What We Read Today 22 October 2013

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

The top of today’s reading list reviews what we learned from the financial crisis …….. and the last article describes the global economic headwinds from ageing baby boomers around the world.

• What We’ve Learned from the Financial Crisis (Justin Fox, Harvard Business Review) Absolutely great overview, summary.

• New York is Drowning in Bribes and Corruption (Pam Martens, Counter Punch) Hat tip to Roger Erickson.

• Happy that more Chinese firms are looking to invest in India: PM (PTI, First Post Business) Hat tip to Sanjeev Kulkarni (who wrote a GEI Investing article about this almost 2 1/2 years ago). From the new article:

On China’s proposal to promote the construction of Bangladesh-China-India-Myanmar (BCIM) Economic Corridor, Singh said India is promoting regional connectivity for balanced economic and infrastructure development and accelerating integration with its neighbors, including with Southeast Asia.

“We believe that the BCIM Economic Corridor can potentially reinforce our existing connectivity initiatives and we have expressed our support in principle to the idea during Premier Li Keqiang’s visit to India,”

• Superficial Optimism Creates False Stock Market Gains (Chris Mayer, Daily Reckoning) Chris Mayer has contributed to Global Economic Intersection.

• 3 ETFs to Watch This Week (Dion’s Fidelity Independent Advisor)

• The Birth of Conservative Delusion (Michael Goldfarb, Salon) Hat tip to Rob Carter. In Goldfarb’s view the ghost of Watergate still dominates the American politic today. Rob Carter suggests that the ghost will remain as long as 2/3 of Americans aren’t involved with their own governance in any meaningful way.

• The Ideological Migration of the Economics Laureates (Daniel B. Klein and David Collander, Special Project Leaders, Econ Journal Watch, Vol 10, Issue 3, September 2013) David Collander has contributed to Global Economic Intersection.

• Some Incomplete Monetarist Arithmetic (Frances Coppola, Piera) Frances Coppola has contributed to Global Economic Intersection.

• 9 Tax-Related Myths About Selling Your Home (Kelly Phillips Erb, Forbes) Hat tip to Jeff Hayward , Tumblr.

• Ageing boomers to create global headwinds (Unconventional Economist, Macro Business) Unconventional Economist has contributed to Global Economics Intersection. The U.S. and Australia will be the only G-6 countries with significant labor contribution to GDP in the coming years.