Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list is economist Barry Eichengreen’s explanation of the calamitous nature of U.S. debt default …….. and the last article is about the possible breakout of the Australian dollar.
- The Dollar and the Debt Ceiling (Barry Eichengreen, Project Syndicate) Barry Eichengreen has contributed to Global Economic Intersection. Default would would cripple the U.S. economy and “impact on the rest of the world would be even more calamitous.” Eichengreen explains the details.
- The Politics of the Gold Standard in France, 1914-1939 (Julian Jackson, MRzine) Hat tip to Roger Erickson. Read also Did France Cause the Great Depression? and What Caused the Recession of 1937-38?, both by Douglas Irwin at GEI Analysis.
- Sniffing out Alzheimer’s (Jeff Akst, The Scientist) Hat tip to Russell Huntley. Source: A brief olfactory test for Alzheimer’s disease (Journal of the Neurological Sciences, Vol. 333, Issue 1, Pages 19-24, 15 October 2013)
- Freddie Mac: Fixed Mortgage Rates Little Changed (Bill McBride, Calculated Risk) Not surprising there is almost perfect correlation.
Click on graph for larger image at Calculated Risk.
- The Best, Brightest, and Least Productive? (Robert Shiller, Project Syndicate)
Are too many of our most talented people choosing careers in finance – and, more specifically, in trading, speculating, and other allegedly “unproductive” activities?
- IRS at 100: How income taxation built the middle class (John Buenker and Sam Pizzigati, Reuters)
- Joe Friday: “This Oversold Asset Has Created a Bullish Wick” (Chris Kimble, Kimble Charting Solutions, Advisor Perspectives dshort.com) Is the long treasury bond ETF (NYSE:TLT) a buy? For analysis that agrees see Hoisington and Hunt at GEI Analysis.
Click on graph for large image of full graph at Advisor Perspectives dshort.com.
- Niall Ferguson Is Mad That Paul Krugman ‘Acolytes’ Like Me Are Mean To Him (Josh Barro, Business Insider) Interesting trivia prompted by other trivia.
- Why not delay the individual mandate, too? (Allison Bell, Life Health Pro) One source, Urban Institute source, says if would be a big problem.
- Five drivers priming Australian dollar breakout? (Houses and Holes, Macro Business)
