Links 1 December 2014

Global Macro / Markets / Investing:

• U.S. Treasury Bonds Beating S&P 500 This Year – Forbes
• The Worst Year for Active Stockpickers in Three Decades – The Economist
• Oil Seen in New Era as OPEC Won’t Yield to U.S. Shale – Bloomberg
• Russia’s Oil Giant Battles Debt After $55 Billion Deal – Bloomberg
• OPEC Policy Ensures U.S. Shale Crash, Russian Tycoon Says – Bloomberg
• Oil: The Good, the Better, the Ugly – Wall Street Journal
• Could oil collapse cause next credit crisis? – CNBC
• Here Comes $60 Oil as OPEC Tests U.S. Shale: Chart of the Day – Bloomberg
• Krugman: The End of Artificially Low Rates – New York Times
• Oil price slide leads to energy sector turmoil – Financial Times
• Oil Prices Are Plunging. Here’s Who Wins and Who Loses – New York Times
• Economic Growth in the Age of Diminishing Labor – Cato Institute
• Inequality: Good for the rich, bad for the poor – VOX

North America: