Financial Markets and Economy
Barclays bets on stock boom as world money growth soars (The Telegraph)
Barclays has advised clients to jump into world stock markets with both feet, citing the fastest growth in the global money supply in over thirty years and an accelerating recovery in China .
Ian Scott, the bank’s global equity strategist, said the sheer force of liquidity will overwhelm the first interest rate rises by the US Federal Reserve, expected to kick off next month.
The reason Pfizer doesn't have to care what politicians say about its $160 billion merger (Business Insider)
It took no time for news of a $160 billion merger between Pfizer and Allergan to spur objections from several presidential candidates.
The deal will allow Pfizer to move its domicile from the US to Ireland, where its tax bill will fall drastically. The politicians see this expatriation as a slap in the face.
Wall St. Ticks Upward Amid Global Instability Fears (NY Times)
Energy stocks rose, but shares of airlines and travel companies sank as investors feared a drop in travel and vacation spending.
Singapore to Trump Hong Kong in Millionaire Growth (Bloomberg)
Singapore will outpace Hong Kong in growth in the ranks of millionaires over the next five years, with about one in 30 people qualifying as high net worth by 2020, swelled by Indians and Chinese keen to avoid social unrest, according to WealthInsight.
Third-quarter GDP upped to 2.1% from 1.5% (Market Watch)
The U.S. economy grew faster in the third quarter than originally reported, though by no means at a breakneck pace.
Gross domestic product — the sum of the nation’s economy — rose at a 2.1% annual clip from July through September, fresh government figures show. Initially GDP was reported to have risen by 1.5%.
The Fed is trying to make it easier for staff members to complain (Business Insider)
The Federal Reserve wants to make it easier for staff members to complain.
In a release on Tuesday, the Fed announced that it will change how it regulates and supervises big banks, and among these changes will be the establishment of a procedure for staff members to present diverging views.
Russia-Turkey tensions spotlight those stocks with most to lose (Yahoo! Finance)
From gas exporters to airlines, Russian and Turkish companies have much to lose should ties between the two nations worsen.
Russia was the biggest source of Turkey’s imports in 2014 at about $25 billion, surpassing China, according to data compiled by Bloomberg. Some 12 percent of all tourists to Turkey were from Russia last year, second only to Germany, Renaissance Capital said in a research note on Tuesday.
Hewlett Packard Enterprise First-Quarter Forecast Falls Short (Bloomberg)
HP Inc. forecast first-quarter profit that may miss analysts’ estimates as personal-computer and printer sales slump, highlighting the challenges facing the stand-alone business after splitting up with its corporate technology and services arm.
The single most important determinant of long-term stock market returns (Business Insider)
The stock market's price-earnings (P/E) ratio is probably the most popular and straightforward measure of stock market value out there.
Profits are down and wages are up — and that’s what we need (Market Watch)
For years, analysts have lamented that the gains in the recovery since the Great Recession have filtered to the top, via stock-market gains and corporate profits.
Dollar Falls for First Time in 3 Days on Consumer Sentiment Drop (Bloomberg)
The dollar fell for the first time in three days after data showed consumer confidence unexpectedly declined in November to the lowest level in more than a year.
These maps show how the Chinese economy conquered the world in a decade (Business Insider)
The pace of China's growth as a major global trading economy over the past 30 years is almost unprecedented in economic history.
Countries have grown at a similarly rapid pace before, but they've never made up such a large portion of the global economy.
Common Generic Drug Prices Are Hardly Going Up at All (Bloomberg)
Price tags on branded drugs are stillrisingat more than 10 percent.
Gold Daily and Silver Weekly Charts – Quiet Option Expiration (Jesse's Cafe Americain)
Gold and silver both caught a bid this morning on a flight to safety after the key US ally Turkey shot down a Russian jet allegedly infringing on their border with Syria for a matter of less than seventeen seconds.
