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    • The World in 2013: Who’s Winning in Mobile?

      Landline phones were largely replaced by mobile phones in 2001 and 11 years later it appears personal computers are headed in the same direction. The number of Internet-connected mobile devices are projected to surpass the number of desktop and laptop personal computers in use in 2013.

      According to The Economist’s Daniel Franklin, mobile companies received $3.9 billion in venture capital investments in the first half of 2012 -- 46% of all venture capital invested. More funding went into mobile firms in 2011 than in any year since 2001, Franklin tells The Daily Ticker.

      So what does this mean for technology companies? Facebook (FB) bought photo-sharing app Instagram, a mobile-only service, for nearly $1 billion this year, but the the social media company's ability to emerge as a winner in the mobile world is unclear.

      Related: Facebook’s Instagram Backtracks: “It Is Not Our Intention to Sell Your Photos,” Says Co-Founder

      Advertising rates are lower for mobile phones and Facebook is

      Read More »from The World in 2013: Who’s Winning in Mobile?
    • Gary Shilling has been a long-time advocate of bonds, and he's not changing his tune as the market heads into the new year.

      Stocks, up four years running, will be trying in 2013 to extend the rally that started all the way back in March 2009. But Shilling, president of economic consulting firm A. Gary Shilling & Co., says the impending recession requires investors to be cautious about equities.

      "I think you play it with a 'risk-off' kind of approach," he says in an interview with The Daily Ticker. "And that means you probably look for more appreciation in long-term Treasury bonds, which have been a favorite of mine since 1981."

      Shilling has been a believer in bonds for more than three decades and he's not altering that position now.

      "Stocks are vulnerable," he notes. Looking ahead, he's expecting the yield on the 30-year Treasury to decline to 2% and for the yield on the 10-year note to drop to 1% from current levels.

      Related: Bill Gross: Fed's "Hot Air" Will Keep Bond Bubble Afloat

      Read More »from Forget Stocks? Shilling’s Backing Bonds for 2013
    • After getting burned in 2011 by betting against Treasuries, Bill Gross learned a time-honored lesson: Don't fight the Fed.

      "Of course there is" a bubble in the bond market, PIMCO's founder and co-CIO tells The Daily Ticker. "[But] I don't think rates are going to go much higher...the Fed is blowing lots of air - some say hot - and constantly inflating the bubble."

      As announced at its most recent FOMC meeting, the Fed plans to buy $45 billion of Treasury securities per month starting in January, in addition to the $40 billion of mortgage-backed-securities it has been buying.

      The $80 billion to $90 billion of checks per month will "keep that balloon inflated," says Gross.

      While acknowledging the Fed's power to "keep that balloon inflated," Gross does not believe its powers are unlimited.

      "Ultimately, over time, not necessarily in next three to six-months, [quantitative easing] creates an inflationary impact," says the manager of the $285 billion PIMCO Total Return (PTTRX) fund and its

      Read More »from Bill Gross: Fed’s “Hot Air” Will Keep Bond Bubble Aloft in 2013
    • Income tax rates will go up for all Americans next month if lawmakers in Washington cannot come to a resolution on the so-called fiscal cliff. Even a deal will likely boost rates on capital gains and dividends, affecting investors in all asset classes.

      Capital gains taxes — the tax one pays when selling an investment — are expected to increase to at least 23.8% from the current top rate of 15%. The higher rate includes the 5% tax increase and a new 3.8% tax on investment income (applicable to high-income earners only) to pay for provisions in the president’s Affordable Care Act. The proposed new rate is still historically low; long-term capital gains were taxed at nearly 30% from 1986 through 1997, according to the Tax Policy Center. New York City has the highest capital gains taxes in the country. President Obama would like to raise the dividend tax rate to 39.6% on wealthy Americans (the same rate during the Clinton administration) from 15% -- essentially taxing dividend gains as

      Read More »from Bill Gross’ Tips for “Beating the Wealth Tax”

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