Heirs of Mao’s Comrades Rise as New Capitalist Nobility. Bloomberg Who is the Canadian linked with 11 reverse-merger failures? Globe and Mail

Steven A. Cohen: A Fascination of Wall St., and Investigators. NYTimes Inside The Bank of England’s Bullion Vault. YouTube The Jim Cramer Of China. Businessweek

Rich managers, poor clients. The masters of the universe have been humbled. Economist  see also: Hedge funds have had another lousy year, to cap a disappointing decade. Going nowhere fast.

“What aspects of society can I bribe with promises to get myself power?” Rick Rule Audio. King World News Japan’s Shinzo Abe prepares to print money for the whole world. Telegraph

Gerard Depardieu flees France to seek asylum from Socialist wealth tax. Telegraph Why don’t bad ideas ever die? Rithotlz, WaPo

The Top Five Career Regrets. Harvard Business Review If you don’t know where you’re going, any road will take you there. ♫ Outrageous HSBC Settlement Proves the Drug War is a Joke. Rolling Stone China Had Its Best Day In Years Last Night. Business Insider The Dumbest Thing You’ll Hear All Day. Reformed Broker The transparent DealBook conference. Reuters … Continue Reading

Last Monday, Haywood Securities energy analyst Al Knowles gave Petroamerica Oil Corp. his highest rating, Sector Outperform, and a C$.55 price target. At press time, shares in PTA had reached C$.34, an 18 month high. Haywood’s Mr. Knowles is optimistic about PTA’s Las Maracas oil field in Colombia, as we have been since August, when… Continue Reading

“The price of gold and the U.S. stock market will both hit record highs in 2013, contend forecasters at Merrill Lynch.’ Merril ‘unapologetically bullish’ for 2013. Globe and Mail Blankfein, Dalio, Schwarzman, Rubenstein, Krugman + Commentary. Live Blog: DealBook’s Post-Election Conference. NYTimes “The “expected and therefore fully priced in” excuse for an unchanged market does not work.” El-Erian: Historic… Continue Reading

“Government spends too much time on things that don’t matter to taxpayers. Did you know our province still has the Ontario Film Review Board? This provincial agency reports to the Ministry of Consumer Services, has 19 paid board members and might have made sense when it was created in 1911. But are the movies suitable… Continue Reading

Fed Expands Asset Buying, Links Rates to Joblessness, Prices. Bloomberg “One of the most mysterious market phenomena is momentum – the tendency for fast-rising stocks to keep going up. How come such an obvious market anomaly is not arbitraged away?” The financial system: Market failure. Economist “The Chinese are hardworking, literate, relatively obedient and totally obsessed… Continue Reading

FRONT RUN THE FED! “It’s going to be massive and open-ended in size.” Fed Seen Pumping Up Assets to $4 Trillion in New Buying. Bloomberg Joe Wiesenthal Interviews Jan Hatzius. Goldman’s Top Economist Explains The World’s Most Important Chart, And His Big Call For The US Economy. Business Insider Swashbucklers Transformed, and Now Much Tamer. Dealbook

Haywood Securities initiates coverage of Petroamerica Oil Corp. (C:PTA) with a Sector Outperform rating and a price target of C$0.55. Read our coverage of PTA, and do your own due diligence. Petroamerica Representations of value, or the unexpected double history of banking and the art world. Gold, Golden, Gilden, Glittering. Believer “No money EVER gets made in meetings.” How I… Continue Reading

Life is unfair. The Gospel of Wealth Fails the Inequity Test in Primates. Scientific American Shots fired… Taibbi vs. Carney. “What the banking system really needs is a guy who will step in and force bankers to go back to being boring, risk-averse drips who lend businesses money to buy new equipment or fleets of trucks… Continue Reading

“The lies are screaming to the heavens.” Dan Gertler Earns Billions as Mine Deals Leave Congo Poorest Nation. Bloomberg “With commodity-supply constraints easing, Chinese growth slowing and producer-company returns normalizing,” it is tempting to say the super-cycle is over, Currie wrote. “Current developments are simply the next phase of a commodity-investment cycle that began in… Continue Reading

“We lower our 3-, 6- and 12-mo gold price forecasts to $1,825/toz, $1,805/toz and $1,800/toz and introduce a $1,750/toz 2014 forecast.” Gold cycle set to turn on improving US recovery. Goldman Sachs “He completely lost the narrative,” one investor told us. “It was obvious the ECB would not let that happen.” Paulson Said to Blame Bet Against… Continue Reading