Economic Takeaways of Americans' Confidence, Third-Quarter GDP (Bloomberg)
What you need to know about Tuesdays U.S. economic data.
China's Earliest Monthly Economic Indicators Flash Warning Sign (Bloomberg)
Chinas economyis still showing a muted response to waves of monetary and fiscal easing as of the half-way mark for the last quarter of the year, some of the earliest indicators suggest.
The future of the bank branch is in trouble — here's why (Business Insider)
Millennials are increasingly turning to digital banking channels to perform their banking activities, and they're visiting their banks' branches less often than ever before.
SP 500 and NDX Futures Daily Charts – Traditional Thanksgiving Week Rally And More War, Huzzah! (Jesse's Cafe Americain)
"War against a foreign country only happens when the moneyed classes think they are going to profit from it."
Politics
One thing Democrats and Republicans have in common (Market Watch)
Republicans and Democrats agree on one thing: Neither trusts the government very much.
Only 19% of Americans say they trust the government “always or most of the time,” according to a survey released Monday by the Pew Research Center, a nonpartisan, nonprofit think tank based in Washington, D.C. That figure breaks down to 26% of Democrats or Democratic-leaning independents, and 11% of Republicans or Republican-leaners. (Pew Research interviewed 6,000 people between Aug. 27 and Oct. 4.)
Donald Trump's Politics of Fear (The Atlantic)
Two days after ISIS attacked Paris, The New York Times published a front-page storysuggesting that terrorism’s new centrality to the presidential race might be “prompting voters to reconsider their flirtations with unconventional candidates and to take a more sober measure of who is prepared to serve as commander in chief.”
Obama, France’s Hollande vow to step up fight against ISIS (Market Watch)
President Barack Obama and French President François Hollande agreed Tuesday on the need for European nations and others to contribute more to the U.S.-led military campaign against Islamic State, but said they don't believe Russia should yet be included in the coalition.
Technology
Weird Wheels Move Robot In Four Directions Without Twisting (Popular Science)
This Mecanum wheel mobile Arduino robotics car can be made to move in any direction and turn by varying the direction and speed of each wheel. Moving all four wheels in the same direction causes forward/backward movement, running left/right sides in opposite directions causes rotation, and running front and rear in opposite directions causes sideways movement. The platform rear wheels are mounted in a particular way, so that the suspension structure ensures that all four wheels can adhere to the ground, even when the ground is uneven.
Health and Life Sciences
No surgery required for new heart valve implant (Futurity)
Researchers have developed a prosthetic heart valve that doctors could implant through a small incision to treat mitral regurgitation.
The invention may benefit patients who are cannot have an operation to replace or repair the diseased valve.
How Walnuts Can Psych You Into Eating A Healthier Diet (Forbes)
A smart new study in the journal BMJ Open Diabetes Research & Care, starts to really tease apart the connections between walnuts, diet and heart health. Previous research has certainly found links between nuts and cardiovascular health, and it makes good sense: the omega fatty acids in walnuts, among their many other nutrients, are thought to explain the link. But the new study finds something slightly different. Although people who added walnuts to their diets reaped a number of heart benefits, so did people who were asked to exclude walnuts from their diets. The only thing that improved in the walnut group was how healthy people ate otherwise – which suggests that adding a single healthy food to one’s diet may work at least as much psychologically as physiology.
Life on the Home Planet
What ISIS Really Wants (The Atlantic)
What is the Islamic State?
Where did it come from, and what are its intentions? The simplicity of these questions can be deceiving, and few Western leaders seem to know the answers. In December, The New York Times published confidential comments by Major General Michael K. Nagata, the Special Operations commander for the United States in the Middle East, admitting that he had hardly begun figuring out the Islamic State’s appeal. “We have not defeated the idea,” he said. “We do not even understand the idea.” In the past year, President Obama has referred to the Islamic State, variously, as “not Islamic” and as al-Qaeda’s “jayvee team,” statements that reflected confusion about the group, and may have contributed to significant strategic errors.
