MUST READS Second Texas Health Worker Tests Positive for Ebola – NY Times Oil Prices Tumble, Posting Biggest One-Day Drop in Two Years – WSJ Worrying for Saudi, U.S. oil output cuts could take a while – Reuters Crashing oil prices could crush Vladimir Putin – CNN/Money IEA 2014 oil-demand forecast at weakest since 2009 – MarketWatch Toxic Mix for Fracking: Oil Price Collapse & Junk Bond Insanity – Wolf Street If Oil Plunge Continues, “Now May Be A Time To Panic” For Shale Companies – Zero Hedge Crumbling U.S. Fix Seen With Global Trillions of Dollars – Bloomberg Fed Is Silent on Doomsday Book, a Blueprint for Fighting Crises – NY Times Richest 1% own 50 percent of world wealth- Credit Suisse report – RT News Where Do the World’s Wealthiest People Live? – WSJ Why is Football More Popular than Ever? – Marginal Revolution The rise of unretirement – LA Times
MARKETS/INVESTING European stocks wallow, Asia gains amid oil slump – AP Bond yields, oil prices fall as gloom persists – Reuters Pillars of Equity Rally Fall Away – Variant Perception These charts explain when to call a bottom for the S&P – MarketWatch BIS warns on ‘violent’ reversal of global markets – Telegraph Stock market scare: 3 key numbers to watch – CNN/Money Treasuries Extend Gains as Retail Sales Fall More Than Forecast – Bloomberg Gold Firmer, Hits 4-Week High, Amid Increasing Fear in Market Place – Kitco Lawsuits Proceed: “Secret Scheme To Manipulate The Price Of Silver” – GoldCore Expect big silver price surge if gold stays positive – Mineweb Investors sold heavily into gold, silver price rally – Mining.com
ECONOMY/WORLD/HOUSING/BANKING The State of Macro, Six Years Later – NY Times The Inflation Imputation – Real Clear Markets Why Can’t People Feel the Economic Recovery? – Atlantic Is the Surge in Capital Goods Orders Due to Malinvestment? – Mises The $11 Trillion Advantage That Shields U.S. From Turmoil – Bloomberg Slow Rise in Prices Shows China’s Economy Is Still Struggling – WSJ Schaeuble Says Germany Will Stay the Course in Difficult Times – Businessweek German Bond Yields Drop to Records on Economy – Bloomberg Triple dip for US housing is a questionmark for the recovery – Arabian Money Mortgage Rates Plunge to Lowest Rate in 16 Months – Zillow Blog Fed’s Williams downplays global risks, eyes U.S. inflation – Reuters So Much for Rate Increases… – PragCap
