Linkfest: Greek bounce; German FX policy blasted; Bubbles, bears and tribes
Categories: Linkfest
Today’s most shared: Greece stock market tops performance league tables… Bill Gross on taxing the 1%… US, Italy fault euro exchange rate. German beggar-thy-neighbor policy? … Bears in short supply as story stocks build tribes of boosters… Cash for clunkers seen a clunker.
Greek Recovery Makes Stocks World’s Best as Paulson Buys
Bloomberg
Greek stocks, once shunned by investors concerned that a default would force the nation out of the euro, are beating almost every market in the world as a six- year recession eases and new investors consider purchases.
shared by @ritholtz, The Big Picture, @JacobWolinsky, Reformed Broker, @EfiEfthimiou
Bloomberg
Greek stocks, once shunned by investors concerned that a default would force the nation out of the euro, are beating almost every market in the world as a six- year recession eases and new investors consider purchases.
shared by @ritholtz, The Big Picture, @JacobWolinsky, Reformed Broker, @EfiEfthimiou
Scrooge McDucks
PIMCO
With the budget and debt ceiling crises temporarily averted, perhaps a future economic priority will be to promote economic growth; one way to do that may be via tax reform.
shared by @fiatcurrency, @hblodget, @ErikSchatzker, @cate_long, @Kelly_Evans
PIMCO
With the budget and debt ceiling crises temporarily averted, perhaps a future economic priority will be to promote economic growth; one way to do that may be via tax reform.
shared by @fiatcurrency, @hblodget, @ErikSchatzker, @cate_long, @Kelly_Evans
Mediobanca hints at Italian euro exit unless Germany shifts on EMU policy
The Telegraph
The exchange rate is bringing Italy’s worrying matters to a head.
shared by reddit/Economics, @gusbaratta, @FGoria, @LorcanRK, @mhewson_CMC
The Telegraph
The exchange rate is bringing Italy’s worrying matters to a head.
shared by reddit/Economics, @gusbaratta, @FGoria, @LorcanRK, @mhewson_CMC
Are markets at risk of 1999-style Fed bubble?
CNBC
With speculations about a market bubble, analysts said that investors are not appreciating the risk of another 1999-style bubble.
shared by The Big Picture, @EconBrothers
CNBC
With speculations about a market bubble, analysts said that investors are not appreciating the risk of another 1999-style bubble.
shared by The Big Picture, @EconBrothers
Japan Salaries Extend Fall as Abe Urges Companies to Raise Wages
Bloomberg
Japan’s salaries extended the longest slide since 2010, even as Prime Minister Shinzo Abe urges companies to raise workers’ wages as part of his bid to reflate the world’s third-largest economy.
shared by @prchovanec, Naked Capitalism, reddit/Economics, @Noahpinion
Bloomberg
Japan’s salaries extended the longest slide since 2010, even as Prime Minister Shinzo Abe urges companies to raise workers’ wages as part of his bid to reflate the world’s third-largest economy.
shared by @prchovanec, Naked Capitalism, reddit/Economics, @Noahpinion
Treasury report to Congress on FX policies
US Treasury
Treasury report to Congress on FX policies
shared by @JamesGRickards, @fiatcurrency, @faisalislam, @ObsoleteDogma
US Treasury
Treasury report to Congress on FX policies
shared by @JamesGRickards, @fiatcurrency, @faisalislam, @ObsoleteDogma
Spanish banks to get 28 billion euros capital boost from state – sources
Reuters
Spain will give its banks a 28 billion euro ($38.6 billion) capital boost by allowing them to transform so-called deferred tax assets into tax credits backed by the state and count them as core capital under new Basel III rules, sources said on Wednesday.
shared by @jsphctrl, @JacobWolinsky, @LorcanRK, @economistmeg, @gusbaratta
Reuters
Spain will give its banks a 28 billion euro ($38.6 billion) capital boost by allowing them to transform so-called deferred tax assets into tax credits backed by the state and count them as core capital under new Basel III rules, sources said on Wednesday.
shared by @jsphctrl, @JacobWolinsky, @LorcanRK, @economistmeg, @gusbaratta
Stock Tribes
The Reformed Broker
From my perch at the crossroads I’ve been watching the formation of several tribes materializing around some of the highest-flying cult stocks, predominantly within the tech sector. There is a Tesla Tribe and a Google Tribe and an Amazon Tribe and a Facebook Tribe and a Netflix Tribe and probably a handful of others right now.
shared by @JacobWolinsky, @KidDynamiteBlog, @abnormalreturns
The Reformed Broker
From my perch at the crossroads I’ve been watching the formation of several tribes materializing around some of the highest-flying cult stocks, predominantly within the tech sector. There is a Tesla Tribe and a Google Tribe and an Amazon Tribe and a Facebook Tribe and a Netflix Tribe and probably a handful of others right now.
shared by @JacobWolinsky, @KidDynamiteBlog, @abnormalreturns
Bear hunting
Financial Times
John Authers takes the "Long View", while James Mackintosh the "Short View" on investment decisions.
shared by Abnormal Returns, @Convertbond, @ReformedBroker, @edwardnh, @AlephBlog
Financial Times
John Authers takes the "Long View", while James Mackintosh the "Short View" on investment decisions.
shared by Abnormal Returns, @Convertbond, @ReformedBroker, @edwardnh, @AlephBlog
Cash for Clunkers: An Evaluation of the Car Allowance Rebate System
brookings.edu
The Car Allowance Rebate System (CARS) or “cash for clunkers” program, launched during the height of the recession with the intention of stimulating the economy, creating jobs, and reducing emissions, was actually far more expensive per job created than alternative fiscal stimulus programs.
shared by @ObsoleteDogma, @ATabarrok, @moorehn, @reddy, @carney
brookings.edu
The Car Allowance Rebate System (CARS) or “cash for clunkers” program, launched during the height of the recession with the intention of stimulating the economy, creating jobs, and reducing emissions, was actually far more expensive per job created than alternative fiscal stimulus programs.
shared by @ObsoleteDogma, @ATabarrok, @moorehn, @reddy, @carney
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Photo credit: The Telegraph – Mediobanca hints at Italian euro exit unless Germany shifts on EMU policy