Linkfest: The decline of the American middle class; Bank reform; How goals can both motivate, misguide
Categories: Linkfest
Today’s most shared:
- The decline of the American middle and lower classes. Recent history looks increasingly like ‘trickle-up’ economics.
- Bank reform proves hard as Basel rules spare many derivatives which could result in contagion; Euro banking union remains unwieldy and burdens periphery.
- Goals create incentives, but also distort economic decisions.
- Owning a home has many benefits but is not a surefire path to high returns.
- Piketty’s ‘Capital’ continues to stoke debate.
- Sweden turning Japanese as deflation takes hold?
The American Middle Class Is No Longer the World’s Richest
New York Times
After three decades of slow growth, median income in the U.S. appears to trail that of Canada. Poor Americans now make less than the poor in several other countries.
shared by @markgongloff, @ATabarrok, @newsycombinator, @NickTimiraos
New York Times
After three decades of slow growth, median income in the U.S. appears to trail that of Canada. Poor Americans now make less than the poor in several other countries.
shared by @markgongloff, @ATabarrok, @newsycombinator, @NickTimiraos
JPGoldman Stanley Intact as Basel Change Keeps Bank Ties
Bloomberg
The largest U.S. banks can remain entangled with each other now that global regulators have loosened proposed limits on the financial web that led to investor panic in 2008 and prompted bailouts.
shared by @markgongloff, reddit/Economics, @JohnLothian, @nasiripour
Bloomberg
The largest U.S. banks can remain entangled with each other now that global regulators have loosened proposed limits on the financial web that led to investor panic in 2008 and prompted bailouts.
shared by @markgongloff, reddit/Economics, @JohnLothian, @nasiripour
Euro-Zone Fiscal Colonialism
New York Times
The European Commission has done Germany’s bidding: featherbedding its banks at Southern Europe’s expense.
shared by @anatadmati, @BrunoBrussels, @interfluidity, @CardiffGarcia
New York Times
The European Commission has done Germany’s bidding: featherbedding its banks at Southern Europe’s expense.
shared by @anatadmati, @BrunoBrussels, @interfluidity, @CardiffGarcia
How Underpaid German Workers Helped Cause Europe’s Debt Crisis
New York Times
The stagnation in wages for the German working and middle class was intentional, and is still being felt as European economies struggle to recover.
shared by @SPIEGEL_English, @M_C_Klein, @IvanTheK, @jbarro, @volatilitysmile, @UpshotNYT
New York Times
The stagnation in wages for the German working and middle class was intentional, and is still being felt as European economies struggle to recover.
shared by @SPIEGEL_English, @M_C_Klein, @IvanTheK, @jbarro, @volatilitysmile, @UpshotNYT
What Good Marathons and Bad Investments Have in Common
New York Times
Sometimes we make bad economic decisions because we’re straining to avoid the pain of a loss.
shared by @davidmwessel, @JustinWolfers, @UpshotNYT, @TimHarford, @mccarthyryanj
New York Times
Sometimes we make bad economic decisions because we’re straining to avoid the pain of a loss.
shared by @davidmwessel, @JustinWolfers, @UpshotNYT, @TimHarford, @mccarthyryanj
Owning a home is not a particularly lucrative investment. So why do Americans still think it is?
Washington Post
Americans wrongly think that owning a home is a great financial move.
shared by @ObsoleteDogma, @crampell, @morningmoneyben, @Richard_Florida
Washington Post
Americans wrongly think that owning a home is a great financial move.
shared by @ObsoleteDogma, @crampell, @morningmoneyben, @Richard_Florida
"Capital" and its discontents
The Economist
If there were not a large class of influential people convinced that distributional issues in an economy are not especially important, there would have been no reason for Thomas Piketty to write his book.
shared by @foxjust, reddit/Economics, @ObsoleteDogma, @Alea_, @EpicureanDeal, @Pawelmorski
The Economist
If there were not a large class of influential people convinced that distributional issues in an economy are not especially important, there would have been no reason for Thomas Piketty to write his book.
shared by @foxjust, reddit/Economics, @ObsoleteDogma, @Alea_, @EpicureanDeal, @Pawelmorski
Thomas Piketty’s Vision of a Global Wealth Tax
Foreign Affairs
Tyler Cowen: Why a Global Tax on Wealth Won’t End Inequality
shared by @tomkeene, @kairyssdal, Marginal Revolution, @ianbremmer
Foreign Affairs
Tyler Cowen: Why a Global Tax on Wealth Won’t End Inequality
shared by @tomkeene, @kairyssdal, Marginal Revolution, @ianbremmer
Hedge funds drive to another record
Wall Street Journal
The alternative-asset managers collected a net $26.32 billion of new cash in the first quarter, pushing assets to a peak of $2.7 trillion.
shared by @ritholtz, @hedge_funds, @JohnLothian, Reformed Broker
Wall Street Journal
The alternative-asset managers collected a net $26.32 billion of new cash in the first quarter, pushing assets to a peak of $2.7 trillion.
shared by @ritholtz, @hedge_funds, @JohnLothian, Reformed Broker
Deflation in Sweden: Svensson’s Advice is the Problem, Not the Solution
newmonetarism.blogspot.com
shared by Credit Writedowns, @edwardnh, @Noahpinion, @MarkThoma
newmonetarism.blogspot.com
shared by Credit Writedowns, @edwardnh, @Noahpinion, @MarkThoma
Sweden Turns Japanese
New York Times
The sadomonetarists, with their gut dislike of low interest rates, have claimed another victim.
shared by Credit Writedowns, @edwardnh, reddit/Economics, @ryanchittum
New York Times
The sadomonetarists, with their gut dislike of low interest rates, have claimed another victim.
shared by Credit Writedowns, @edwardnh, reddit/Economics, @ryanchittum
StreetEYE.com follows the best ‘curators’ on the web and social media, and finds all the top financial news right now, as voted by you.
Please help us pick the most important stories you think should appear in this linkfest by voting here!