Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list gives (and debunks) six big arguments against the Volcker Rule …….. and the tenth article reviews the government’s balance sheet and finds one item constitutes 44% of U.S. government assets. At the end there is a bonus article showing the worst drivers by state.
- There are six big arguments against the Volcker Rule. Here’s why they’re wrong. (Mike Konczal, The Washington Post) Mike Konczal has contributed to Global Economic Intersection.
- Obama Kept His Head in the Sand During Healthcare.gov Fiasco (Yves Smith, Naked Capitalism) Read also PPACA: Built to fail (Tom Koziol, Life Health Pro)
- Ten Worst States for Foreclosures (MSN Real Estate)
- White Collar Crime and the United States Economy (Megan Graham, Undergraduate Honors Thesis, University of New Hampshire) Hat tip to Roger Erickson.
- 3 Reasons a Correction Is Coming: Merrill Strategist (Janet Levaux, ThinkAdvisor)
- Let’s focus on environment and diet to help prevent autism (Kathleen Schuler, Institute for Agriculture and Trade Policy)
- Flashback to 1999 – A Budget Surplus did not coincide with an Increase in Savings (Warren Mosler, Soft Currency Economics) Warren Mosler contributes to Global Economic Intersection. The ignorance of The Wall Street Journal about the accounting relationships between the government sector and the private sector is astounding.
- Income-Inequality Revisionism (James Pethokoukis, National Review Online) The author accuses Obama of revisionism.
- Wonkbook: The ‘Grand Bargain’ is over (Ezra Klein and Evan Soltas, The Washington Post)
- The Fed Balance Sheet: What is Uncle Sam’s Largest Asset? (Doug Short, Advisor Perspectives dshort.com)
- Worst Drivers By State (Car Insurance Comparison, not dated)