Linkfest: Taper on tap in US, negative interest rates for Europe? Bubble anxiety; Goldman’s bad bet
Categories: Linkfest
Today’s most shared: Asset bubble anxiety… Negative interest rates for Europe? … Taper on the table at next FOMC meetings… Portugal’s bailout exit maybe not as clean as Ireland’s… Era of mounting FX reserves (ie weak currency) over in China? … Snapchat’s valuation sign of a bubble, or massive platform potential?
Anxiety Over Asset Bubbles From Homes to Internet Rising in Poll
Bloomberg
Asset bubbles are forming in Internet and social media stocks as well as in the housing markets of London and China, according to the latest Bloomberg Global Poll.
shared by @ritholtz, @cate_long, Crossing Wall Street, @JohnLothian
Bloomberg
Asset bubbles are forming in Internet and social media stocks as well as in the housing markets of London and China, according to the latest Bloomberg Global Poll.
shared by @ritholtz, @cate_long, Crossing Wall Street, @JohnLothian
Fed officials felt taper may happen at next few meetings: minutes
Reuters
WASHINGTON (Reuters) – Federal Reserve officials felt they could decide to start scaling back the U.S. central bank’s massive asset-purchase program at one of its next few meetings provided this was warranted by economic growth.
shared by @moorehn, @HamzeiAnalytics
Reuters
WASHINGTON (Reuters) – Federal Reserve officials felt they could decide to start scaling back the U.S. central bank’s massive asset-purchase program at one of its next few meetings provided this was warranted by economic growth.
shared by @moorehn, @HamzeiAnalytics
ECB Said to Consider Minus 0.1 Percent Deposit Rate
Bloomberg
The European Central Bank is considering a smaller-than-normal cut in the deposit rate if officials decide to take it negative for the first time, according to two people with knowledge of the debate.
shared by @edwardnh, @Nouriel, @YanniKouts, Huffington Post
Bloomberg
The European Central Bank is considering a smaller-than-normal cut in the deposit rate if officials decide to take it negative for the first time, according to two people with knowledge of the debate.
shared by @edwardnh, @Nouriel, @YanniKouts, Huffington Post
Goldman Sachs burned by bad currency bets in third quarter
Reuters
Goldman Sachs Group Inc lost more than $1 billion on currency trades during the third quarter, recent regulatory filings show, offering some insight into why the firm, considered one of Wall Street’s most savvy traders, reported its worst quarter in a key trading unit since the financial crisis.
shared by NYT Dealbook, @EpicureanDeal, @finansakrobat, Here Is The City
Reuters
Goldman Sachs Group Inc lost more than $1 billion on currency trades during the third quarter, recent regulatory filings show, offering some insight into why the firm, considered one of Wall Street’s most savvy traders, reported its worst quarter in a key trading unit since the financial crisis.
shared by NYT Dealbook, @EpicureanDeal, @finansakrobat, Here Is The City
Portugal: on the verge of a second bailout?
Financial Times
After Ireland last week opted for a “clean exit” to its three-year bailout programme by not asking for an EU credit line to ease its way back into the financial markets, many in the eurozone are now turning their attention to just how unclean Portugal’s exit will be.
shared by Business Insider, @GTCost, @YanniKouts, @edwardnh, @pdacosta
Financial Times
After Ireland last week opted for a “clean exit” to its three-year bailout programme by not asking for an EU credit line to ease its way back into the financial markets, many in the eurozone are now turning their attention to just how unclean Portugal’s exit will be.
shared by Business Insider, @GTCost, @YanniKouts, @edwardnh, @pdacosta
Shakeup at Minneapolis Fed ousts two top economists
startribune.com
A shake-up in the top ranks of the Federal Reserve Bank of Minneapolis is prompting sharp questions about whether the bank is straying from the collegial tradition that built its reputation for world-class economic research.
shared by @mark_dow, @BCAppelbaum, @crampell, @MarkThoma, @JustinWolfers
startribune.com
A shake-up in the top ranks of the Federal Reserve Bank of Minneapolis is prompting sharp questions about whether the bank is straying from the collegial tradition that built its reputation for world-class economic research.
