In his last email of the Year Michael Pettis takes stock of the current state of China's rebalancing. It's an 18 page PDF, with no online link.Taking Stock of China’s Transition by Michael PettisSpecial points to highlight in this issue:...Show More Summary
In a Christmas Day speech, Bank of Japan Gov. Haruhiko Kuroda drew on Charles Darwin to make a point about wages.
Freddie Mac reported yesterday that the Single-Family serious delinquency rate was unchanged in November at 1.91%. Freddie's rate is down from 2.43% in November 2013, and the rate in October and November was the lowest level since December 2008. Show More Summary
Been on the road today visiting friends and family.Merry Christmas and best wishes to you and all your loved ones.Mish Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. SitkaShow More Summary
(December 25, 2014 05:11 PM, by David Henderson) To all readers of this blog: If you celebrate Christmas, have a Merry Christmas. If you don't, have a wonderful day anyway.... (0 COMMENTS)
Lower prices at the pump can help turbocharge your retirement -- with a little discipline
Says the property should be sold for $87 million, not the $95.4 million runner-up bid he put in at auction
I hope everyone has a great day.
Companies: Uber is unfair competition to medallion owners, who have to operate under state laws and regulations
Happy Holidays and Merry Christmas to All!Out through the fields and the woodsAnd over the walls I have wended;I have climbed the hills of viewAnd looked at the world, and descended;I have come by the highway home,And lo, it is ended.The...Show More Summary
Citigroup said it also is considering selling its credit card business in Japan, separately
Morning Money Memo… Major markets in the U.S. and Europe are closed today for Christmas. The Dow finished up just 6 points yesterday, enough to set yet another new record for the index at 18,030. Markets will end the week with good news in hand,...
Saddled with the frustrating task of dealing with cumbersome return policies? Check out these retailers who have made it easier
Many consumers aren't happy about what often happens when they try to shop via a mobile device
The Editors wish to thank all our readers and wish them a healthful and restful holiday break. Vox will start posting again on 2 January 2014.
For those who came in late, Festivus — I’m not big on the whole forced cheeriness of Xmas, as readers can probably, by this point, imagine — is normally celebrated on December 23. However, because Festivus really is for the rest of us, Festivus can also be celebrated at any time, so here we go! […]
The coming choice between an "ever greater union" and the troika's financial regime.
How a firefly lights up: Researchers reveal the secrets of the incredible ‘lantern’ structure the insects use to glow Daily Mail Gunmaker staring down $1B in debt as gun sales slump New York Post. Cerberus. Leon Black Takes On Paul Singer in Showdown Over $25 Billion Caesars Debt Bloomberg How a Top Obama Crony Moved […]
Over at [Equitable Growth](http://EquitableGrowth.org)--[The Equitablog](http://equitablegrowth.org/blog) [James Heckman (1995): Cracked Bell](http://equitablegrowth.org/2014/12/24/evening-must-read-james-heckman-1995-cracked-bell/)...Show More Summary
30 year mortgage rates moved up a little today, but are way down from 4.60% a year ago.From Matthew Graham at Mortgage News Daily: Mortgage Rates Match December HighsMortgage rates continued higher today as lenders opted for typically conservative holiday pricing strategies. Show More Summary