Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports on what to expect from Xi’s Third Plenum …….. and the last article is about the U.S. light vehicle sales, still above 15 million annually.
- Xi’s Third Plenum: A user’s guide (Geoff Raby, China Spectator)
- Comment: Looking for Stronger Economic Growth in 2014 (Bill McBride, Calculated Risk)
- America’s Income – Who Has It? (Bruce Krasting, TalkMarkets) Hey, it ain’t trickling down!
- When Small is Big (Mark Mobius, Franklin Templeton, Adviisor Perspectives) Mark Mobius makes a connection between the growing global middle class and strength in smaller emerging economy countries.
- After Fraud, the Fog Around Libor Hasn’t Lifted (Floyd Norris, The New York Times)
- Should Americans Be Required to Save for Retirement? (Dan Berman, ThinkAdvisor) Americans face a multitrillion-dollar savings shortfall, but mandating savings won’t be easy. Anthony Webb, a senior research economist at the Center for Retirement Research at Boston College said:
“Everybody’s a rugged individualist until things go wrong.”
- History says buy (Dan McCrum, FT Alphaville) In an otherwise bullish article, this cautionary graph is found.
- Empty promises darken outlook for India’s fiscal deficit (Kunal Kumar Kundu, Asia Times) The problem is failing tax revenue collections. See also Ajay Shah today at GEI Analysis.
- Panic in the Insurance Markets (Ed Kilgore, Washington Monthly) A tempest in a teapot? Is “most of the caterwauling is over a small minority of a small minority of a small minority?”
- U.S. Light Vehicle Sales decline to 15.17 million annual rate in October (Bill McBride, Calculated Risk) Light vehicle sales remain at healthy levels in the U.S.
Click on graph for larger image at Calculated Risk.