Linkfest: Loeb’s skeletons; Fama v. Santelli; Fink and Greenspan on bubbles; Apple’s cash
Categories: Linkfest
Today’s most shared: Dan Loeb profile… Sears’s decline… SAC’s guilty plea… Hilarity ensues when Fama, who thinks markets are uber-efficient, meets Santelli, who thinks that they are manipulated by Fed… Fink sees bubbles… Greenspan thinks there were bubbles on his watch, but he probably wouldn’t have done anything different… WSJ tech columnist, business editor disagree on Apple’s cash.
Dan Loeb’s Skeletons: Did He Hit a Young Cuban Kid in a 2002 Car Accident?
Vanity Fair
Associates tell William D. Cohan Loeb is not “brilliant” nor a traditionally “smart” guy, but his trashtalk and persistence make him “the Kanye West of Wall Street.”
shared by @LaurenLaCapra, @kevinroose, @mccarthyryanj, @ThemisSal
Vanity Fair
Associates tell William D. Cohan Loeb is not “brilliant” nor a traditionally “smart” guy, but his trashtalk and persistence make him “the Kanye West of Wall Street.”
shared by @LaurenLaCapra, @kevinroose, @mccarthyryanj, @ThemisSal
For Once-Mighty Sears, Pictures of Decay
New York Times
Sears said it was looking to split off its Lands’ End and Sears Auto Center brands, and its shares rose almost 12 percent on Tuesday.
shared by @ritholtz, @JeffMacke, @davewiner, The Big Picture
New York Times
Sears said it was looking to split off its Lands’ End and Sears Auto Center brands, and its shares rose almost 12 percent on Tuesday.
shared by @ritholtz, @JeffMacke, @davewiner, The Big Picture
Do investors have too much information?
Fortune
Investors don’t seem to think so — but the SEC does.
shared by @jasonzweigwsj, The Big Picture
Fortune
Investors don’t seem to think so — but the SEC does.
shared by @jasonzweigwsj, The Big Picture
SAC to Plead Guilty to Securities Fraud
Wall Street Journal
SAC will plead guilty to securities fraud as part of a landmark criminal insider-trading settlement with federal prosecutors set to be announced by next week.
shared by @TheStalwart, @kevinroose, @nancefinance, Naked Capitalism
Wall Street Journal
SAC will plead guilty to securities fraud as part of a landmark criminal insider-trading settlement with federal prosecutors set to be announced by next week.
shared by @TheStalwart, @kevinroose, @nancefinance, Naked Capitalism
Is There Any Appropriate Reaction to This on the Part of Eugene Fama?
Brad DeLong
The profound cluelessness as to what is going on in financial markets today is mind-numbing.
shared by @ObsoleteDogma, @MarkThoma, @IvanTheK, @TheStalwart
Brad DeLong
The profound cluelessness as to what is going on in financial markets today is mind-numbing.
shared by @ObsoleteDogma, @MarkThoma, @IvanTheK, @TheStalwart
JP Morgan sees ’most extreme excess’ of global liquidity ever
The Telegraph
If you think there is far too much money sloshing through the global financial system and causing unstable asset booms, you are not alone.
shared by @carney, @EconBrothers, @mhewson_CMC, @hblodget
The Telegraph
If you think there is far too much money sloshing through the global financial system and causing unstable asset booms, you are not alone.
shared by @carney, @EconBrothers, @mhewson_CMC, @hblodget
BlackRock’s Fink Says There Are ‘Bubble-Like Markets Again’
Bloomberg
BlackRock Inc. Chief Executive Officer Laurence D. Fink, whose company is the world’s largest money manager with $4.1 trillion in assets, said Federal Reserve policy is contributing to “bubble-like markets.”
shared by Business Insider, Naked Capitalism, @nasiripour, Reformed Broker
Bloomberg
BlackRock Inc. Chief Executive Officer Laurence D. Fink, whose company is the world’s largest money manager with $4.1 trillion in assets, said Federal Reserve policy is contributing to “bubble-like markets.”
shared by Business Insider, Naked Capitalism, @nasiripour, Reformed Broker
Alan Greenspan Rediscovers Keynes, Sort Of
New Yorker
Despite the former Fed chairman’s U-turn on bubbles and his flirtation with behavioral economics, he hasn’t repudiated much of what he said and did in the past.
shared by @ObsoleteDogma, @MarkThoma, Reformed Broker
New Yorker
Despite the former Fed chairman’s U-turn on bubbles and his flirtation with behavioral economics, he hasn’t repudiated much of what he said and did in the past.
shared by @ObsoleteDogma, @MarkThoma, Reformed Broker
Man buys $27 of bitcoin, forgets about them, finds they’re now worth $886k
theguardian.com
Bought in 2009, currency’s rise in value saw $27 turn into enough to buy an apartment in a wealthy area of Oslo. By Samuel Gibbs
shared by @carney, @kevinroose, @ChrisAdamsMKTS, Here Is The City
theguardian.com
Bought in 2009, currency’s rise in value saw $27 turn into enough to buy an apartment in a wealthy area of Oslo. By Samuel Gibbs
shared by @carney, @kevinroose, @ChrisAdamsMKTS, Here Is The City
Part of J.P. Morgan’s Deal with U.S. is at risk of collapse
Wall Street Journal
Part of a multibillion-dollar deal between J.P. Morgan Chase & Co. and the U.S. is at risk of collapsing over a disagreement about the bank’s effort to be reimbursed by a government-controlled fund, according to people familiar with the discussions.
shared by Business Insider, @LaurenLaCapra, @nasiripour, Huffington Post
Wall Street Journal
Part of a multibillion-dollar deal between J.P. Morgan Chase & Co. and the U.S. is at risk of collapsing over a disagreement about the bank’s effort to be reimbursed by a government-controlled fund, according to people familiar with the discussions.
shared by Business Insider, @LaurenLaCapra, @nasiripour, Huffington Post
Rep. Frank: Revamped Mortgage Rules a ‘Grave Error”
Wall Street Journal
An architect of the 2010 Dodd-Frank law is accusing federal regulators of watering down new mortgage rules in the face of opposition from the housing industry.
shared by @petereavis, @moorehn, @nasiripour
Wall Street Journal
An architect of the 2010 Dodd-Frank law is accusing federal regulators of watering down new mortgage rules in the face of opposition from the housing industry.
shared by @petereavis, @moorehn, @nasiripour
Who’s Right About Apple’s Cash Pile: Cook or Icahn?
Wall Street Journal
In Monday’s High Definition column, Farhad Manjoo argued that Apple should either keep its cash on hand or make some big changes in products and services. Wall Street Journal Business Editor Dennis Berman disagreed. Debate ensued.
shared by The Big Picture, @davidgaffen, Felix Salmon, @AlephBlog, @mccarthyryanj
Wall Street Journal
In Monday’s High Definition column, Farhad Manjoo argued that Apple should either keep its cash on hand or make some big changes in products and services. Wall Street Journal Business Editor Dennis Berman disagreed. Debate ensued.
shared by The Big Picture, @davidgaffen, Felix Salmon, @AlephBlog, @mccarthyryanj
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Photo credit: Fortune.cnn.com — Do investors have too much information?