NewsWatch: Fund managers have turned bullish in a hurry, Bank of America survey finds

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MARKETWATCH FRONT PAGE

According to the Bank of America fund manager survey, global growth expectations have shot up 22 percentage points over two months to a net 29% of those surveyed saying the world economy will accelerate next year — the biggest 2-month jump in growth expectations on record. See full story.

The real cable news bias isn’t what you think

Social-media amplification gives cable news greater influence than they deserve, says Paul Brandus. See full story.

This ‘Ponzi scheme’ surrounding development leaves most cities and towns functionally insolvent

Elected officials fail to ask whether a new development producing enough wealth to fund the long-term maintenance of its own infrastructure—let alone public safety and other government services. See full story.

More borrowers are getting rejected for auto loans

Unemployment matched a 50-year low of 3.5% in November, but a New York Federal Reserve Bank survey released on Monday shows more U.S. borrowers this year getting rejected for car loans. See full story.

Elizabeth Warren wouldn’t be the first to try a wealth tax — how did the others do?

New research details what happened to other countries that tried taxing wealth See full story.

MARKETWATCH PERSONAL FINANCE

New research details what happened to other countries that tried taxing wealth See full story.

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