Daily Reading on the Financial Markets: 12/27/12
Merry Christmas and Happy Holidays to all. I apologize to frequent visitors for my absence over the last couple of weeks. Work got the best of me, as sometimes happens. Some interesting articles I’d recently read:
From Jason DeParle at the New York Times, class is playing an increasing role in education as the gap between “have’s” and “have not’s” extends into childhood, showing an increased calcification of classes.
You can count Zillow among those who are incredibly bullish on U.S. home prices. But there might be a small conflict of interest there.
Barry Ritholtz makes the case that the core issue for the U.S. is not one of taxing or spending, but one of lawlessness and a system that rewards fraudulent behavior.
From Zero Hedge, Canadian MP Pierre Poilievre exposes U.S. and European “wealth” for the re-distribution scam that it is.