Gold plunged 28% in 2013: How everyone missed the call BW
Gain in U.S. Consumer Confidence Lifts Spending Outlook BL
Home prices end 2013 with a bang: Case-Shiller Reuters
"2014?"   Saut
U.S. and China: When the giants unwind Xie
Withdrawal of stimulus could well cause a fresh crisis
The coming financial crisis of 2014, perhaps Fortune
A world economy on the brink of fracture Warner
Japan's Nikkei beats Dow Jones and FTSE 100 with 57% rise in 2013 Guardian
Yen set for worst year since YMCA topped the charts CNBC
Fed's Fisher says his FOMC vote will reflect concerns on bond buying Reuters
The Year in Review, 2013: Fantastical Pseudo Economics EB
Caution: Why odds of market crash are increasing Blodget
Best, worst quotes of the year MW
America in 2013, as Told in Charts NYT
Bubbles, Banks And Bitcoin Forbes
We need to talk about TED Bratton Crudele - RB - Sorkin
Who to ignore on Wall Street in 2014 Weidner
Bank accounting and regulation worsen bubbles Hutchinson
Buffett on his "major mistake" CNN
Financial Regulators Fine Mess Johnson
Gold Bulls Retrench as Price Drops Most in 32 Years: Commodities BL
Gold imports fall by 42pc Standard
Bank of Canadas gold coins to be liquidated in federal push to balance books G&M
Paul Krugman Trolls Bitcoin Fans. Guess What Happens Next HP
Analysis: Transparency the crux in China's struggle to deal with rising debt Reuters
China $3 trillion local government debt stirs alarm Reuters
Chinas December New Home Prices Rise Most in 2013, SouFun Says BL
China Approves $353 Million of Share Sales as IPOs Resume BL
Central banks scooping up Canadian dollars in droves G&M
Ringgit Posts Worst Annual Drop Since 1997 Crisis as Fed Tapers BL
The Flood to Indias Cities Asia Sentinel

Estimating the Risk of a Market Crash Hussman
Record run for stocks has investors nervous about 2014 MW
U.S. Stocks: Heading For A Bubble? BCAR
Dont fret about soaring asset prices  - this time is different Wolfgang Manchau
Bloomberg: For all the losses on Treasuries this year, demand for U.S. government debt remains stronger than before the financial crisis
Stocks $3.7 Trillion Year Beats Bonds Most Ever as Funds Revive BL
The equity culture is not dead
World shares end bumper year, Japan sees best gains since 1972 Reuters
Believe the Forecasters for a Standout 2014 Epstein
The world braces for retirement crisis AP
Americans on Wrong Side of Income Gap Run Out of Means to Cope BL
The West Must Allow a Power Shift in International Organizations, Part 1 Triple Crisis
All quiet on the southern front EB Mish - Smith - Krugman - Ciovacco
Twitter stock surge: Tech bubble 2.0? CNBC
Here's another reason why Carl Icahn is upset FT
Sam Eisenstadt still bullish on stocks Hulbert
Gold Slumps on Way to Worst Year Since 1981 as ETPs Decrease BL
Gold miners braced for asset writedowns after plunge in prices FT
Brainlike Computers, Learning From Experience NYT
Chinas Local Debt Swells to 17.9 Trillion Yuan in Audit BL
China's bad-loan skeletons to haunt markets CNBC
China, South Korea alarmed as yen slide threatens exporters Reuters
The Chinese Dream: Will China Become A Land of Opportunity? Brookings
Monte Paschi faces nationalization threat after cash call delay Reuters
Frances Hollande Gets Court Approval for 75% Millionaire Tax BL
Aussie Dollar Set for Biggest Yearly Drop Since 08 on Fed Taper BL
UK must be less reliant on debt, CBI boss insists Telegraph

