MUST READS Chart of the Day: Why Black Friday matters – CNBC Everything You Know About Black Friday Is Wrong – New Yorker Hey, Shoppers: Black Friday Savings Are a Hoax – Businessweek Walmart’s Black Friday Going About As Badly As You’d Expect – HuffPost Wal-Mart Uses Wristbands to Deter Holiday Shopper Melees – Bloomberg Here’s The Real Reason Black Friday Sales Start on Thanksgiving – Forbes Do-Nothing Congress Dithers on Budget as Deadline Nears – Bloomberg Bitcoin keeps surging, taps new record atop $1,200 – MarketWatch Xi Jinping Overreaches in the East China Sea – Bloomberg Inside the Company that Bungled Obamacare – Newsweek Default, Deflation and Financial Repression – Zero Hedge Dust to Dust: a man-made Malthusian crisis – Telegraph No quick exit from West’s economic malaise – Reuters
MARKETS/INVESTING Wall St. could make another record run – MarketWatch The risk that dare not speak its name – Economist Former Fed Chief Greenspan Sees No Bubble in Dow 16,000 – Bloomberg The Fed has persuaded markets not to freak out over tapering – Washington Post Take cover! Bond market ‘hell’ could now be on the way – CNBC Treasuries Fall, Extending Slide on Jobs Data Fed Bets – Bloomberg Gold set for biggest loss in 5 months on stimulus concerns – Reuters Venezuela Denies Goldman’s Gold Deal As Inflation Tops 54% – GoldCore With gold scarce, Indian wedding buyers recycle jewellery – Reuters Asian investors look to gold coins for big returns – Mineweb China Gives Thanks For Cheap Gold – Dollar Collapse
ECONOMY/WORLD/HOUSING/BANKING Airports: Hotbeds of worker wage victories – CNN/Money Why Do 1.4 Million Americans Work At Walmart? – Forbes Japan consumer price rises pick up pace – BBC Netherlands loses S&P triple-A credit rating – AP Eurozone jobless rate eases off record highs – CNA Carney’s Housing Concern Nudges BOE Toward Stimulus Exit – Bloomberg Deflation Trap Meets Debt Bubble as Riksbank Risks Wrong Battle – Bloomberg UK house prices at 40-month high, mortgage approvals jump – Telegraph London spearheads 11 percent jump in bankers earning 1 million euros – Reuters Texas housing market reacts to massive influx of new residents – DBJ Homeownership: The elusive American Dream for millennials – CNBC Federal Reserve Employees Admit: Afraid To Speak Out – Progress Report Kevin Warsh Lays Out Federal Reserve Catch-22 – TNR
