one respect at least: the continued faith of foreign investors in many of its leading companies.
