Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports on China’s surging real estate market …….. and the last article discusses size estimates of shadow banking assets.
- Fear of missing out fuels China property market (Simon Rabinovtch, Financial Times)
“…there’s no point in waiting. Prices are only going to go up.”
Until they don’t any more, of course.
- Youth interrupted: Underage, illiterate breadwinners (Patrick Winn, Global Post) Hat tip to Rob Carter.
- America’s Lost Decade Turns 12: Even the Rich Are Worse Off Than Before (Jordan Weissmann, The Atlantic) Even the top 5% are losing to the 1%. See second graph below. In the top of the first graph below, note that median real income in 2o12 is less than 1989. That is almost a quarter century of no income gain for half the country. You can forget the lost decade, it is really a lost genration.
- To Boldly Snoop Where No Snoop Has Snooped Before (Lowering the Bar) Hat tip to Roger Erickson. Some government actions are cartoonish.
- Officials Detail Premium Costs of Health Plan (Robert Pear and Reed Abelson, The New York Times) The first detailed look at premiums from the White House didn’t clarify much. Obfuscation about Obamcare premiums continues by opponents and proponents are unable to do any better.
- Brussels plans end to self-regulation of market benchmarks (Alex barket, Financial Times) You mean there can be problems with foxes guarding hen houses?
- Suspended Animation (5 Min. Forecast) Is the price of oil about to roll over again?
- Half of the world’s self-made women billionaires are from China (Lily Kuo, Quartz)
- The Interrupted Power Law and the Size of Shadow Banking (Davide Fiaschi, Imre Kondor and Matteo Marsili, arxiv.org) How about $100 trillion?
