Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports the latest on Republican proposals to postpone default (but not to end the government shutdown) …….. and the last article discusses who is selling and who is buying gold.
- Republicans offer plan to postpone U.S. default (Richard Cowan and Thomas Ferraro)
- Taper (Not) (James Howard Kunstler, Doomstead Diner)
- The Rut We Can’t Get Out Of (Daniel Alpert, The New York Times)
“We are in an age of global oversupply: an oversupply of global labor (hence high underemployment); an oversupply of global productive capacity (hence ultra-low inflation); and an oversupply of global capital (hence low interest rates).”
- Defending iCare With the Obamaphone — Or Something Like That (5 Min. Forecast) Will U.S. entities soon own all U.S. debt? Foreigners are selling.
- A CEO who resisted NSA spying is out of prison. And he feels ‘vindicated’ by Snowden leaks. (Andrea Peterson, The Washington Post) Hat tip to Roger Erickson.
- Crisis Chronicles: Tulip Mania, 1633-37 (James Narron and David Skeie, The Big Picture) This story never gets old.
- Dividends Rose 14.64% in Q3 (Eddie Elfbein, Crossing Wall Street, 01 October 2013)
- The Most Unhelpful Possible Way to Prove Something (Julie Rehmeyer, Scientific American) Thoroughly entertaining discussion of the logic of proof.
- Fake Online Reviewers Face Penalties (Daily Real Estate News, Realtor Mag)
- More gold bearishness (House and Holes, Macro Business, 04 October 2013) A lot of attention has been given to the decline in holdings of gold ETFs. That may not be bearish – there has been an approximately identical increase in in gold imports by China. Might this be a transfer from weak hands to strong?
Click on graphs for larger image at Macro Business.
