Money & Markets – Week of 12.01.13

Crypto-Currency Market Capitalizations
Coin Market Cap

Apple Completes Key China Mobile Deal – Report
CNN | 05 December 2013
Apple and China Mobile have reportedly inked a long-anticipated deal that should make buying an iPhone easier for hundreds of millions of Chinese…

Here Is The “Growth” – Inventory Hoarding Accounts For Nearly 60% Of GDP Increase In Past Year
Zero Hedge | 05 December 2013
As we reported earlier, while on the surface the headline revised Q3 GDP number was a stunner…

Deutsche Bank Quits Commodities, But Keeps Index Funds
Reuters | 05 December 2013
Deutsche Bank, which is quitting trading in most raw materials markets…

The Transformation Of America’s Energy Economy
Cognoscenti | 15 November 2013
In a ground-breaking move last week, voters in Boulder, Colorado, approved an initiative to end their relationship with Xcel Energy…

Public Pension Divestment
Pension Dialog | 26 November 2013
As Steven Mufson reports, eight small colleges and nearly two dozen towns and cities have pledged to sell their shares in fossil-fuel firms…

On Campuses, A Fossil-Fuel Divestment Movement
The Washington Post | 25 November 2013
A divestment movement is marching across U.S. college campuses…

China Bans Bitcoin Trading By Banks
NPR | 05 December 2013
China says banks in the country are no longer allowed to trade in Bitcoin…

IRS Nominee Gets Hearing Next Week
The Hill | 03 December 2013
The Senate Finance Committee will hold a nomination hearing next Tuesday for John Koskinen…

Wall Street Sweats Out Volcker Rule Impact on Revenue
Bloomberg | 04 December 2013
Wall Street banks, which already shut proprietary trading units that helped fuel record profits…

EU Fines Banks Over Rate-Rigging
BBC News | 04 December 2013
The European Commission has fined eight banks – including RBS – a total of 1.7bn euros (£1.4bn) for forming illegal cartels to rig interest rates…

Madoff Cut Dead Client’s Payout With Fake Loss, Jury Told
Bloomberg | 04 December 2013
Bernard Madoff’s deputies made fake paperwork showing trading losses to save $1.7 million owed to a longtime investor who died…

Predictably, Krugman Flees the Scene
The Daily Bell | 04 December 2013
Paul Krugman Consigns To Hell An Economic Slump Of His Own Devise…

India Shadow Banker Fights to Keep Empire Built on Poor
Bloomberg | 03 December 2013
Tucked away on a hillock in the suburbs of Mumbai, a missile-proof bunker twice the size of the U.S. White House holds the key to a $3.8 billion puzzle…

Bull Market Shows No Sign of Death With Yellen Support
Bloomberg | 02 December 2013
The weakest employment recovery in seven decades is proving a boon to equity markets…

Budget Negotiators Seen Near to Deal to Ease U.S. Cuts
Bloomberg | 03 December 2013
U.S. budget negotiators are near a deal to ease automatic spending cuts that congressional aides say could boost user fees rather than end corporate tax breaks…

Volcker Rule Set for Dec. 10 Approval by U.S. Regulators
Bloomberg | 03 December 2013
U.S. regulators will meet on Dec. 10 to adopt the final version of the Volcker rule banning banks from making speculative bets with their own money…

Yuan Passes Euro as 2nd-Most Used Trade-Finance Currency
Bloomberg | 03 December 2013
China’s yuan overtook the euro to become the second-most used currency in global trade finance after the dollar this year…

What If The Minimum Wage Had Grown As The Same Rate As The Top 1% Income?
Undernews | 02 December 2013
If the minimum wage had grown at the same rate as the earnings of the top one percent of Americans…

Gold Rush in Space? Asteroid Miners Prepare, But Eye Water First
Reuters | 21 November 2013
Mining in space is moving from science fiction to commercial reality but metals magnates on this planet need not fear a mountain of extraterrestrial supply…

One of the World’s Largest Bitcoin Sites Hacked!
Economic Policy Journal | 01 December 2013
Coindesk, one of the world’s largest Bitcoin sites, reports hackers stole 1,295 bitcoins worth more than $1 million…

Is Black Friday the Time to Sell the Retailers?
Humble Student of the Markets | 28 November 2013
Barry Ritholz recently wrote to ignore the Black Friday hype, especially NRF survey results…

The Unspoken, Festering Secret At The Heart Of Shadow Banking: “Self-Securitization” … With Central Banks
Zero Hedge | 15 November 2013
By now everyone has heard of securitization…

Nobel Prize Economist Warns of U.S. Stock Market Bubble
Yahoo! Finance | 01 December 2013
An American who won this year’s Nobel Prize for economics believes sharp rises…

Puerto Rico, With at Least $70 Billion in Debt, Confronts a Rising Economic Misery
The Washington Post | 30 November 2013
Boxes and wooden crates filled with household items bound for the U.S. mainland are stacked high in the Rosa del Monte…

$2B Android Royalties
Barry’s News | 25 November 2013
As I understand it, Microsoft didn’t have to really prove that their patents are valid…

Correlations: Student Debt Explodes
Bloomberg Businessweek | 17 June 2013
More Americans than ever are getting college diplomas…

Developer Markets
The Economist | 18 November 2013
The poor world will go from copying new technology to creating it…