Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary “reading list” which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for “reading list” items are gratefully reviewed, although sometimes space limits the number included.
- Roadmap to a Banking Union (Jens Erik Gould, The Financialist) This article says the EU SRM (single resolution mechansim) for eurozone banks is a promising development. See GEI Opinion article by Nikolaos Karatsoris for a much deeper look at eurozone problems.
- Retail Sales Cannibalization (Mike Shedlock, MISH’s Global Economic Trend Analysis) The retail sector is cutting employees and costs to drive to lower prices. MISH sees this as deflationary.
- Exclusive: Bank of America’s trading practices have been probed, filing shows (Karen Breittell and Aruna Viswanathe, Reuters) It’s one of the oldest trading tricks used to short-change clients: front running. That is what Bank of America is being investigated for.
The next eleven articles (Behind the Wall) are about basic income, job guarantee and related issues. This is a philosophical issue, that situation represented by the fact there are no articles here with graphs or data tables.
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