Linkfest: Strong economic recovery MIA amid financial market recovery; Flawed punditocracy; JPMorgan too big to manage?
Categories: Linkfest
Today’s most shared: So far, strong global economic recovery is the dog that didn’t bark amid financial market recovery… Did China kill your dog (literally)? …. Shades of Internet bubble with hot IPOs, raised price targets, silly season… Doomsayer pundits and talking heads talking their book… JPMorgan too big to manage? … Bitcoin gets Street cred.
No global recovery yet
The Telegraph
The world economy is still becalmed. World trade volume fell 0.8% in August. The next cycle of growth has not yet reached "escape velocity".
shared by @DanielAlpert, @volatilitysmile, @EconBrothers, @D_Blanchflower
The Telegraph
The world economy is still becalmed. World trade volume fell 0.8% in August. The next cycle of growth has not yet reached "escape velocity".
shared by @DanielAlpert, @volatilitysmile, @EconBrothers, @D_Blanchflower
Bank Born Out of Black Death Struggles to Survive
Bloomberg
Siena, the medieval city renowned for its Palio horse races, is home to the world’s oldest bank. Within its aging walls lies a distinctly 21st century tale of devastation wrought by local politicians and global financiers.
shared by @ritholtz, @faisalislam, Here Is The City, @lucymarcus
Bloomberg
Siena, the medieval city renowned for its Palio horse races, is home to the world’s oldest bank. Within its aging walls lies a distinctly 21st century tale of devastation wrought by local politicians and global financiers.
shared by @ritholtz, @faisalislam, Here Is The City, @lucymarcus
Analyst Raises Amazon Price Target To $400 A Share!
Business Insider
A Wall Street analyst, Jordan Rohan of Stifel, has raised his price target on Amazon to $400 a share.
shared by @ritholtz, @ReformedBroker, @IvanTheK, @KidDynamiteBlog
Business Insider
A Wall Street analyst, Jordan Rohan of Stifel, has raised his price target on Amazon to $400 a share.
shared by @ritholtz, @ReformedBroker, @IvanTheK, @KidDynamiteBlog
Addicted to the Apocalypse
New York Times
The sky is falling! The sky is falling. When it comes to all the talk of economic catastrophe, why are these disaster fantasies taken so seriously?
shared by @TheStalwart, Business Insider, reddit/Economics, @IvanTheK
New York Times
The sky is falling! The sky is falling. When it comes to all the talk of economic catastrophe, why are these disaster fantasies taken so seriously?
shared by @TheStalwart, Business Insider, reddit/Economics, @IvanTheK
Google Should Buy Twitter Before The IPO
uncrunched.com
A few years ago Google had the opportunity to buy Twitter but passed on the opportunity because they were developing Google+ and didn’t think they needed it.
shared by @newsycombinator, @Techmeme, @Dvolatility
uncrunched.com
A few years ago Google had the opportunity to buy Twitter but passed on the opportunity because they were developing Google+ and didn’t think they needed it.
shared by @newsycombinator, @Techmeme, @Dvolatility
China Killed Your Dog. Are You Next?
Bloomberg
Has your dog exhibited unpleasant health effects — such as, oh, death — after eating jerky treats imported from China? If so, the U.S. Food & Drug Administration would really “like to hear from you or your veterinarian.”
shared by @JT_HALL, @TheStalwart, @kevinroose, @ritholtz, @DutyOfYouth
Bloomberg
Has your dog exhibited unpleasant health effects — such as, oh, death — after eating jerky treats imported from China? If so, the U.S. Food & Drug Administration would really “like to hear from you or your veterinarian.”
shared by @JT_HALL, @TheStalwart, @kevinroose, @ritholtz, @DutyOfYouth
The Scholars Who Shill for Wall Street
thenation.com
In Wall Street’s campaign to beat back new regulations, its most eloquent allies have been academics. guess who’s paying them for their “expert” commentary?
