News
Bloomberg | BlackRock, Fidelity Face Initial Risk Study by Regulators
BlackRock Inc. (BLK) and Fidelity Investments will be studied by U.S. regulators who are in the early stages of reviewing whether asset managers pose a potential risk to the financial system, two people with knowledge of the matter said.
Politico | Obamacare could increase food stamp rolls
Republicans have another reason to hate Obamacare: It could grow the number of people on food stamps.
Bloomberg | Euro-Area Services Output Expands More Than Estimated
Euro-area services output grew more than initially estimated in October, adding to signs the currency bloc’s economic recovery is gaining momentum.
Econ Comments & Analysis
Fortune | Storing solar energy for a rainy day
Lithium ion batteries aren't just for laptops and electric cars. They can power your home, too.
Bloomberg | Of Debt, Growth, Interest Rates and History
The blog of New York Times columnist Paul Krugman recently featured a chart plotting the U.K.’s ratio of government debt to gross domestic product against the nominal yield on long-term government bonds from about 1700 to the present.
WSJ | The U.S. and China Both Need Economic Rehab
Nearly seven years have passed since we coined the word Chimerica in these pages to characterize the symbiotic relationship between China and America. Few today would dispute that op-ed's original point: that the unbalanced economic relationship between China and America posed a threat to global financial stability.
First Trust | More #Plowhorse in Q3
Despite the shutdown, the sequester, talk of tapering, and meteors in the night sky, the US economy just keeps plowing along. Reported later this week, we expect Q3 real GDP grew right on trend at a 1.9% rate–another, #PlowHorse report.
Real Clear Policy | Eliminate the Export-Import Bank
Liberals often say that government intervention is necessary when the private sector, for whatever reason, cannot offer a critical service. Yet this line of thinking clearly does not justify the continued existence of the Export-Import Bank of the United States, an institution whose primary purpose is to finance loans to foreign companies so that they can buy American-made products.
Washington Times | Shades of Solyndra: Team Obama mum as another green energy firm went bust
Failing to heed the lessons of the Solyndra debacle, Energy Department officials kept quiet about their knowledge that a government-backed electric car charger company was sliding toward bankruptcy and putting taxpayer money at risk, the agency’s chief watchdog has found.
Blogs
WSJ | Stock Bubble Driven by Central Banks to Burst in 2014, Analyst Warns
As Federal Reserve officials pursue the most aggressive monetary policy stimulus campaign in their institution’s history, they are mindful of the unintended consequences their actions can have on financial markets.
