Get ready, here it comes: A December taper
CNBC
Several of the Fed’s own financial tests for reducing its asset purchases look to have been met as it heads into the Dec. 17th meeting.
shared by @MattGoldstein26, @BCAppelbaum, @aarontask, @ObsoleteDogma
 

Regulators Set to Approve Tougher Volcker Rule
New York Times
Five federal agencies are expected to vote to approve the Volcker Rule on Tuesday — though some might do so in private because of a snow storm in Washington — representing a potential shift in the balance of power in financial reform.
shared by @lucymarcus, Naked Capitalism, @volatilitysmile, Reformed Broker
 

Volcker Rule Contains New Hurdles for Banks on Market Making, Compensation
Wall Street Journal
shared by @nancefinance, @LorcanRK, @DavidSchawel
 

Germany and France close on banking union deal
Financial Times
Europe is on the brink of a banking union deal that will bring a “real revolution” to its financial system, France’s finance minister predicted, as he signalled differences with Germany on a system to fund failed banks were narrowing.
shared by @OpenEurope, @mhewson_CMC, @fiatcurrency, @GTCost, @gusbaratta
 

Why Is Everybody Sitting on Huge Piles of Cash?
Bloomberg
Despite a plethora of bubble talk, chatter about high cyclically adjusted price-earnings valuations and market tops, investors have been carrying an awful lot of cash.
shared by @mark_dow, @pdacosta, @ritholtz
 

Hedge-Fund Guy Cohen’s Plausible Deniability
Bloomberg
If Mathew Martoma was ever going to strike a deal with the government and turn against his former boss, Steven A. Cohen, he probably would have done it a long time ago.
shared by @JohnLothian, @TimOBrien, @MattGoldstein26
 

ECB: Money and monetary institutions after the crisis
European Union
shared by @LemaSabachthani, @ecb, @naufalsanaullah, @graemewearden
 

Warren Buffett’s Meeting with University of Maryland MBA Students
umd.edu
shared by @TheStalwart, NYT Dealbook, @danprimack, Business Insider
 

The 5 Golden Rules Of Finance
Business Insider
Keep it simple.
shared by @EddyElfenbein, @ReformedBroker, Reformed Broker, @TMFHousel
 

St. Louis Fed’s Bullard Discusses Tapering, Forward Guidance and Fed Communications
stlouisfed.org
shared by @BCAppelbaum, @LemaSabachthani, @IvanTheK, Business Insider
 

Low inflation is becoming a major headache
Financial Times
In most countries, headline CPI inflation has been falling significantly since the end of 2011, and it has now dropped to less than 1 per cent in both the US and the euro area.
shared by Abnormal Returns, @MarkThoma, @gavyndavies
 

Why Do Measures of Inflation Disagree?
frbsf.org
Inflation as measured by the personal consumption expenditures price index is near historical low levels, below the Federal Reserve’s 2% longer-run goal. Another common inflation measure, the consumer price index, is also historically low, but remains closer to 2%. The recent gap between these two measures is due largely to the cost of shelter, which makes up a larger proportion of the CPI consumption basket. Based on history, the gap between the two inflation measures should close at a rate of 0.05 percentage point per month.
shared by @ryanavent, @BCAppelbaum, @MarkThoma, @CardiffGarcia
 

Robert Shiller Blasts Fellow Nobelists’ Ideas To Their Face During His Acceptance Presentation
Business Insider
Shiller believes efficient markets are a myth, and that market moves very frequently do not correspond with investors’ best interests.
shared by @JamesGRickards, reddit/Economics, @Kelly_Evans
 

This Year’s Rally in Five Charts
Wall Street Journal
With the end of the year approaching, here’s a look at the stock market’s record-setting rally and some big themes heading into 2014.
shared by @jennablan, @ReformedBroker, @iSharesETFs
 

For IPOs, 2013 Nears Busiest Year Since Dot-Com Era
Wall Street Journal
By at least one count, the number of initial public offerings in 2013 is about to rise to the most since the dot-com era, marking yet another sign of the equity market’s strength his year.
shared by @ritholtz, @hblodget, @HamzeiAnalytics