2013 in Review Noland
These 10 bubbles will pop in new “Lost Decade” Farrell
Gary Shilling: Review and Forecast Thoughts From FrontLine
Listen to how the S&P 500 performed throughout 2013 CNN
Investor Exuberance at Record Highs BL Video
Investor Expectations Also Need Tapering As We Enter 2014 Harding
Cashin - Fed May Have To Disastrously Reverse QE King
Unemployment Benefits Lapse Severs Lifeline for Longtime Jobless BL
Clawbacks? Theyre Still a Rare Breed Morgenson
U.S. bank watchdogs to consider Volcker rule tweak Reuters
U.S. bank regulators said on Friday they would consider allowing banks to  hold on to certain complex securities despite a new rule limiting risky investments
Florida housing market may get a boost from “boomerang buyers” G&M
...Maddux said the boomerang buyers are necessary to maintain a growing economy as other drivers fade.
U.S. judge expands classes in lawsuits over $34 billion mortgage debt Reuters
U.S. judge says NSA phone surveillance is lawful Reuters
Bitcoin Trading Exchange Coinsetter Files to Raise $1.5 Million BL
Investors worry about liquidity crunch Shanghai Daily
Japan consumer inflation tops 1 percent for first time in 5 years Reuters
European regulators seek prop trading ban for large banks: paper Reuters
Chinas Media Condemns Abe as Boycott Calls Grow on Weibo BL


Treasury 10-Year Note Yields Reach Highest Level Since September BL
Wait-and-see economy slows recovery from Great Recession CNBC
Comparing the inflated cost of living today from 1938 to 2013 MyBudget
El-Erian skeptical of  Fed's QE exit MW
After go-go decade, farmland faces threats Saft Gartmans 2014 Trade
Clients with farmland income may have to adjust expectations... WM
Market is ignoring the bubble in housing: Pro CNBC
Why Corporations Might Not Mind Moderate Depression Krugman  Mish - Smith
Angry Bart Takes His Parting Shot BL
Volcker Rule Challenged in U.S. Court by Bank Group BL
A windfall of Chinese investments in Ohio NYT
Hedge-Fund Millionaire Jumps To His Death After Giving Away Most of His Money NYM
U.S. regulator fines Barclays over decade of records failures Reuters
Bailouts leave a legacy of cronyism: Opposing view USAT
China tops world's gold trading China Daily
Uranium Miners To Benefit From Short- And Long-Term Catalysts Seeking Alpha
Making waves: In the hunt for invisibility, other benefits seen Reuters
Fastest Japan Inflation Since 2008 Stokes Wage Pressure: Economy BL
Abenomics Drives Japanese Hedge Funds to Worlds Best Performers BL
China rapidly racking up debt CNN
China Reviving IPOs, But Doubts Remain IBD
Small jet makers see big chance as China prepares to open skies Reuters
Goodbye Price Stability, Hello Exchange Rate Volatility Triple Crisis
All Is Not Well in Greece Caixin
Japan eyes completion of Fukushima radiation cleanup by March 2017 Kyodo

Jobless Claims in U.S. Fall More Than Forecast CNBC
Vital Signs: Home Sales Rebound Shows Power of Rates WSJ
Five Lessons of 2013, Guaranteed to Be Forgotten Baum
Half & Half: Why Rowing Works Outside The Box
6 market surprises for 2014 Lynn
How will the Dow fare in 2014? Cramer Party On! Saxena
Yen Weakens to Five-Year Low on Policy Outlook
China Estimates 2013 Growth at 7.6% as Challenges Seen Ahead BL
Six years after real estate crash, Ireland's housing market surges G&M
Iranians Pile Into Stocks as Nuclear Detente Triggers 133% Rally BL
Abe Draws China Anger With Visit to Japans Yasukuni War Shrine BL
China media slams Japan PM for paying homage to "devils" Reuters

Sales of New Homes in U.S. Exceeded Forecasts in November BL Prices Climb
Orders for Durable Goods in U.S. Increase More Than Forecast BL
U.S. Store Traffic Sinks 21% as Last-Ditch Deals Flop BL
Gold Trades Below $1,200 as Growth Outlook Curbs Haven Demand BL
Proof Alhambra
Mel Watt on Fannie and Freddie – I want to go back to 2008 Krasting
100 Years Later, The Federal Reserve Has Failed At Everything It's Tried Forbes
For Stocks, Economic Perception Is Reality Ciovacco
US judge defends remarks on financial crisis CNBC

