Linkfest: How Cohen avoided jail; Soros on political challenges; Bill Gross’s tough year

Categories: Linkfest

Today’s most shared: Why Steven Cohen isn’t in jail… Soros: Strong US, weak Europe, China a huge question mark, political challenges dominate… Gross’s annus horribilis… Financial repression… China’s liquidity crisis, and chronic issues… Greatest worries… best tweets of 2013.

Why SAC Capital’s Steven Cohen Isn’t in Jail
Bloomberg Businessweek
The U.S. government managed to shut down his hedge fund, but SAC Capital founder Steven Cohen has so far avoided the prospect of time behind bars.
shared by @LaurenLaCapra, NYT Dealbook, @mccarthyryanj, @eisingerj, @MattGoldstein26
 
The World Economy’s Shifting Challenges — George Soros
Project Syndicate
As 2013 comes to a close, efforts to revive growth in the world’s most influential economies – with the exception of the eurozone – are having a beneficial effect worldwide. All of the looming problems for the global economy are political in character.
shared by @TheStalwart, @prchovanec, Business Insider, FT Alphaville
 
Gross’s Mistake on Fed Taper Echoes Across Pimco Funds
Bloomberg
Bill Gross, the money manager known as “The Bond King,” misjudged the timing and impact of the Federal Reserve’s plan to scale back its asset purchases in 2013, spurring the Pimco Total Return Fund’s biggest decline in almost two decades.
shared by @volatilitysmile, @TimOBrien, @NicTrades
 
Pimco’s Bill Gross suffers torrid 2013
Financial Times
The flagship bond fund run by Pimco’s Bill Gross last year suffered its worst annual performance in almost two decades, while equity funds focusing on smaller companies were buoyed by signs of a western economic recovery.
shared by @davidmwessel, @naufalsanaullah, @prchovanec, @Pawelmorski
 
IMF paper warns of ’savings tax’ and mass write-offs as West’s debt hits 200-year high
The Telegraph
Debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, warns IMF paper.
shared by @mhewson_CMC, @fiatcurrency, Naked Capitalism, reddit/Economics
 
Manhattan apartment sales hit record high
Financial Times
Sales of Manhattan apartments have hit a fourth-quarter record, with wealthy international buyers competing with New Yorkers to get a foot in the door as prices soar.
shared by Business Insider, Naked Capitalism, @lindayueh
 
Academics and Wall Street
Financial Times
If you don’t trust the hand that feeds the researcher, do or fund your own research. Failing that, judge every bit of research on the quality of the argument and the empirical evidence provided. And remember that everyone in the research industry is ultimately funded or influenced by someone with an interest somewhere down the chain.
shared by @retheauditors, @Kiffmeister
 
China’s Runaway Train Is Running Out of Track
Bloomberg
Last week, for the second time in six months, interest rates in the critical interbank lending market spiked above 10 percent, prompting fears of a liquidity crisis that would trigger mass defaults and cripple the world’s second-largest economy.
shared by FT Alphaville, @vshih2, @prchovanec
 
Why China can’t take over the world
Quartz
The truth is that for most of its history, China has struggled to overcome a number of chronic difficulties that have usually kept it from global preeminence.
shared by @markgongloff, reddit/Economics, @Noahpinion, @ReformedBroker, @michaelsderby
 
How Netflix Reverse Engineered Hollywood
The Atlantic
To understand how people look for movies, the video service created 76,897 micro-genres. We took the genre descriptions, broke them down to their key words, … and built our own new-genre generator.
shared by @StKonrath, Felix Salmon, @kevinjdelaney, @BuzzFeedBen
 
Happy New Year? Here’s What 33 CEO’s are Worrying About in 2014 – Corporate Intelligence
Wall Street Journal
We asked the Wall Street Journal’s CEO Council, a group of chief executives who meet annually, to tell us what development outside their control might significantly affect their businesses in 2014.
shared by @moorehn, @CMEGroup
 
15 Best Finance Tweets of the Year: 2013
thinkadvisor.com
A Nasdaq crash, a government shutdown, a whale of a JPMorgan PR fail and more: a look back at the year in tweets.
shared by @ReformedBroker, @bclund
 

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