Emerging Markets
Is China About to Let the Yuan Rise? Don’t Hold Your Breath – China Real Time Report – WSJ
China’s World: Beijing Should Scrap the GDP Target – WSJ.com
North America
Gates Faults Obama Over Afghanistan – WSJ.com
U.S. trade deficit smallest in four years; imports weak | Reuters
“This measure goes into the calculation of gross domestic product, and November’s decline could see economists bump up their fourth-quarter growth estimates.”
US oil boom drives trade deficit to four-year low – FT.com
Unforeseen U.S. Oil Boom Upends Markets as Drilling Spreads – Bloomberg
In trimming QE, low inflation a cause for caution: Fed’s Rosengren | Reuters
What Alan Greenspan Has Learned Since 2008 – Justin Fox – Harvard Business Review
Skin in the game — how to make economic models contact reality | LARS P. SYLL
“I don’t believe in bubbles, but excess lending is certainly possible given all the moral hazard built into our financial system.”
Calculated Risk: CoreLogic: House Prices up 11.8% Year-over-year in November
1-in-3 People Experienced Spell of Poverty From 2009 to 2011 – Real Time Economics – WSJ
Puerto Ricans Flock North Away From Battered Economy – WSJ.com
Selling Puerto Rico Cofina 3.0 | MuniLand
Banks face new probe over mortgage bond trades post 2008: WSJ | Reuters
Econbrowser: Progress in Rebalancing
On the US economy, manufacturing and other issues
Europe
Investors Snap Up Ireland’s Bonds – WSJ.com
Bundesbank May Gain ECB Ally as Latvian Joins Policy Team – Bloomberg
Euro zone unemployment still at record high, but retail sales rebound | Reuters
Euro-Zone Retail Sales in Surprise Surge – WSJ.com
BBC News – Eurozone inflation rate falls to 0.8%
BBC News – Romania and Bulgaria migration issue divides Germans
Eurozone losing ‘safety margin’ against deflation trap as core gauge falls to record low – Telegraph
Bundesbank warns over ‘highly speculative’ Bitcoin – FT.com
ekathimerini.com | Imports drop 15.3 pct, exports down by 22.6 percent in November
Markets
Investors Chronicle – Saxo’s outrageous predictions for 2014
David Rosenberg: Expect a blow-out year | Talking Numbers – Yahoo Finance
Grantham: Contrarian Sticks to His Guns – TheStreet
Technology
Apple seeks removal of court-appointed antitrust monitor | Reuters
Panasonic’s next GH mirrorless camera will record 4K video, arrive late February for under $2,000
Vizio’s 4K Ultra HD TVs start at $1,000 for a 50-inch set (video)
T-Mobile Ads Confirm UnCarrier 4 Plans: Pay ETFs for Families Who Transfer | Droid Life
How the NSA (may have) put a backdoor in RSA’s cryptography: A technical primer | CloudFlare Blog
Kanye’s Lawyer Moves to Block Coinye – Digits – WSJ
T-Mobile CEO John Legere kicked out of AT&T’s CES party | The Verge
I love this guy. He is single handedly shaking up the whole industry.