wiar 12-13-17

Mary FanslauWhat I Am Reading

Dec 13 (Wednesday)

Markets
Companies’ actual tax rate may already be a shockingly low, calculates Wall Street economist Ed Yardeni (C)
‘Buy the Dip’ Has Never Been More Popular in U.S. Stocks (B)
Want to Make Money in Industrial Metals Next Year? Ask China How (B)
Rising Auto Sales Make a Rhodium ETF the Top-Performing Commodity Fund (B)

Central banks
As the Fed Deliberates, Amazon Is Making Its Job More Difficult (W)
For the First Time in Nine Months, the Market Expects Two Fed Hikes in 2018 (B)
Fed has failed to tighten financial conditions (FT)

US
How Highway Stimulus Spending Turned into a Dead End (FRB-SL)

Europe
Should we KoKo? SPD mulls way out of German impasse (FT)
EU Prepares to Discuss a Long-Delayed Trade Deal With Britain (W)

China
The West Faces Reality: China Won’t Become ‘More Like Us’ (W)

US politics
GOP Is Leaning Toward 21% Corporate Tax Rate (B)
U.S. Tax Plan Draws Ire Abroad, Prompts Calls for Cuts (W)
Here’s Where the GOP Tax Plan Stands Right Now (B)
Law professors published a 34-page list of ways people will game the GOP tax plan (BI)
Trump Rips Senator Over Her Calls for His Resignation (W)
Millions of People Post Comments on Federal Regulations. Many Are Fake. (W)

Geopolitics
How North Korea’s Global Financing Web Works Around Sanctions (W)

Industries & companies
Media: ‘Star Wars: The Last Jedi’ Review: Action and Angst of Galactic Proportions (W)
Media: Net Neutrality: A Case Study With JetBlue and Amazon (W)
Media: Facebook to Give Countries a Chance to Tax Its Profits From Local Ads (W)
Media: Facebook to stop booking ad sales through Irish HQ (FT)

Corporate finance
Boeing climbs to record high on $18bn buyback move (FT)
Unibail Who? French Mall Owner to Buy Westfield for $15.7 Billion (W)

Cryptocurrencies
SEC Halts a Real Initial Coin Offering (B) | Press Release
Bitcoin Debit Card May Be Behind 40 Percent Rally in Recent IPO (B)
What’s Fueling Bitcoin’s Rise? Millions of Asian Investors (W)