What We Read Today 06 October 2013

Econintersect: Click Read more >> below graphic to see today’s list.

The top of today’s reading list is an article by GEI contributor Roger Erickson on his blog at Mike Norman Economics about the (negative) changes in education and child-rearing over the last 40 years …….. and the last article suggests that the major part of deleveraging is over for Americans and the economy is ready for a rebound.

• Why Nearly Everyone Born After 1970 Should NOT Be Satisfied With Their Education – Or Upbringing (Roger Erickson, Mike Norman Economics) Roger Erickson is a contributor to Global Economic Intersection. Read the comments!!!

• New paradigm economics (Edward Fullbrook, real-world-economcis review, no. 65, September 2013) The current state of economic analysis in a one-page table.

• Architect of Austerity: Schäuble’s Search for a Way Forward (Ullrich Fichtner and Alexander Smoltczyk, Der Spiegel)

• Why Have Americans’ Income Expectations Declined So Sharply? * (Claudia Sahm,The Federal Reserve Board)

• Bragging Rights – Eight Exceptional(ly dumb) American Achievements of the Twenty-First Century

(Tom Engelhardt, TomDispatch) Hat tip to Yves Smith at Naked Capitalism.

• Lull before the storm: Rupee seen at 69.50 against US dollar (Economic Times) Huh? They are more than a month behind Sanjeev Kulkarni who posted a simple analysis indicating 68 against the dollar at GEI Opinion more than six weeks ago (when the rupee was at 61) and weeks before it surged temporarily to 69.

• Emerging Markets: Time to Buy? (Mark Ungewitter, Charter Trust Company, Advisor Perspectives) See also Elliott Morss.

• Private pension insurer at greater risk than thought (Dan Berman, Benefits Pro) The government agency insuring private pensions has much more risk than is declared. This is occurring as funding gaps grow.

• How Much Money Would It Take to Eliminate Poverty In America? (Matt Bruening, The American Prospect)

“We have poverty because we chose to have it.”

• These two charts show why the U.S. economy is ready for a rebound (Howard Schneider, The Washington Post, 26 September 2013)