Linkfest: Jobs report beats expectations; Twitter pops, but doesn’t party like it’s 1999; NY Fed chief says banks lack respect for law
Categories: Linkfest
Today’s most shared: Jobs report beats expectations: redefining ‘rosy’ downward… Labor force leavers, loss of experience and human capital take long-term toll on potential growth… Food stamps cut, but on the plus side subprime auto loans are available… Twitter IPO a feather in NYSE’s cap, but pop is nothing like the 90s… NY Fed chief says financial institutions lack respect for the law and public trust.
Diving Into Today’s Rosy Jobs Report
Bloomberg
No single data release probably affects markets more than the monthly jobs report published by the U.S. Bureau of Labor Statistics, which today noted that the economy added 204,000 workers in October.
shared by @counterparties, @Dvolatility
Bloomberg
No single data release probably affects markets more than the monthly jobs report published by the U.S. Bureau of Labor Statistics, which today noted that the economy added 204,000 workers in October.
shared by @counterparties, @Dvolatility
The Mutilated Economy
New York Times
The long-term costs of short-run failure are piling up and up and up and up.
shared by @DanielAlpert, @JustinWolfers, reddit/Economics, @rodrikdani, The Big Picture
New York Times
The long-term costs of short-run failure are piling up and up and up and up.
shared by @DanielAlpert, @JustinWolfers, reddit/Economics, @rodrikdani, The Big Picture
Cut in Food Stamps Forces Hard Choices on Poor
New York Times
With reduced benefits starting this month, many recipients are buying fewer groceries and planning visits to food pantries to tide them over.
shared by @CenterOnBudget, Naked Capitalism, @davewiner, @moorehn, @mccarthyryanj
New York Times
With reduced benefits starting this month, many recipients are buying fewer groceries and planning visits to food pantries to tide them over.
shared by @CenterOnBudget, Naked Capitalism, @davewiner, @moorehn, @mccarthyryanj
Good Job Is Good Enough as Subprime Car Buyers Lift Sales
Bloomberg
Alan Helfman, a car dealer in Houston, served a woman in his showroom last month with a credit score lower than 500 and a desire for a new Dodge Dart for her daily commute. She drove away with a new car.
shared by @markgongloff, @nasiripour
Bloomberg
Alan Helfman, a car dealer in Houston, served a woman in his showroom last month with a credit score lower than 500 and a desire for a new Dodge Dart for her daily commute. She drove away with a new car.
shared by @markgongloff, @nasiripour
NYSE, Twitter’s IPO, and CNBC to Nasdaq: Suck it, chumps
PandoDaily
I can’t remember the last time I woke up and turned on CNBC like it was Christmas Morning, transfixed with every word. Oh yeah, it was Facebook’s IPO.
shared by @howardlindzon, @ReformedBroker, @JoeSaluzzi, @ericjackson, Reformed Broker
PandoDaily
I can’t remember the last time I woke up and turned on CNBC like it was Christmas Morning, transfixed with every word. Oh yeah, it was Facebook’s IPO.
shared by @howardlindzon, @ReformedBroker, @JoeSaluzzi, @ericjackson, Reformed Broker
Twitter’s Up 75%? Bah, That’s Nothing Compared With 1999
The Atlantic
Never forget: This new insanity is smaller and less lucrative than the first Internet boom.
shared by @MichaelKitces, @andrewtghill
The Atlantic
Never forget: This new insanity is smaller and less lucrative than the first Internet boom.
shared by @MichaelKitces, @andrewtghill
Germany’s export surplus hits record high
Financial Times
Germany’s export surplus has risen to a record high, adding fuel to an intense political debate on whether the export zeal of Europe’s biggest economy is hampering the recovery of crisis-hit southern eurozone countries. The German foreign …
shared by @TheStalwart, @volatilitysmile, @economistmeg
Financial Times
Germany’s export surplus has risen to a record high, adding fuel to an intense political debate on whether the export zeal of Europe’s biggest economy is hampering the recovery of crisis-hit southern eurozone countries. The German foreign …
shared by @TheStalwart, @volatilitysmile, @economistmeg
ECB publishes its opinion on the Single Resolution Mechanism (SRM)
European Union
ECB publishes its opinion on the Single Resolution Mechanism (SRM)
shared by @YanniKouts, @LemaSabachthani, @ecb, @SonyKapoor, @OpenEurope
European Union
ECB publishes its opinion on the Single Resolution Mechanism (SRM)
shared by @YanniKouts, @LemaSabachthani, @ecb, @SonyKapoor, @OpenEurope
JPMorgan Banker Backed $200 Million Madoff Loan in 2008
Bloomberg
A former JPMorgan Chase & Co. banker who managed Bernard Madoff’s account said the con man was on track to receive a $200 million loan less than a month before his arrest if the request hadn’t been dropped.
shared by @JohnLothian, Here Is The City
Bloomberg
A former JPMorgan Chase & Co. banker who managed Bernard Madoff’s account said the con man was on track to receive a $200 million loan less than a month before his arrest if the request hadn’t been dropped.
shared by @JohnLothian, Here Is The City
New York Fed chief, ex-Goldman partner, calls out banks’ lack of respect for law, regulation and the public trust
Huffington Post
The head of the Federal Reserve Bank of New York said Thursday that some of America’s largest financial institutions appear to lack respect for the law, a potentially explosive charge against an industry already roiling from numerous govern…
shared by @LaurenLaCapra, NYT Dealbook, @jimpoco, @SimoneFoxman
Huffington Post
The head of the Federal Reserve Bank of New York said Thursday that some of America’s largest financial institutions appear to lack respect for the law, a potentially explosive charge against an industry already roiling from numerous govern…
shared by @LaurenLaCapra, NYT Dealbook, @jimpoco, @SimoneFoxman
Ending Too Big to Fail – William C. Dudley
New York Fed
shared by @IvanTheK, Business Insider, @MarkThoma, @NYFed_news, Huffington Post
New York Fed
shared by @IvanTheK, Business Insider, @MarkThoma, @NYFed_news, Huffington Post
Colleges Cut Alternative Investments to Recoup Losses
Bloomberg
U.S. college endowments are cutting holdings of alternative investments, such as private equity, as many seek to recoup record losses from four years ago.
shared by @pkedrosky, @ReformedBroker, Reformed Broker
Bloomberg
U.S. college endowments are cutting holdings of alternative investments, such as private equity, as many seek to recoup record losses from four years ago.
shared by @pkedrosky, @ReformedBroker, Reformed Broker
Are Computers Making Society More Unequal?
New Yorker
The challenge isn’t just that the old economy has stagnated, Tyler Cowen writes. It’s that the nature of the work force itself is changing.
shared by @tylercowen, Marginal Revolution, @TheStalwart
New Yorker
The challenge isn’t just that the old economy has stagnated, Tyler Cowen writes. It’s that the nature of the work force itself is changing.
shared by @tylercowen, Marginal Revolution, @TheStalwart
Charlie Gasparino: Twitter CEO Dan George Dick Costolo “Looks Like The Kind Of Guy You’d Beat The Hell Out Of”
Dealbreaker
Charlie Gasparino: Twitter CEODan George Dick Costolo “Looks Like The Kind Of Guy You’d Beat The Hell Out Of”
shared by @LaurenLaCapra, @kevinroose, Reformed Broker, @ObsoleteDogma
Dealbreaker
Charlie Gasparino: Twitter CEO
shared by @LaurenLaCapra, @kevinroose, Reformed Broker, @ObsoleteDogma
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