Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list questions if the view that this will be the century of emerging markets is changing …….. and the last article reviews disappointing studies showing financial education does not positively affect personal financial performance.
If you missed the weekend bonus at the end of yesterday’s “reading list,” go back and check now. (Lovers of high and wild places especially.)
- The End of Convergence? (Kermal Dervis, Project Syndicate) Is the view that emerging markets will own this century being revised?
- Congress Attacks America: How to Prepare for a Debt Ceiling Disaster (Stacy Johnson, Money Talks News)
- Exchange Conflicts Come Into Sharper Focus (David Albertson, Health Insurance Exchange)
- Historical Tax Rates of Top 0.01% (Catherine Mulbrandon, Vizualing Economics)
- ObamaCare and the Devolution of the Relationship of Citizen to Government (Lambert Strether, Corriente, Naked Capitalism)
The very URL http://www.healthcare.gov is Orwellian, since, as a child of six knows, health insurance, which is what the exchanges deliver, is not the same as health care, which the exchanges, like the equally parasitical insurance companies, do not deliver.
- The Basics On Fibonacci Ratios & Elliott Wave Theory (TimerFrank, Seeking Alpha)
- The shutdown and the economy (Walter, Kurtz, Sober Look)
- How four car companies are forging ahead on fuel efficiency (Andrew P. Collins, The Christian Science Monitor)
Mercedes, Chrysler, Land Rover, and Nissan are all moving to build more fuel-efficient cars, their paths to get there are distinctly different.
- Debt ceiling crisis would be a catastrophic success for GOP (James Pethokoukis, American Enterprise Institute)
- Financial Literacy, Financial Education and Downstream Financial Behaviors (Daniel Fernandes, John G. Lynch, Jr. and Richard G. Netemeyer, Social Sciences Research Network) Education in financial literacy doesn’t have a significant effect on financial performance, especially after 1-2 years post training. See also New York Times column by Richard H. Thaler discussing this paper.