China Money Rate Tumbles Most Since 2011 as PBOC Injects Cash BL
People's Bank of China injects capital into economy to ease credit crunch fear Guardian
China crunch threatens Shadow Banking shock Pritchard
The credit squeeze in China is no longer a local issue and any misjudgment by  the central bank will have global ramifications
Canada Goose Down Jackets All the Rage Chosun

US consumers spend enthusiastically in November Reuters
The Diva is Already Singing Hussman
Lacker: Fed funds rate may hit 2% by end of '15 MW
Doomsday poll: still a 98% risk of 2014 stock crash Farrell
Will the bubble make it to 2015? Hutchinson
A Frustrated Fed Samuelson  100 Years Ago: Why Bankers Created the Fed Mises
The Big Financial Surprises of 2013 WSJ
The Stock Market Sheehan  The Broken Windshield Fallacy McTeer
Bad News for People Who Like Bad News D. Gross
Any Hope Of American Equality Died In The 1980s (And Here's Proof) HP
The evolution of the global FX market VOX
Insight: U.S. early warning system for financial crises gets low marks Reuters
-
OFR 2013 Annual Report OFR
Hedge Funds Cut Gold Bull Bets Amid Record Outflows: Commodities BL
How to Keep Banks From Rigging Gold Prices BL
Even if Bitcoin fails, cryptocurrencies are here to stay FP
China "Fixes" Liquidity Crisis By Banning Media Use Of Words "Cash Crunch" ZH Mish
China's local government debt seen at $3 trillion as of end 2012: think tank Reuters
Russia Crisis Haunts Deutsche Banks Smith Seeing China Bust BL
There is potential for a debt trap in industrial companies which can trigger an economy-wide financial crisis as early as next year
Citic Sees PBOC Staying Out of Market to Curb Debt: China Credit BL
How Tighter Government Spending Contributed to China Rate Spike WSJ
The Speculative Spread: Some Notes Triple Crisis
ECB's Praet says Italy must stay on path to lower debt: paper Reuters
Japan Inc. builds mountain of cash BL
Economic outlook for 2014 is sobering, but...(Australia) Guardian
Indias Art Market Explodes Inde

The Global Week Ahead Scotia
What Has QE Wrought? Mauldin
Dovish or Hawkish Noland
Stumbling Toward the Next Crash NYT
Seven Faces of "The Peril" FRBSL
Strategy: Fed tapering kicked off - what's next? Danske
DJIA Sets Inflation-Adjusted Record High WSJ
Obama Repeals ObamaCare WSJ
Weak Recovery, but Comparatively Good Norris
Global Views Scotia Global Equity BMO
Weekly Focus - 2014: Stronger recovery, low inflation and low rates Danske
2013 Recap, 2014 Look Ahead... In 5 Easy Pieces BMO
Worries About the World Economy for 2014 YALE
Silver Launchpad 2 ZEAL
Billionaire Eric Sprott You Have To Be A Buyer When People Are Non-Believers BMT
Off Limits, but Blessed by the Fed Morgenson
CFTC Issues Standards for Regulating U.S. Banks Overseas Swaps BL
Detroit faces new speedbump in bankruptcy process Reuters
Into the Bitcoin Mines NYT
On the flat lava plain of Reykjanesbaer, Iceland, near the Arctic Circle, you can find the mines of Bitcoin.
From algae to crude oil in less than an hour CNBC

Leading the Charge Against Spains Mortgage Crisis NYT
The Role of Total Hours Worked in Japans (Lack of) GDP Growth FRBSL
Irish Try to Eradicate Ghosts of a Housing Crash NYT

