Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list is about turning $27 into $886,000 in Just a few years …….. and the last article predicts a coming housing correction in Canada.
- Man buys $27 of bitcoin, forgets about them, finds they’re now worth $886k (Samuel Gibbs, The Guardian)
- A Guide to the Affordable Care Act (Deborah Stone, Boston Review) Finally a straightforward and apolitical brief summary.
- ETF in Focus: Guggenheim China Small Cap (HAO) (Dion’s Fidelity Independent Advisor)
- Bubbles, Bubbles Everywhere (John Mauldin, Thoughts from the Frontline, Mauldin Economics)
- Arizona Public Service involved in political scandal to stop rooftop solar (BaileyA, Daily Kos) Hat tip to Roger Erickson.
- Retirement Planning Myths (Michael A. Leonetti, AAII)
- Three Centuries of Debt and Interest Rates (Paul Krugman, The New York Times) This and the recent decades of Japanese history are two daggers to the heart of Austerians.
- China banks’ bad loans point to trouble ahead (Simon Rabinovitch, Financial Times)
A clearer picture of the debt challenge facing Chinese banks is expected to emerge in the coming weeks when Beijing announces the results of an audit of local government finances. The last extensive audit was based on 2010 numbers, and concerns have mounted about the hidden debts of cities and towns.
- Monetary Policy in the Post-Crisis World: Lessons Learned and Startegies for the Future (Christina D. Romer, Sumerlin Lecture, Johns Hopkins University) Could fiscal policy be automated?
- Goldman Sachs warns on ‘large correction’ in Canada housing (Matt Clinch, CNBC) Housing in Canada is up more than 60% in the last 8 years. In the 8 years before the U.S. housing bubble peak in 2006, prices were up almost 120%. If Canada has a bubble maybe it has a way to run?
