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Monday, December 10, 2012

Financial news: 12/10/2012

• Reuters: Capital gains tax hike in '13 a reason for '12 selling
• Fox: Fed's debt monetization impotent against "Fiscal Cliff" effect
• ZH: Avoiding higher national debt costs an impossible $8 trln/yr
• AP: GOP will consider tax increase alongside entitlement reform
• NYT: Mortgage litigation weakening bank profits & R.E. recovery
• CNBC: Game theory points to weak "Fiscal Cliff" negotiations 
• BI: Mortgage points only pay off for mid-long term home owners
• BBC: German Bundeskbank forecasts .4% GDP growth in '13
• Bloomberg:Down market reaction expected on Monti resignation
• CNN Money: Chinese inflation rose 2% in November

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