Economics and Investing:
Items from Mr. Econocobas: China Welcomes IMF Backing to Make Yuan World Reserve Currency Car Loans Hit $1 Trillion for First Time Japan Relapses into Recession in July-September, a Blow to ‘Abenomics’ Items from Professor Preponomics: Nordstrom: The Religion of Consumption Has Proven Unfulfilling (Market Watch) It’s Official. Obama Wants to Help You Manage Your Retirement Savings. (Zero Hedge) Jury Finds Ernst & Young Liable for Millions in Damages Related to the Madoff Ponzi Scheme (Reuters) Postal Service Tallies $5.1B Loss Even As Revenues Rise (U.S. News) 100 American CEOs Have More Wealth Than 116 Million Americans (My Budget 360) …