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Monday, November 25, 2013

Monetary

News                                                                                                                             
National Journal | Cash Is Dead. Are Credit Cards Next?
It looks like a credit card. It's the size of a credit card. It swipes in credit card machines. But it holds the information of up to eight of your debit, credit, rewards, or gift cards. And you can switch between cards by simply pressing a button.

Econ Comments & Analysis                                                                                            
Bloomberg | Taper Isn’t Tightening as Bonds See No Rate Boost Until ’15
The $11.7 trillion Treasury market is betting on history not repeating as the Federal Reserve moves closer to reducing its unprecedented stimulus.
WSJ | Regulators, Divided Over 'Volcker Rule,' Weigh Going It Alone
Bank regulators are considering passing the 'Volcker rule' without the blessing of the Commodity Futures Trading Commission, which has been pushing for 11th-hour changes ahead of a year-end deadline to finalize the regulation, according to people familiar with the process.