Warren Buffett Made $380.34 a Second in 2013 BL
Third-Quarter Growth in U.S. Revised Higher on Services BL
The Fed Meeting Produced A Mixed Bag Of Contradictory Statements Comstock
A stock market paradox? Fed taper followed by a rally Makin
Inform Act Sprott
Fed Seen Tapering QE in $10B Steps in Next Seven Meetings BL
Housing “Bubble 2.0”; Same as “Bubble 1.0”, only different actors Hanson
Bill Gross Discusses PIMCO™s Unconstrained Bond Strategy PIMCO


The Wild and Cruel Gap Between Debtors and Creditors Nader
Gold heads for biggest annual loss in 32 years Reuters
Gold Climbs From Lowest Close Since 2010 as Goldman Sees Losses BL
Gold slips below $1,200, putting pressure on producers™ bottom line G&M
Shanghai Gold Exchange Contract Volume Surges on Price Slump BL
The Cult of Vitamix BW
S&P cuts EU's AAA rating, European officials dismiss move Reuters
China™s Money Rates Climb, Stocks Slide as Cash Crunch Deepens BL
U.S. says China agrees to more market access Reuters
For China, Christmas is now a season to shop CNBC
Third time's no charm for biggest Hong Kong IPO CNBC
Not Fit for the Next Crisis:Europe's Brittle Banking Union Spiegel
Global Real Estate Trends Scotia



U.S. Jobless Claims Unexpectedly Rise on Holiday Distortions BL
Farewell QE, you have been a magnificent success Pritchard
Fed tapering and emerging markets VOX
What the big money is betting on in 2014 Arrends
Buy Closed-End Munis Kass
How strong is gold™s Wall of Worry? Hulbert
What Gold Is Telling Us About the Future of Stocks Harrison
2013 Festivus Airing of Grievances - I™ve Got a Lot of Problems with You People! Kasriel
Watch US stock-growth disconnect: Blackstone CEO CNBC
This is how history should judge Ben Bernanke Irwin
Oh my, Paul Krugman edition Keen MFaber
Moody's lowers N.J. debt outlook to negative, citing slow recovery NJ
Regulating FX market may prove costly Finance Asia
Foreign exchange is the last unregulated asset class, but that is starting to change...
Recession's over, so who forgot to tell diners? CNBC
SAC's Steinberg found guilty of insider trading Reuters
Volcker Rule Pretty Watered Down, Executives And Consultants Say HP
Bitcoin plummets as China's largest exchange blocks new deposits Guardian
Gold Drops Below $1,200 an Ounce for First Time Since June BL
Zuckerberg to sell Facebook shares worth about $2.3B Reuters
US debt holdings exceed $1.3 trillion China Daily
PBOC Adds Cash to Banks Amid the Biggest Cash Crunch Since June BL
GDP growth seen slowing to 7.3% in 2014 China Daily
Russian bailout wins Ukraine economic respite but deepens political rift Reuters
Chancellor Urges Reforms to Preserve Euro Spiegel


Dow, S&P 500 end at record highs after Fed trims stimulus Reuters
Fed taper begins—what happens next? El-Erian
Federal Reserve issues FOMC statement FRB
Fed faces tough call on bond buying as economy strengthens Reuters
Across Asia, Bracing for the Fed ‘Taper™ WSJ
A Look Inside the Fed™s Balance Sheet WSJ
Fed Monetary Policy Can't Solve Our Economic Ills Poole
Doomsday poll: still a 98% risk of 2014 stock crash Farrell
Keeping It Real JimQ
Funds for a Bull Market™s Peak Barron™s
Mississippi Bitcoin Hutchinson
Wall Street is almost always too optimistic Hulbert
NAHB CEO: Lack of production could cause bubble FOX
On secular stagnation Summers
U.S. preparing civil charges against Citigroup, Merrill Lynch: sources Reuters
Top 10 Dividend-Yielding Stocks of Our Ultimate Stock-Pickers Morningstar
Gold Town Turns to Dust as Metal Decline Shutters Mines BL
Imperial plans $7-billion oil sands project despite cost forecasts G&M
Apocalypse, New Jersey: A Dispatch From America's Most Desperate Town Taibbi
JPMorgan Sued For Chasing Credit Card Debt It Wasn't Owed HP
Credit risks will remain for Asia-Pacific in 2014 Finance Asia
IPOs 'set for record year' in 2014 China Daily
China Home Prices Rose in November as Shenzhen Led Increases BL
China™s Shadow Currency Diplomat
Italy™s president fears violent insurrection in 2014 but offers no remedy Pritchard
Aussie Broken Link With U.S. Yield Spells Drop: Australia Credit G&M
Sterling to go plastic, Bank of England decides Guardian
Japan boosts military forces to counter China BBC


