Leestips - Zaterdagbijlage DDSFI 25 mei 2013

Op zaterdagen zal de redactie van DDSFI proberen u wekelijks een portie leesvoer voor het weekend te geven: tien artikelen die wij gaande de week selecteren uit de vloed van stukken de wij doornemen om onze analyses te onderbouwen en te kunnen doorgeven: onze Zaterdagbijlage. Soms zullen dit artikelen zijn over zaken die niet aan bod zijn gekomen, andere vertegenwoordigen een visie die niet de onze is, maar die desalniettemin van belang is om kennis van te nemen.

U vindt hier de titel (wat direct ook de link is), en de eerste alinea.

01. Waarom er wel degelijk sprake is van geldmoord, in 2 grafieken
Een van de zaken waar ik in mijn boek Geldmoord op in ga, en dé reden om te spreken van een geldmoord, is de invloed van technologische vooruitgang en globalisering op inflatie

02. The Bronze Swan Arrives: Is The End Of Copper Financing China's "Lehman Event"?
In all the hoopla over Japan's stock market crash and China's PMI miss last night, the biggest news of the day was largely ignored: copper, and the fact that copper's ubiquitous arbitrage and rehypothecation role in China's economy through the use of Chinese Copper Financing Deals (CCFD) is coming to an end

03. The Reinhart-Rogoff-rally
In the current issue of the New York Review of Books, Paul Krugman explains “How the Case for Austerity Has Crumbled,” focusing at length on the infamous Reinhart-Rogoff 90% debt-to-GDP threshold, and how it became a sort of banner, especially in the US and Europe, for the worldwide austerity caucus.

04. Helicopter money as a policy option
With persistently weak economic conditions becoming the norm in Europe, economists are considering increasingly unconventional policy options. One tool that has yet to be taken out of storage is ‘helicopter money’, i.e. the overt monetary financing of government deficits. This column recounts a policy debate on helicopter money that was held at LBS in April 2013 among three of the world’s leading monetary economists.

05. Is Egypt heading toward a military regime?
After the jubilation that accompanied Egyptian President Mohamed Morsi’s “victory” over the Supreme Council of the Armed Forces (SCAF) in August 2012, the Muslim Brotherhood and Morsi himself began signaling their intention to turn Egypt into an Islamic state, arousing the fears of liberals and religious minorities.

06.The periphery's problem is an incomplete internal devaluation
LACK of finance for the real economy in Spain is a direct result of the failure to recognise the “stock” implications of an internal devaluation. A self-fueling negative equilibrium results, and the only question is how it resolves itself. Failure to grasp its true issues raises the chance that the resolution is unstable.

07. The Bank of Japan must crush all resistance, and will do so
Kudos to Kyle Bass at Hayman Advisers for warning that the Bank of Japan would lose control of its ¥70 trillion bond buying blitz. The spike in the 10-year yield to 1pc on Thursday was certainly shocking to behold.

08. Please, Sir, May I Have More Dividends?
For years now, yield-starved investors have been clamoring for more income. Wouldn’t it be great if their demands were met by more supply? There's no lack of income-oriented products -- 88 stock funds with "dividend" or "income" in their name were created in the U.S. over the last two years, and more are on the way. It's an increase in the raw material, the actual cash dividends, that investors are eager to see.

09. Tune In, Turn On, Opt Out
What happens to everyone in the ruling Elites and those desperately trying to join the ruling Elites when the debt-serfs stop paying and the tax donkeys drift away to lower-cost, lower-income lifestyles?

Turn on, tune in, drop out was a famous slogan of the 1960s counterculture popularized by Timothy Leary, who stated that slogan was "given to him" by Marshall McLuhan during a lunch in New York City in 1966.

10. "It's worth fighting for"
Interview with Jens Weidmann, President of the Deutsche Bundesbank – Le Point 24 May 2013. The interview was conducted by Clément Lacombe. Translation into English: Deutsche Bundesbank