Yellen’s confirmation; Managers swap positions in 13F roundup; Blodget’s redemption offensive

Categories: Linkfest

Today’s most shared: Yellen sails through first day of questions, posturing, and foolishness… Merkel’s conservative partners want a process for countries to ‘temporarily’ exit euro… Blodget’s PR offensive as Business Insider surpasses CNBC’s Web reach… Buffett runs out of ideas and buys ExxonMobil, among other fund disclosures… Tesla, Paulson, Snapchat, and more.

The Yellen Doctrine: Robust Growth Is the Priority, but Bubbles Matter
New Yorker
While one accomplished appearance on Capitol Hill doesn’t make Janet Yellen a successful Fed chairwoman, she has quieted some of the doubters.
shared by @TimHarford, @eisingerj, @Austan_Goolsbee
 
Lunch with the FT: Henry Blodget
Financial Times
According to family legend, Henry Blodget’s great-grandfather was on the trans-Siberian railway when he lost his fortune in the Wall Street crash of 1929. He died not long after, during the Great Depression, his Fifth Avenue apartment valued at zero because the entire building had been declared bankrupt.
shared by @TheStalwart, @retheauditors, @AnjuliDavies, @abnormalreturns
 
Hedge Fund Q3 13F Holdings And Position Changes
ZeroHedge
Here is a summary of the key stock additions, sales, initiations and liquidations conducted by the most prominent US hedge funds in the third quarter.
shared by @FinInfoTwits, @Noahpinion, @ReformedBroker, Reformed Broker
 
Exit Clause: Merkel’s Partners Want Broke Countries Out of Euro
Der Spiegel
Chancellor Angela Merkel wants the next government to be unified on its EU policy, but her sister party is resorting to populism. Bavaria’s Christian Social Union wants tougher provisions against deficit offenders and the ability to drive them out of the euro zone.
shared by @Nouriel, @EconBrothers, @edwardnh, @Austan_Goolsbee
 
Are There Cockroaches Under Tesla’s Hood?
Bloomberg
Tesla Motors Inc. shareholders have had much to fret about lately, from a nosebleed valuation and sagging stock price to periodic YouTube videos of exploding Tesla electric cars.
shared by @firstadopter, Business Insider, @ThemisSal, @TimOBrien
 
Greek finance minister: No more austerity, it’s dangerous
CNBC
Greece does not need any more austerity, said Finance Minister Yannis Stournaras, responding to the Eurogroup’s call for further reforms.
shared by @mhewson_CMC, @YanniKouts, @volatilitysmile, @EfiEfthimiou
 
Billionaire Paulson Sticks With Gold Wager as Prices Rebound
Bloomberg
Billionaire hedge fund manager John Paulson, who cut his gold holdings by more than half in the second quarter, maintained his bet on the metal over the next three months as prices rebounded.
shared by @ReformedBroker, @JohnLothian, Crossing Wall Street, Reformed Broker
 
The great US deleveraging may have just ended
Quartz
The great de-leveraging—the mass movement of US consumers to pay down, pay off and default their way out from under unsustainable debt loads—seems to playing itself out.
shared by Reformed Broker, @counterparties, @TheArmoTrader, @michaelsderby
 
A List of People Praising Snapchat for Turning Down $3 Billion
Gawker
As the internet s**t its collective denim pants yesterday upon news of Snapchat’s Facebook refusal, there were some outliers–very prominent outliers.
shared by @nichcarlson, @TheStalwart, @JacobWolinsky, @ObsoleteDogma, @jbarro
 
Moody’s cuts ratings of three big US banks
Financial Times
Moody’s has cut the credit ratings of big US banks including Morgan Stanley, Goldman Sachs and JPMorgan Chase, after deciding that the federal government is less likely to bail the financial institutions out if they get into future difficulty.
shared by Naked Capitalism, @cate_long
 

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