The Mess That Greenspan Made - Part 19

Wednesday Morning Links

Two terrorists killed in Paris raids – The Local
Ending Islamic State Inc. – Bloomberg View
How ISIS makes its money – Washington Post
How Belgium Became a Terrorism Hotbed – Daily Beast
Bomb scare diverts Paris-bound US flights – The Local
US Muslims face backlash after Paris attacks – AP
Taking Terror Abroad: The Islamic State’s New Strategy – Spiegel
CalPERS may lower investment expectations, costing taxpayers billions – LA Times
Poorest town in poorest state: segregation is gone but so are the jobs – Guardian
Deductibles Are the Price You Pay for Obamacare – Bloomberg
The Unintended Consequences of CFPB Debt Reform – RCM
Gawker is dead, long live Gawker: Site shifts to politics – Guardian

Futures slightly higher, ahead of Fed minutes – USA Today
Asian markets wary of fresh terror attacks in Europe – BBC
4 Facts Investors Should Know About Bonds – US News
World’s multi-trillion dollar bond market is circling the drain – Telegraph
It Still Looks Like Wall Street Topped in May – Kass’ Corner
Market recovery intact despite ugly November start – MarketWatch
Don’t Let a Conservative Portfolio Kill Your Retirement – Servo Wealth
Gold ekes out gains, but languishes just above 2010 low – Reuters
Money Managers Continue Cutting Gold, Silver Bullish Positions – Kitco
China Pioneer: Don’t Bet on Asian Middle Class to Lift Gold – Bloomberg

Deconstructing the Consumer Price Index – Advisor Perspectives
We’re Well Below Target Inflation…by Every Measure – CEPR
APEC economies growth slows to 3.1 pct in Q2 – xinhuanet
Russian economy stable, attracting investors – Medvedev – RT News
Inflation completely under control in India – Financial Express
China October home prices rise for 1st time in 14 months – China Daily
Canada’s Housing Market is a Hot Mess – Epoch Times
NAHB Housing Market Index: Back To Late 2005 Levels – ETF Daily News
Bank of England fears challengers will never de-throne the giant banks – Telegraph
Fed may send a big message to markets – CNBC


John Oliver on the Paris Terror Attack

Because he’s on HBO, John Oliver can say what a lot of other people on TV would like to say about the terror attack in Paris and, in so doing, gives new meaning to the acronym NSFW (that means turn the volume down if you’re in your cubicle).

Also see Oliver’s take on Daily Fantasy Sports that was, without question, the funniest thing I’ve seen on TV in weeks, months, or possibly all year.

Tuesday Morning Links

The Paris Attacks: The Latest – The Atlantic
Former CIA Director: ISIS Will Strike America – Time
Egypt plane crash: Russia says jet was bombed in terror attack – Guardian
The Fallout From Attacks Is Measured in More Than Stock Markets – NY Times
Exploiting Emotions About Paris to Blame Snowden – Greenwald, The Intercept
Why Republicans want Obama to denounce “radical Islam” – and why he won’t do it – Vox
The Dark Money Behind the Elizabeth Warren “Commie” Ad – Wall Street on Parade
The intractable, insidious conflict between Islamism and the West – The Week
Obesity report reveals drastic health inequality between genders, ethnicities – Quartz
Obamacare Enrollees Are Reeling from High Deductibles – Fiscal Times
Ted Cruz explains his challenging path to the GOP nomination – Washington Post
Obama: Running against Trump ‘would’ve been fun’ – Politico

Global stocks rebound as Paris worries fade – AP
Why terrorism has a limited impact on markets – Economist
Dollar hits fresh 7-month high against the euro – MarketWatch
Global shares, dollar rally as markets shrug off Paris attacks – Reuters
Foreign Investors Bail out of Canada’s Money Machine – Wolf Street
Steel Is the Poster Child For Oversupplied Commodity Markets – Bloomberg
Stop blaming battered retailers for holding back this market – MarketWatch
Gold slips as markets recover from Paris attacks; Fed in focus – Reuters
U.S. Mint Sales of Gold Coins Fall In October After 234% Surge in Q3 – GoldCore
SGE Withdrawals Break Yearly Record – WGC Hides China Demand. – BullionStar

Manufacturing is clearly in recession – CNBC
An Essential Part of Job Creation Policy is Missing – Fiscal Times
How workers exit the labour market after local downturns – voxeu
Japan’s Endless Struggle to Spark Inflation – Bloomberg View
China says has shown ‘great restraint’ in South China Sea – Reuters
After Red Carpet, Xi Jinping Faces a Showdown in Manila – WSJ
What’s Different about the Latest Housing Boom? – San Francisco Fed
Should Monetary Policy Respond to Financial Conditions? – NY Fed
Five reasons the Fed can’t raise rates – Peter Diekmeyer – Sprott Money
Central Bankers Can Stop Whining Now – Bloomberg


The Power of Money Printing, Japan Edition

Presumably, the chart below depicting Japan’s quintuple dip recession via this item at Zero Hedge wouldn’t seem so bad (well, in relative terms) if not for the fact that the last two forays southward have been under Abenomics in which the central bank has purchased what would, a decade ago, be considered an unimaginable amount of stocks and bonds.

But don’t worry (Japan stocks aren’t) – Japan’s Stock Market Shrugs Off Recession Worries.

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Monday Morning Links

Japan falls back into recession – BBC
Japan Falls Into Recession Again Under ‘Abenomics’ – Bloomberg
France bombs ISIS HQ, hunts attacker who got away – AP
Europe’s Terrorist War at Home – Wall Street Journal
How We Underestimated ISIL – Politico Magazine
America’s Solidarity with Paris is Embarrassingly Misguided – Anti Media
Denial, global warming and the slaughter in Paris – USA Today
GOP field takes new shape after Paris attacks – Politico
Bernie Sanders doubles down on climate change-terrorism link – CBS News
Liberals ignore Middle American anxiety at their peril – Chicago Tribune
The Appeal of the GOP Outsiders – Real Clear Politics
The Bubble Right In Front Of Our Faces – Hussman
Risk Off? – Credit Bubble Bulletin

Global stocks fall as Paris attacks send economic worries – AP
Terror and markets: Sell-offs tend to be short-lived – USA Today
French stock market resilient as Paris mourns – CNN/Money
Analysts see volatile day after Paris attacks – MarketWatch
Emerging Markets Slide as Paris Attacks Intensify Risk Aversion – Bloomberg
In the oil price war, it’s hard to tell who’s losing—OPEC or US shale – Quartz
Debt Market Distortions Go Global as Nothing Makes Sense Anymore – Bloomberg
Gold rebounds on flight to safety as Paris attacks hit shares – Reuters
An Open Letter To Paul Krugman On the ‘Republican Lust for Gold’ – Jesse’s Cafe
Investors Flee Precious Metals as ETF Outflows Top $1 Billion – Bloomberg

Car loans hit $1 trillion for first time – CNN/Money
Raising minimum wage would cost a million people their jobs – NY Post
The global economy is slowing down. But is it recession – or protectionism? – Guardian
Q&A: Is China About to Impose Capital Controls? – Capitalist Exploits
Sweden’s Soaring Housing Prices Raise Alerts Across Baltic Sea – Bloomberg
Millennials are making their move in the housing market – DMN
End of ‘Too-Big-to-Fail’ Banking Era Endorsed by World Leaders – Bloomberg
Gundlach: Fed hike ‘no-go more likely than most people think’ – Reuters
Printing Money – New Yorker

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