Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list is an article discussing fractional reserve banking …….. and the last article asks who will buy bonds when the Fed doesn’t.
- Fractional Reserve Banking: How to Create and Destroy Money (Matthew Kerkoff, Financial Sense) Hat tip to John O’Donnell. This is good as far as it goes, but it falls short on being clear that the workability of creation of money as credit is based on quality of loan underwriting against financed assets rather than fractional reserve exposures. Kerkoff says he will write more on this so he may ‘close the circle’ then.
- A Look At Dr. Copper (Dion’s Fidelity Advisor)
- How Humanity Could Deflect a Giant Killer Asteroid (Mike Wall, Space.com)
- 361 Capital Weekly Research Briefing (Blaine Rollins, The Reformed Broker) Hat tip to Bull or Bubble by Barry Ritholtz, The Big Picture. There are 40 years with losses (34.5%), 19 years with single digit gains (16.4%) and 57 years with double digit gains (49.1%).
- 10 for ’14 (Richard Bernstein, Advisor Perspectives)Another brave soul with predictions.
- Back to Housing Bubbles (Nouriel Roubini, Project Syndicate)
- Who Belongs to the Lower Middle Class, and Why Does It Matter (Vauhini Vara, The New Yorker)
- How Long Have Humans Dominated the Planet? (David Biello, Scientific American)
- Quantitative Easing and Emerging Markets: Indonesia (Zachary Fillingham, Geopolitical Monitor)
- Who will buy bonds when the Fed doesn’t? (Houses and Holes, Macro Business)
Click on chart for larger image at Macro Business.