shared by @mark_dow, @BCAppelbaum, @crampell, @MarkThoma, @JustinWolfers
Snapchat CEO Says 70% of Users Are Women
Wall Street Journal
Roughly 70% of Snapchat users are women, the chief executive of the messaging app said at a closed-door Goldman Sachs conference Wednesday.
shared by NYT Dealbook, Reformed Broker, @JacobWolinsky, @ericjackson
Wall Street Journal
Roughly 70% of Snapchat users are women, the chief executive of the messaging app said at a closed-door Goldman Sachs conference Wednesday.
shared by NYT Dealbook, Reformed Broker, @JacobWolinsky, @ericjackson
EXCLUSIVE: How Snapchat Plans To Make Money
Business Insider
Last week, news broke that a ~2.5 year old company called Snapchat had rejected an all-cash $3 billion takeover offer from Facebook. Clear confirmation of a new tech bubble?
shared by @iSharesETFs, @ObsoleteDogma, @felixsalmon, Abnormal Returns
Business Insider
Last week, news broke that a ~2.5 year old company called Snapchat had rejected an all-cash $3 billion takeover offer from Facebook. Clear confirmation of a new tech bubble?
shared by @iSharesETFs, @ObsoleteDogma, @felixsalmon, Abnormal Returns
PBOC Says No Longer in China’s ‘Favor’ to Boost Record Reserves
Bloomberg
The People’s Bank of China said the country does not benefit any more from increases in its foreign- currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation.
shared by reddit/Economics, @peter_tl, @prchovanec
Bloomberg
The People’s Bank of China said the country does not benefit any more from increases in its foreign- currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation.
shared by reddit/Economics, @peter_tl, @prchovanec
Blame Rich, Overeducated Elites as Our Society Frays
Bloomberg
Complex human societies, including our own, are fragile. They are held together by an invisible web of mutual trust and social cooperation. This web can fray easily, resulting in a wave of political instability, internal conflict and, sometimes, outright social collapse.
shared by Naked Capitalism, reddit/Economics, @AlephBlog, @TomLasseter
Bloomberg
Complex human societies, including our own, are fragile. They are held together by an invisible web of mutual trust and social cooperation. This web can fray easily, resulting in a wave of political instability, internal conflict and, sometimes, outright social collapse.
shared by Naked Capitalism, reddit/Economics, @AlephBlog, @TomLasseter
JPMorgan’s bait-and-switch: The ballyhooed settlement is just a scam!
salon.com
Ignore all the noise about the "big" fraud settlement JPMorgan supposedly just signed. Here’s why it’s one big zero.
shared by @EpicureanDeal, @mccarthyryanj, @BuzzFeedBen, @maxabelson
salon.com
Ignore all the noise about the "big" fraud settlement JPMorgan supposedly just signed. Here’s why it’s one big zero.
shared by @EpicureanDeal, @mccarthyryanj, @BuzzFeedBen, @maxabelson
Bronte Capital: A question for Tile Shop’s institutional shareholders
Bronte Capital
Complete this sentence: “I believe that Tile Shop’s gross margins are stable and sustainably higher than Louis Vuitton’s gross margins because…”
shared by @BarbarianCap, @LongShortTrader, @niubi, Crossing Wall Street
Bronte Capital
Complete this sentence: “I believe that Tile Shop’s gross margins are stable and sustainably higher than Louis Vuitton’s gross margins because…”
shared by @BarbarianCap, @LongShortTrader, @niubi, Crossing Wall Street
US Blogger Fined 8,000 Euros for Quoting French Blog
Mish’s GETA
Mish Fined 8,000 Euros for Quoting French Blog.
shared by @JacobWolinsky, @BarbarianCap, @KidDynamiteBlog
Mish’s GETA
Mish Fined 8,000 Euros for Quoting French Blog.
shared by @JacobWolinsky, @BarbarianCap, @KidDynamiteBlog
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