Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list gives three potential inflation triggers …….. and the last article lists the 10 states with the best recoveries for underwater mortgages.
Inflation Watch: 3 Potential Triggers (Elliott M. Kass, Financial Planning)
Toward a uniquely Indian growth model (Anand Mahindra, McKinsey & Company, Insights & Publications)
…the country’s states must compete, not march in lockstep, if India is to develop its own path to sustainable prosperity.
A War Over Solar Power Is Raging Within the GOP (Grace Wyler, The Atlantic)
The real reason for the QEs (Rodger Malcolm Mitchell, Monetary Sovereignty) Rodger Malcolm Mitchell has contributed to Global Economic Intersection.
The Galaxy Collision Next Door (Ken Croswell, Scientific American)
10,000-Year-Old House Discovered Near Jerusalem (Graham Sigurdson, Shalom Life) Hat tip to Daniel Koren, Newsana.
An Open Letter to the FOMC: Recognizing the Valuation Bubble In Equities (John Hussman, Weekly Market Comment, Hussman Funds) Hat tips to Roger Erickson and Warren Mosler. Mosler says:
What’s new here is somehow Hussman has picked on the idea that corporate profits fall as the federal deficit falls. He stops short of suggesting we need a higher federal deficit, of course. After all his endless inane out of paradigm raving against federal deficits it might take him a few months to reverse course. 😉
Nor does he mention the well known Levy Profit Equation from maybe 75 years ago that shows same, or Wynne Godley’s work or any of the MMT sources that he no doubt perused regarding sector balances.
Are Bitcoins the Criminal’s Best Friend? (Stephen Mihm, Bloomberg)
Here’s the Latest from the Royal Bank of Crooks (Shah Gilani, Wall Street Insights & Indictments) Shah Gilani has contributed to Global Economic Intersection.
How Many Homes in the Country are Still Underwater? (Eric McWhinnie, Wall St. Cheat Sheet) At the end of the third quarter the number of mortgagors who owe more than their house is worth fell to only 10.8 million.
