Money & Markets – Week of 10.19.14

21 Asian Countries Initiate New China-backed Bank
Press TV | 24 October 2014
“If you would like to get”…

It’s Not Just Spying – How The NSA Has Turned Into A Giant Profit Center For Corrupt Insiders
MSN | 23 October 2014
Still think we live in a free country…

Sears to Close Stores, Lay Off about 5,500 Employees
MSN | 23 October 2014
At least 46 Kmart stores, 30 Sears department stores and 31 Sears Auto Centers…

S.E.C. Rejects 2 Efforts to Create Actively Managed E.T.F.s
NY Times | 22 October 2014
The S.E.C. said the applicants had “not provided an adequate substitute for portfolio transparency…

Russia Reserves Fall $7.9 Billion, Biggest Drop Since May
Bloomberg | 23 October 2014
Plans to shift to inflation targeting and a free floating ruble…

What do the Pros Really Think about the Market
Humble Student of the Market | 21 October 2014
I was reviewing a few “institutional” manager polls…

Forex-Rigging Fines Could Hit $41 Billion Globally: Citi
Bloomberg | 21 October 2014
Citigroup is the biggest player in the $5.3 trillion-a-day foreign-exchange market…

UBS Preparing to Delist Stock
Armstrong Economics | 29 September 2014
Foreign banks are targeted to allow the government to pretend…

India Set to Become $2 Trillion Economy This Year
The Times of India | 19 October 2014
India is poised to become a $2 trillion economy this year…

The Dow Theory
Financial Perspectives | 19 October 2014
As I sit getting ready for my exam, one of the areas I will be tested on is the Dow Theory…

Apple Pay Rolls Out, with Holes in the System
MarketWatch | 20 October 2014
Starting Monday, Apple Inc. will… add a wallet to it’s iPhones…

Japan’s Public Pension Fund to Lift Ratio of Domestic Stocks
Nikkei Asian Review | 18 October 2014
Cutting its weighting of Japanese government bonds from the current 60%…

Top In Private Equity: Texas Teacher Retirement System
HedgeCo.Net | 16 October 2014
Private equity is the best performing asset class for pension funds…

State Pension Gaps Shrink for First Time Since 2007
Bloomberg | 09 October 2014
The rating agencies have certainly incorporated pension liabilities…

Response to Moody’s: US State and Local Government Pensions…
NASRA | 08 October 2014
The report also misrepresents or misstates salient facts…

Pension-related Cases being Heard by the Supreme Court
Business Insurance | 13 October 2014
If the Supreme Court discourages investors from taking registration disclosures…