wiar 12-26-18

Mary FanslauWhat I Am Reading

December 26 (Wednesday)

YRI Video Podcast
Daily Markets Overview

Markets I
Stocks Pushed to the Brink of a Bear Market on Christmas Eve (B)
Stocks may try to bounce but are heading for worst December ever (C)
What Stock Sectors Rose in 2018? After Monday, None of Them (B)
Market panic enters late stages, sharp rebound coming soon, strategist Jim Paulsen says (C)
Don’t let volatility in the market be a lump of coal in your stocking (U)
In Stormy Markets, Berkshire Hathaway Stock Can Be a Haven (BR)

Markets II
Why Mnuchin’s reassurance about US banks left markets confused (NN)
Treasury Department’s odd attempt to reassure investors may have just backfired (MW)
Trump Blasts Fed as Mnuchin Bids to Reassure Investors (W)
Blame the Federal Reserve for the tanking stock market (NYP)
How Disastrous If The Fed Could – And Did – Falsify The Yield Curve’s Crucial Message (F)

Central banks
Rate futures market says Fed is all but done with hikes (R)
Four New Voters to Join Fed’s Key Panel Amid Rate-Increase Uncertainty (W)
BOJ divided over side effects of easy policy: October minutes (R)

Chance of Recession Rises to the Highest Level of the Trump Presidency (C)
One Year Later, Benefits From Corporate Tax Cut Seem Muted (W)
Why December’s ugly stock market is very bad news for California’s finances (C)

The Miseducation of Emmanuel Macron (B)

China Vows More Support for Private Sector Buffeted by Slowdown (B)
Idle Hands in China Workshops as Foreign Car Makers Struggle With Zombie Factories (W)
It Doesn’t Matter if Ecuador Can Afford This Dam. China Still Gets Paid. (NYT)

US politics
Trump digs in heels on government shutdown: ‘It’s not going to reopen until we have a wall’ (C)
Trump has unsettled Wall Street and Washington, and it will likely get worse (C)

Geopolitics & trade
Turkey Amasses Troops, Tanks on Syria Border as It Plans to Take Over ISIS Fight (W)
How Huawei Took Over the World (W)

Massive Connecticut Estate Sells for 50% off (W)