Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports on the variability of economic stregnth across India…….. and the last article says a market bear trap has been created which should lead to new highs for stocks.
- The Rise of the Rest of India (Ruchar Shamir, Foreign Affairs) Not all of India is struggling economically.
- President Obama Might Ask Who Benefits From U.S. Debt Default (Janet Tavakoli, Huffington Post) Janet Tavakoli has contributed to Global Economic Intersection. Econintersect summary: Parasitic banks extract money at the margins during financial crisis (as long as their solvency is not the issue and in this case it would be the U.S. government). Who benefits from U.S. debt default? Parasites.
- Handicapping the 2013 Economics Nobel (Brenda Cronin, The Wall Street Journal) Who will be announced winner Monday of the 2013 Nobel Prize in Economic Science?
- Australian high net worth property mania (Houses and Holes, Macro Business)
Click on graph for much larger image at Macro Business.
- Obama, Congressional Republicans Exploring How To End Government Shutdown (Alan Fram, The Associated Press, Huffington Post) Both sides are tight-lipped on specifics.
- Lessons from the failed forecasts of inflation since the crash (Fabius Maximus) Fabius Maximus contributes to Global Economic Intersection.
- It’s not just people. Corporations are getting more unequal, too. (Lydia DePillis, The Washington Post)
- Peak-population investing (Izabella Kaminska, FT Alphaville) Has the great inflation of the past century been caused by global population explosion? If so, can the coming peak in population then lead to a century (centuries) of deflation?
- Re-Decentralizing the Fed (Amar Bhide, Project Syndicate) Amar Bhide has contributed to Global Economic Intersection.
- 10 Thursday PM Reads (Barry Ritholtz, The Big Picture) From Brandt.
