Linkfest: Inequality overstated? Exchange heads say, kill dark pools; Is a house a better investment than stocks?
Categories: Linkfest
Today’s most shared:
- Is inequality overstated?
- Exchanges, unsurprisingly, don’t like dark pools and think all trading should take place on exchanges.
- Is a house a better investment than the stock market? When your starting point is ‘short housing’ i.e. you need a roof over your head, adding a large illiquid housing asset to your portfolio can actually reduce risk.
- Efficient Market Theory: ‘Baloney’, per Cliff Asness.
- Globalization may have been in decline for the last 7 years.
- Einhorn calls tech bubble.
- Appeals court judge questions insider trading convictions.
- Why economics failed.
Why do some economists say the increase in inequality has been overstated?
vox.com
The dispute hinged on a variety of conceptual issues, but also on the existence of different sources of data about income.
shared by @morningmoneyben, reddit/Economics, @ATabarrok, @ezraklein
vox.com
The dispute hinged on a variety of conceptual issues, but also on the existence of different sources of data about income.
shared by @morningmoneyben, reddit/Economics, @ATabarrok, @ezraklein
Thomas Piketty is Absolutely Right
New Republic
The economist of the moment says inequality will get worse and worse unless we do something about it. Here’s everything you need to know about ’Capital in the Twenty-First Century’
shared by FT Alphaville, Marginal Revolution, @ATabarrok, @Noahpinion
New Republic
The economist of the moment says inequality will get worse and worse unless we do something about it. Here’s everything you need to know about ’Capital in the Twenty-First Century’
shared by FT Alphaville, Marginal Revolution, @ATabarrok, @Noahpinion
Killing Dark Pools Is CME Chairman’s Fix for Broken Stock Market
Bloomberg
Terrence Duffy, who as executive chairman of CME Group Inc. oversees the world’s largest futures exchange, has a solution for those seeking to fix the U.S. stock market: kill dark pools.
shared by @HamzeiAnalytics, reddit/Economics, @JoeSaluzzi, @JohnLothian
Bloomberg
Terrence Duffy, who as executive chairman of CME Group Inc. oversees the world’s largest futures exchange, has a solution for those seeking to fix the U.S. stock market: kill dark pools.
shared by @HamzeiAnalytics, reddit/Economics, @JoeSaluzzi, @JohnLothian
Is buying a house a better investment than buying stock?
vox.com
Buying a home is risky, but it often makes financial sense because it’s so heavily subsidized. But that’s not a reason to think the policy of subsidization is a good idea.
shared by @delong, @ModeledBehavior, @Noahpinion
vox.com
Buying a home is risky, but it often makes financial sense because it’s so heavily subsidized. But that’s not a reason to think the policy of subsidization is a good idea.
shared by @delong, @ModeledBehavior, @Noahpinion
Cliff Asness Forbes Interview: Efficient Market Theory ’Is Baloney’
valuewalk.com
AQR Capital’s Chief Investment Officer Cliff Asness describes his unique value & momentum quant strategy in a new interview.
shared by @JacobWolinsky, @ToddSullivan, @Alea_
valuewalk.com
AQR Capital’s Chief Investment Officer Cliff Asness describes his unique value & momentum quant strategy in a new interview.
shared by @JacobWolinsky, @ToddSullivan, @Alea_
Why Apple has stopped growing
Quartz
Apple CFO Peter Oppenheimer predicted in January that Apple will generate the same amount of revenue this past quarter—the company releases its financials today—as it did a year ago. Analysts agree with him.
shared by @jennablan, Reformed Broker, @moorehn, @larsonchristina, Abnormal Returns
Quartz
Apple CFO Peter Oppenheimer predicted in January that Apple will generate the same amount of revenue this past quarter—the company releases its financials today—as it did a year ago. Analysts agree with him.
shared by @jennablan, Reformed Broker, @moorehn, @larsonchristina, Abnormal Returns
Goldman Sachs Stands Firm as Banks Exit Commodity Trading
Bloomberg
Goldman Sachs Group Inc., whose three top executives began their careers at the firm in the commodity-trading unit, is poised to gain market share as pressure from regulators drives competitors to scale back.
shared by @LaurenLaCapra, Here Is The City, @JohnLothian, Crossing Wall Street
Bloomberg
Goldman Sachs Group Inc., whose three top executives began their careers at the firm in the commodity-trading unit, is poised to gain market share as pressure from regulators drives competitors to scale back.
