Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports on a new cheap and efficient solar photovoltaic power material…….. and the last article talks about how U.S. personal credit outstanding has stopped growing.
A Material That Could Make Solar Power “Dirt Cheap” (Kevin Bulls, MIT Technology Review, 08 August 2013)
The Yellen Doctrine: Robust Growth is the Priority, But Bubbles Matter (John Cassidy, The New Yorker)
Economics explains our world – but economics degrees don’t (Wendy Carlin, Financial Times) Hat tip to Roger Erickson.
Kolbert Discusses Climate Change at Paul Smith’s (Phil Brown, Adirondack Almanack) Previous cycles in CO2 concentrations in the atmosphere have been driven by recurring ice ages, as thawing released CO2 and refreezing sequestered it. This time the next ice age did not arrive on schedule.
Click on graph for larger image at Adirondack Almanack.
Evidence of 3.5 billion-year-old bacterial ecosystems found in Australia (R&D)
Bracing for A Bubble (Elliott M. Kass, Financial Planning)
Buffett’s favorite market tool is flashing red (Street Authority) When the capitalization of the Wilshire 5000 is 70% – 80% of the GNP (Gross National Product), Warren Buffett thinks its a good time to buy stocks. When the ratio exceeds 100% it’s a good time to sell.
Jim Rogers on price Inflation, Investing in Asia and Why China Will Continue to Boom (Anthony Wile, The Daily Bell) Hat tip to John O’Donnell.
The Unintended Consequences of ZIRP (John Mauldin, Thoughts from the Frontline) Three areas concern John Mauldin: (1) Financial repression directed against pensions and savers; (2) Enhancement of unproductive carry trade; (3) misallocation of capital; and (4( unknown levels of economic dislocation when velocity of money rstarts to increase.
It’s the most important change in the US economy since the Great Recession—that nobody is talking about (Matt Phillips, Quartz) The U.S. has kicked it’s credit card addiction (at least for now).
