10 Monday Reads: Rising Riches and Hubble Bubbles

Barry Ritholtz is a Bloomberg View columnist writing about finance, the economy and the business world. He started the Big Picture blog in 2003 and is the founder of Ritholtz Wealth Management, an asset management and financial planning firm.
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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