MUST READS China’s economic growth picks up – BBC BRICS establish $100B bank, currency pool to cut out West – RT News Yellen: Fed Will Continue to Prop Up Economy – NY Times Janet Yellen on the Everything Bubble – The Upshot Fed tries new role as line judge for markets – WSJ ‘Artificial’ Interest Rates Are the Real Deal – Bloomberg A word of caution about a tech bubble from Janet Yellen – Salon What Yellen said on junk bonds isn’t what the market heard – CNBC Yellen, Fed Still Worried About Slowdown in Housing Recovery – WSJ Mark Carney blasts BIS for calling for rate rises in a “vacuum” – Telegraph CBO Warns Unchecked Entitlement Spending Is ‘Unsustainable’ – Fiscal Times Fear running short of cash in retirement? What to do – USA Today The Immorality Of Paper Money – Personal Liberty Digest
MARKETS/INVESTING Stock Futures Rise as Apple, IBM Rally on Deal – Bloomberg Midterm elections aren’t good for stocks – CNN/Money Hoisington Investment Management – Review and Outlook – Mauldin Economics High valuations like today’s aren’t justified by low interest rates – MarketWatch Global equity melt-up in full swing even if investors hate themselves – Telegraph Treasury Volatility Drops on Yellen Low-Rates Message – Bloomberg Gold below $1,300 on stronger dollar, interest rate fears – Reuters ICBC: A New Global Currency Setup Is Being Conceived – BullionStar An update on Gold charts — has the bull been injured? – Peter Brandt Surging gold imports widen India’s trade deficit – Mineweb Monsoon – Better Late Than Never For Indian Gold Demand – Perth Mint
ECONOMY/WORLD/HOUSING/BANKING Hershey raises prices by 8% – CNN/Money Austrians Can Help You Predict the Economy – Cyniconomics China growth picks up as stimulus kicks in, more support may be needed – Reuters China Banks Said to Have $3.2 Billion Exposure in Qingdao Probe – Bloomberg China knows it has a problem, but it just can’t kick the investment habit – Quartz Employment hits new high but wage growth weakens – Telegraph Mortgage volume tanks; Jamie Dimon bashes the FHA – CNBC JP Morgan; If Foreclosures Are More Difficult We’ll Lend Less – Forbes The Homeownership Rate for Millennials Has Hit Bottom – WSJ Fed’s George says strengthening economy warrants quick rate rise – Reuters Yellen Tells Whoppers to the New Yorker – Naked Capitalism Two Wrongs Don’t Make a Right – E-phipany
