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.
- Short-Covering Fuels Gold Rally (James Hyerczyk, FX Empire) Short covering reinforced speculative buying Friday to push gold back above the $1,300 level. See also Barry Norman’s Gold Weekly Fundamental Analysis April 7 – 11, 2014 Forecast.
- New findings may refocus search for Malaysia Airlines jet (Tom Watkins, CNN World) A Chinese naval vessel has detected pings that might be from the Malaysia Airlines Flight 370, now missing for over two weeks. The remote area of the Indian Ocean has a nearby debris field. A spokesman for the RAAF (Royal Australian Air Force) said deployment of more sensitive equipment to the area is being considered pending further information from the Chinese ship. The new area of interest is right in the middle of the highest probability are identified by Salil Mehta. See GEI Analysis article.
- Economic Outlook For Rest Of 2014: Acceleration (James A. Kostohryz, Seeking Alpha) Kostohryz sees rising interest rates, higher stock prices and a significant boost to the economy in 2014. He also sees a stronger dollar and declining gold prices.
- Capital Spending Boom? (Simon Constable, Barron’s) Discussion topic at Global Economic Intersection LinkedIn discussion group. With capital equipment older than at any point since 1964, a spending pick-up should lift industrial stocks. Over the past five years capital stock has grown by an average of 1%, less than 40% of the long-term rate. The article discusses a recent report from Societe Generale.
Today there are 15 more articles discussed ‘behind the wall’.
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