A happy Friday to all! Looks like we're going into the weekend with futures a bit up in metals and a bit down in stocks, after yesterday's downside reverse. Morning reading:
Asia stocks mixed as Chinese inflation at 18-month-low Economic Times - 4 hours ago< HONG KONG: Asian stocks were mixed Friday after weak Chinese inflation data raised concerns about the risk of deflation in the world's second-largest economy but also opened the door to possible stimulus measures from Beijing.I'm worried about a crisis bigger than 2008: Dr. Doom The 2008 financial crisis could be just a precursor to a more severe economic fallout on the horizon, closely followed contrarian investor Marc Faber tells CNBC. CNBC
United States credit card system begins complete overhaul in the next 18 months The United States is lagging behind most of the world when it comes to credit card technology, but luckily it's about to catch up. In the next 18 months, the US is gearing up to transition debit and credit ...
Could take 5-8 years to shrink Fed portfolio: Yellen By Jonathan Spicer and Tim Ahmann NEW YORK/WASHINGTON (Reuters) - The U.S. Federal Reserve is in no rush to decide the appropriate size of its balance sheet, but if it ultimately shrinks it to a pre-crisis size, the process could take the better part of a decade, Fed Chair Janet Yellen said on… Reuters
House Republicans Propose Controversial Tax Vote House Democrats on Wednesday found themselves in the odd position of arguing against a tax credit that they generally support out of fear that its passage would endanger the success of other tax credit bills that they also favor. House Republicans brought a bill to the floor that would expand a tax… The Fiscal Times