5 Reasons Why Warren Buffet Is Wrong About Hedge Funds


Difficult Decisions for the Fed (Bloomberg)U.S. Federal Reserve Bank must weigh the risks of inflation, stagnation and jobs ahead of QEII decision.

Ford Beats Estimates; Debt Position Improves(CNBC.com)Ford Motors earned $1.7 billion, or 43 cents a share, coming out ahead of analyst's consensus for the quarter. Perhaps more important, Ford predicts that it will be net debt neutral by the end of the year.

A Closer Look at Negative Bond Yields (New York Times)The NYT examines fears of inflation, deflation, and currency devaluation.

5 Reasons Why Warren Buffet Is Wrong About Hedge Funds (BusinessInsider)Insider Monkey critiques Buffets's analysis of the "2-and-20 crowd", via Business Insider.

Strong growth in U.K. (Reuters) "Britain's economy grew twice as fast as expected in the third quarter of this year, easing fears the recovery is faltering and dimming the chance of more quantitative easing from the Bank of England."

Citi CEO & Bank of England President at Loggerheads over Capital Requirements (Financial Times) In an ongoing debate over Basel III requirements, BOE's King wants deeper capital cushions; Citi's Pandit sees potential issues for broader U.S. economy if plans are implemented.

Yuan Skeptic (BusinessInsider)Michael Pettis at Business Insider takes a contrarian position on the rise of the Renminbi as a rival to the U.S. dollar for the title of global reserve currency.

America No Longer in top 20 Most Corrupt Nations, According to New Rankings. (CNBC.com)