shared by @LaurenLaCapra, Here Is The City, @JohnLothian, Crossing Wall Street
“Lowflation” Yet to Harm Euro-Zone Recovery
Wall Street Journal
Ultra-low inflation, or “lowflation,” as the International Monetary Fund has dubbed it, may be the latest “angst of the week” moment for the euro zone.
shared by @delong, @ObsoleteDogma, @CMEGroup
Wall Street Journal
Ultra-low inflation, or “lowflation,” as the International Monetary Fund has dubbed it, may be the latest “angst of the week” moment for the euro zone.
shared by @delong, @ObsoleteDogma, @CMEGroup
Globalization’s Peak Year Was 2007
Bloomberg Businessweek
A McKinsey study documents a big retreat and a slow comeback since the recession.
shared by @FGoria, @petercoy, @Bloomberg
Bloomberg Businessweek
A McKinsey study documents a big retreat and a slow comeback since the recession.
shared by @FGoria, @petercoy, @Bloomberg
Bill Ackman Gets into the Hostile Takeover Business
bloombergview.com
The ’80s are back, baby!
shared by @danprimack, @MattGoldstein26, @KidDynamiteBlog, @IvanTheK
bloombergview.com
The ’80s are back, baby!
shared by @danprimack, @MattGoldstein26, @KidDynamiteBlog, @IvanTheK
To Gauge Jobs Progress, Fed Should Focus on Wages: Former BOE Officials
Wall Street Journal
The Federal Reserve should focus on evidence of wage gains rather than falling unemployment as a sign the economy is improving enough to start raising interest rates, two former Bank of England officials say.
shared by @delong, @ryanavent, @Fullcarry, reddit/Economics, @D_Blanchflower
Wall Street Journal
The Federal Reserve should focus on evidence of wage gains rather than falling unemployment as a sign the economy is improving enough to start raising interest rates, two former Bank of England officials say.
shared by @delong, @ryanavent, @Fullcarry, reddit/Economics, @D_Blanchflower
Einhorn: Tech bubble brewing, shorting momentums
CNBC
In a letter to investors David Einhorn of Greenlight Capital said he’s witnessing a tech bubble and has bet against a number of momentum stocks.
shared by Business Insider, @SaraEisen, Here Is The City, reddit/Economics
CNBC
In a letter to investors David Einhorn of Greenlight Capital said he’s witnessing a tech bubble and has bet against a number of momentum stocks.
shared by Business Insider, @SaraEisen, Here Is The City, reddit/Economics
Citigroup’s leaders say company is still too complex
Reuters
The two men at the top of Citigroup Inc , the third-biggest U.S. bank and the most international, acknowledged on Tuesday that the company must do more to simplify itself.
shared by @eisingerj, @pdacosta, NYT Dealbook, @SconsetCapital, @HamzeiAnalytics
Reuters
The two men at the top of Citigroup Inc , the third-biggest U.S. bank and the most international, acknowledged on Tuesday that the company must do more to simplify itself.
shared by @eisingerj, @pdacosta, NYT Dealbook, @SconsetCapital, @HamzeiAnalytics
Appeals Court Raises Doubts About Government’s Insider Trading Case
New York Times
A federal appeals court picked apart the government’s case against two former hedge fund traders, questioning whether the judge in the trial erred when instructing jurors.
shared by @matt_levine, @markgongloff, @JeffMacke, @MattGoldstein26
New York Times
A federal appeals court picked apart the government’s case against two former hedge fund traders, questioning whether the judge in the trial erred when instructing jurors.
shared by @matt_levine, @markgongloff, @JeffMacke, @MattGoldstein26
Josh Barro: Why Economics Failed Us, in 297 Words
New York Times
An economist’s famously brief 2007 graduation speech is accurate, but its omissions presage the policy failures in the crash that would soon follow.
shared by @TheStalwart, @Noahpinion, @edwardnh, @UpshotNYT, @jbarro, @moorehn
New York Times
An economist’s famously brief 2007 graduation speech is accurate, but its omissions presage the policy failures in the crash that would soon follow.
shared by @TheStalwart, @Noahpinion, @edwardnh, @UpshotNYT, @jbarro, @moorehn
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!