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 (and sometimes longer ones) 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.
- Why would the ECB buy corporate bonds? (Matthew C. Klein, FT Alphaville) It may be that the market for asset backed securities and covered bonds in simply not large enough for the massive bond buying the ECB may do. They may have to acquire corporate debt as well.
This does raise the question of how buying debt of large corporations will do much to boost lending to smaller firms, a stated objective. And the corporations are not issuing a lot of bonds anyway.
- Icahn: ‘Quite concerned that something is going to happen’ with stock market (Everett Rosenfeld, CNBC)
- Articles about conflicts and disease around the world
The latest on the Ebola crisis (CBS News) Good summary.
How 1 doctor saved Nigeria from Ebola catastrophe (Yahoo! News)
Obama Gave Turkey the Push It Needed (Bloomberg)
Global Banks Slashed Lending to Ukraine, Endangering a Recovery (The Wall Street Journal)
Is Hong Kong China’s Future? (Bloomberg View)
The truth emerges about Afghanistan, an indictment of our war. Now comes the hard part: learning from failure. (Fabius Maximus) – An introduction.
Afghanistan: ‘A Shocking Indictment’ (The New York Review of Books) – The full story.
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