Flat U.S. consumer prices highlight Fed™s tapering dilemma G&M
Squeaky Bum Time Absolute Return
Quoth The Maven, “Evermore” Things That Make You Go Hmmm...
The Monster That Is Europe Mauldin
"The One Percent" Saut
Fed may wait, you shouldn't Saft
™American Hustle™ or new Christmas rally? Farrell
Macro Analytics - 2014 Long
China™s Treasury Holdings Approach Record After Taper Delay BL
Corporate Spreads at Precrisis Levels Morningstar
Tapering Talk: The Impact of Expectations of Reduced Federal Reserve Security Purchases on Emerging Markets Worldbank
IMM Positioning: EUR/USD still in neutral territory Danske
Fed Study Shows Drop in Participation Rate Explained by Retirement Mish
Sundown at the Permabear Alamo RB Keen
Apple to IBM Push Buyback to Record Trading as Volume Slows BL
SEC seeks $1.1 million-plus from ex-Goldman VP Tourre Reuters
Nasdaq fails to win dismissal of Facebook IPO lawsuit Reuters
JPMorgan blocked probe in Madoff case: government official Reuters
Big Bonuses, but a Shift in Who Gets the Biggest Sorkin
Goldman Sachs Aluminum Antitrust Suits Shipped to NYC BL
Wal-Mart Is Selling An Occupy Wall Street Poster Business Insider
China's PMI eases to 3-month low: HSBC China Daily
Investment after crises: Asia 15 years later VOX
Germany™s Coming Downgrade Project Syndicate
Cyclical Outlook for Europe: Recession Ending, but Long-Term Growth... PIMCO
Bets against the Canadian dollar surge G&M
2013 Not Going Down as Year of Canada™s Housing Correction HP
French recession risk threatens political crisis Telegraph
Rising debt, ballooning deficit, and joblessness put Australia on bleak economic path AFP/S
EU Banks Shrink Assets by $1.1 Trillion as Capital Ratios Rise BL

Production Gain Shows U.S. Factories Will Spur Growth: Economy BL
The Coming Retreat in Corporate Earnings Hussman
The Fright Before Christmas, revisited Price
Fed could set off year-end fireworks Reuters
Federal Reserve control of the short-term interest rate EB
Why the Federal Reserve must taper quantitative easing before Christmas Elliott
Home prices in Bay Area return to bubble peaks Sac Bee  Dr. HB
The Budget Deal Stabilizes Nothing Epstein
Mr. Hyde and Mr. Hyde Sheehan
J.P. Morgan  sees S&P up 20% in 2014 MW
Basel risk weights can™t be trusted VOX
JP Morgan to ban staff from instant messaging Telegraph
Is Wall Street Now Too Big to Care? BW
Gold Funds See Unprecedented 31% Slump as World Loses Faith BL
Speculators Most Bullish Since October Before Drop: Commodities BL
Big bitcoin: Wall St., Silicon Valley take notice CNBC
Why Bitcoin Will Never Be a Currency—in 2 Charts Atlantic
Meet the 'Real' Wolf of Wall Street BL Video
Yuan Overvalued by About 30%, Beamish Says BL Video
Survey: China manufacturing growth slows slightly AP
China bubble fears return Stephen
Chinese banks feel the pain Finance Asia
Japan business mood hits 6-year high as 'Abenomics' takes hold Reuters
Japan Tankan Shows Limits on Spending as Companies Cautious BL
A Tale of Two Cities: America's Bipolar Climate Future Spiegel
India Leaks $344 Billion in Dirty Money WSJ
Chinese spacecraft lands on moon CNN

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