10 Monday Reads: Rising Riches and Hubble Bubbles

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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Good Monday morning. These are the items that will make the start of your week a little better informed:

• Rising riches: 1 in 5 in U.S. reaches affluence (USA Today) but see also Cash is still king for affluent investors (FT)

• The Hubble bubble theory of the continuous expansion of the financial universe (FT Alphaville)

• WSJ vs NYT: Fed Closes In on Bond Exit (WSJ) but see Fed's Plan to Taper Stimulus Effort Not Expected Until Next Year (NY Times)

• Why Canada and the U.S. should merge, eh? (WSJ)

• Prosperity Lives in the City (Bloomberg) see also Companies say goodbye to the 'burbs: Young talent wants to live in Chicago, not Libertyville (WSJ)

• Epic Fail: The Rise and Fall of Demand Media (Variety)

• China Mobile Adds the iPhone Follow-up (strat?chery) see also Why Technology Price Drops Are Not Proof of Deflation (TBP)

• Did Prohibition Reduce Drinking? (Priceonomics)

• Federal Flood Maps Left New York Unprepared for Sandy -- and FEMA Knew It (ProPublica)

• 75 Simple British Slang Phrases You Should Probably Start Using (LifeHack)

What are you reading?

Innovation and Investment Pop Commodity Price Bubble

Source: WSJ

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Barry L Ritholtz at britholtz3@bloomberg.net