shared by @JustinWolfers, @ThemisSal, Naked Capitalism, @Noahpinion
thenation.com
In Wall Street’s campaign to beat back new regulations, its most eloquent allies have been academics. guess who’s paying them for their “expert” commentary?
shared by @JustinWolfers, @ThemisSal, Naked Capitalism, @Noahpinion
JPMorgan’s $31 Billion In Legal Costs Prove It’s Just Too Big
Huffington Post
JPMorgan Chase has racked up more than $31 billion in fines, penalties and legal settlements since 2009, according to a rough tally by The Huffington Post — evidence the bank is too big to be safely managed.
shared by @DonQuixote1950, @kairyssdal, @AntDeRosa, @CorporateGroupi
Huffington Post
JPMorgan Chase has racked up more than $31 billion in fines, penalties and legal settlements since 2009, according to a rough tally by The Huffington Post — evidence the bank is too big to be safely managed.
shared by @DonQuixote1950, @kairyssdal, @AntDeRosa, @CorporateGroupi
J.P. Morgan Could Face Review of Banking Charter
Wall Street Journal
A top regulator told U.S. prosecutors a criminal case against the lender could trigger a review of its banking charter.
shared by @JacobWolinsky, @cate_long, @IvanTheK, @nasiripour
Wall Street Journal
A top regulator told U.S. prosecutors a criminal case against the lender could trigger a review of its banking charter.
shared by @JacobWolinsky, @cate_long, @IvanTheK, @nasiripour
Economists are horrible people, study says
salon.com
Why does the invisible hand want to slap you across the face? Because it belongs to a jerk, apparently.
shared by @JacobWolinsky, @pkedrosky, @ReformedBroker, Reformed Broker, @Richard_Florida
salon.com
Why does the invisible hand want to slap you across the face? Because it belongs to a jerk, apparently.
shared by @JacobWolinsky, @pkedrosky, @ReformedBroker, Reformed Broker, @Richard_Florida
Bitcoin endorsed by top hedge fund manager
Financial Times
Financial advisers who gathered in New York to hear leaders of the asset management industry impart their best investment ideas for the year ahead were given a surprising tip by one prominent hedge fund manager: Bitcoin.
shared by @carney, NYT Dealbook, @SimoneFoxman, @JacobWolinsky, @saraeisenFX, @Kiffmeister
Financial Times
Financial advisers who gathered in New York to hear leaders of the asset management industry impart their best investment ideas for the year ahead were given a surprising tip by one prominent hedge fund manager: Bitcoin.
shared by @carney, NYT Dealbook, @SimoneFoxman, @JacobWolinsky, @saraeisenFX, @Kiffmeister
Citi forecasts Greek devastation, unstoppable debt spirals in Italy and Portugal
The Telegraph
If Citigroup is right, the slight rebound in Europe over the summer will not be enough to stop Club Med going from bad to worse, with a string of soft defaults/restructurings.
shared by @mhewson_CMC, Naked Capitalism, reddit/Economics, @tomkeene
The Telegraph
If Citigroup is right, the slight rebound in Europe over the summer will not be enough to stop Club Med going from bad to worse, with a string of soft defaults/restructurings.
shared by @mhewson_CMC, Naked Capitalism, reddit/Economics, @tomkeene
Greece in the Caribbean
The Economist
Puerto Rico, an American territory, risks a Greek-style bust. With $70 billion of debt outstanding, the equivalent of 70% of its GDP, it is more indebted than any of America’s 50 states.
shared by @economistmeg, @cate_long, Reformed Broker, @spignal
The Economist
Puerto Rico, an American territory, risks a Greek-style bust. With $70 billion of debt outstanding, the equivalent of 70% of its GDP, it is more indebted than any of America’s 50 states.
shared by @economistmeg, @cate_long, Reformed Broker, @spignal
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Photo credit: Bloomberg.com – China Killed Your Dog. Are You Next?