Linkfest: Germany rejects FX blame game; Libor reform proves tricky; Harvard’s endowment unimpressive
Today’s most shared: Germany pushes back on criticism of economic policies… Specter of deflation haunts Europe… Oracle shareholders vote overwhelmingly against Ellison’s compensation package… Libor unreformed despite scandal… After long superior record, Harvard endowment’s 5-year performance trails rivals… Buffett acquisitions slow and cash piles up… Finance or tech for best and brightest?
Wall Street Journal
Germany described as "incomprehensible" U.S. criticism of its export-led economic policies.
shared by @BCAppelbaum, @JacobWolinsky, @YanniKouts, @economistmeg, @AlephBlog
The Economist
“DON’T mention the war” is the catchphrase from one of the best-loved scenes in “Fawlty Towers”, a British television comedy series.
shared by @NickMalkoutzis, reddit/Economics, @BrunoBrussels, @delong
The Telegraph
ECB warned it must take immediate and pre-emptive action to head off the risk of full-blown deflation by next year.
shared by @JacobWolinsky, @mhewson_CMC
Naked Capitalism
US Infrastructure Spending Plunges
shared by Business Insider, @ryanchittum, @hblodget
New York Times
A majority of the software giant’s shareholders voted against a nonbinding resolution on pay practices.
shared by @lucymarcus, Crossing Wall Street
Wall Street Journal
The CFTC is so cash-starved that it is being forced to delay cases, shelve certain probes and decided not to file charges against two men in the "London whale" trading mess, a top official said.
shared by @AmyResnick, @ryanchittum, @nasiripour, @JamesGRickards
Wall Street Journal
Credit Suisse said a London trader within its investment bank racked up nearly $6 million in losses that haven’t previously been made public.
shared by @kevinroose, @tracyalloway, @JamesGRickards, Here Is The City
New York Times
Regulators who wanted to change Libor have been outmaneuvered by those who did not want to risk damaging one of the biggest and most lucrative markets around.
shared by @davidenrich, The Big Picture, @cate_long, @SconsetCapital, @Kiffmeister
CNBC
Energy market traders think there are still huge opportunities to make money even though many are down big this year.
shared by @JacobWolinsky, @StockJockey, Here Is The City, @BarbarianCap
Fortune
Harvard has America’s largest college or university endowment, but not nearly its best.
shared by @ReformedBroker, @counterparties, @peterlattman, @EpicureanDeal
Bloomberg
Warren Buffett, who aims to have $20 billion in cash at his Berkshire Hathaway Inc., isn’t investing fast enough to keep money from piling up.
shared by Abnormal Returns, @AlephBlog, Reformed Broker, @JacobWolinsky
New York Times
Robert J. Shiller, the Nobel-winning economist, and Vivek Wadhwa, vice president of innovation and research at Singularity University, spar at a conference debate.
shared by @mattbish, Abnormal Returns, Huffington Post
Reuters
As analysts have known since long before Henry Blodget was covering Amazon, the way to make a splash is to come out with a bold, headline-worthy thesis.
shared by @GTCost, @KidDynamiteBlog, @BrunoBrussels, @JacobWolinsky
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Photo credit: The Economist – Fawlty Europe