Linkfest: Shiller’s CAPE flashes danger; Bitcoin’s rise: going legit, pirate, or Ponzi?; Bailout turns profit
Categories: Linkfest
Today’s most shared: What is the CAPE telling us? … Bailout turns a profit… Rethinking macroeconomics… Struggle for Bitcoin’s soul: regulated and legitimate, or underground pirate booty? … Yahoo’s turnaround 75% Alibaba, 25% Marissa? … Remembering JFK.
Economist Robert Shiller is waving a warning flag on stock valuations. Some call his methods misleading
Wall Street Journal
Bubble-hunting economist Robert Shiller’s stock-market valuation measure is waving a yellow flag, but there is a debate brewing over whether even that signals too much alarm.
shared by @abnormalreturns, @kairyssdal
Wall Street Journal
Bubble-hunting economist Robert Shiller’s stock-market valuation measure is waving a yellow flag, but there is a debate brewing over whether even that signals too much alarm.
shared by @abnormalreturns, @kairyssdal
An Alternative to Shiller CAPE
Avondale Asset Management
Even though value investors love to use the Shiller Cyclically Adjusted PE (CAPE) to justify the market’s overvaluation, the metric has some obvious shortcomings.
shared by @JacobWolinsky, @BarbarianCap
Avondale Asset Management
Even though value investors love to use the Shiller Cyclically Adjusted PE (CAPE) to justify the market’s overvaluation, the metric has some obvious shortcomings.
shared by @JacobWolinsky, @BarbarianCap
Government’s $421 Billion Bailout Turns Profitable
Wall Street Journal
Five years after the U.S. government started injecting hundreds of billions of dollars into auto makers, financial institutions and the housing sector, American taxpayers can expect a small profit from an era of historic federal bailouts.
shared by reddit/Economics, @greg_ip
Wall Street Journal
Five years after the U.S. government started injecting hundreds of billions of dollars into auto makers, financial institutions and the housing sector, American taxpayers can expect a small profit from an era of historic federal bailouts.
shared by reddit/Economics, @greg_ip
Keynes’s new heirs
The Economist
FOR economists 2008 was a nightmare. The people who teach and research the discipline mocked by Thomas Carlyle, a 19th-century polemicist, as “the dismal science”, not only failed to spot the precipice, many forecast exactly the opposite—a tranquil stability they called the “great moderation”.
shared by reddit/Economics, @Chris_Whittall, @rjocean
The Economist
FOR economists 2008 was a nightmare. The people who teach and research the discipline mocked by Thomas Carlyle, a 19th-century polemicist, as “the dismal science”, not only failed to spot the precipice, many forecast exactly the opposite—a tranquil stability they called the “great moderation”.
shared by reddit/Economics, @Chris_Whittall, @rjocean
Wall Streeters Are Starting To Pass Around This Chart Showing The Market On The Cusp Of A Big Crash
Business Insider
This is very significant. But not for the reasons you think.
shared by @ReformedBroker, Reformed Broker, @IvanTheK, @TheArmoTrader
Business Insider
This is very significant. But not for the reasons you think.
shared by @ReformedBroker, Reformed Broker, @IvanTheK, @TheArmoTrader
The strange convergence of Bernanke, Hayek and Bitcoin
Reuters
Bernanke sees far beyond the illicit uses of virtual currencies as a means of paying for contraband or shuffling hot money around without being traced. He believes they could become an ingenious means whereby the globalized market in legitimate goods and services can work more efficiently without the dead hand of the banks.
shared by Naked Capitalism
Reuters
Bernanke sees far beyond the illicit uses of virtual currencies as a means of paying for contraband or shuffling hot money around without being traced. He believes they could become an ingenious means whereby the globalized market in legitimate goods and services can work more efficiently without the dead hand of the banks.
shared by Naked Capitalism
Bitcoin Is the Segway of Currency
The Atlantic
Bitcoin is a Ponzi scheme libertarians use to make money off each other—because gold wasn’t enough of one for them.
shared by @counterparties, reddit/Economics, @Noahpinion, @TheArmoTrader, @gusbaratta
The Atlantic
Bitcoin is a Ponzi scheme libertarians use to make money off each other—because gold wasn’t enough of one for them.
shared by @counterparties, reddit/Economics, @Noahpinion, @TheArmoTrader, @gusbaratta
Marissa Mayer hasn’t saved Yahoo yet
CNNMoney
Marissa Mayer has generated a lot of buzz for Yahoo, but analysts say she’s far from the main reason for its meteoric stock rise.
shared by @nichcarlson, @ReformedBroker, @finansakrobat, Reformed Broker
CNNMoney
Marissa Mayer has generated a lot of buzz for Yahoo, but analysts say she’s far from the main reason for its meteoric stock rise.
shared by @nichcarlson, @ReformedBroker, @finansakrobat, Reformed Broker
Paulson Said to Tell Clients He Wouldn’t Add More to Gold
Bloomberg
Billionaire hedge-fund manager John Paulson told clients he wouldn’t personally invest more money in his gold fund because its not clear when inflation will accelerate, according to a person familiar with the matter.
shared by @izakaminska, @TheStalwart, Business Insider, @ritholtz
Bloomberg
Billionaire hedge-fund manager John Paulson told clients he wouldn’t personally invest more money in his gold fund because its not clear when inflation will accelerate, according to a person familiar with the matter.
shared by @izakaminska, @TheStalwart, Business Insider, @ritholtz
WTO on verge of global trade pact
Financial Times
Negotiators are poised to seal the first global trade deal for more than a decade, in a rare victory for the World Trade Organisation, whose struggle to secure an international pact has increasingly threatened its relevance.
shared by Business Insider, Naked Capitalism, @lindayueh, @FGoria
Financial Times
Negotiators are poised to seal the first global trade deal for more than a decade, in a rare victory for the World Trade Organisation, whose struggle to secure an international pact has increasingly threatened its relevance.
shared by Business Insider, Naked Capitalism, @lindayueh, @FGoria
Day JFK Died We Traded Through Tears as NYSE Shut
Bloomberg
Fifty years ago today, on the floor of the New York Stock Exchange, Michael Robbins heard a murmur. It started at the booth of a Texas firm, Eppler, Guerin & Turner Inc., and got louder, until the 30-year-old trader realized what it was: the sound of a selloff.
shared by @lizzieohreally, Here Is The City, @retheauditors, @JohnLothian
Bloomberg
Fifty years ago today, on the floor of the New York Stock Exchange, Michael Robbins heard a murmur. It started at the booth of a Texas firm, Eppler, Guerin & Turner Inc., and got louder, until the 30-year-old trader realized what it was: the sound of a selloff.
shared by @lizzieohreally, Here Is The City, @retheauditors, @JohnLothian
Japan’s Losing Battle Against ‘Goldman Sachs With Guns“
Bloomberg
Hollywood has long fetishized Japanese gangsters, with their full-body tattoos, missing pinkies and harems of buxom groupies.
shared by @JohnLothian, Naked Capitalism, @Noahpinion, @LaurenLaCapra
Bloomberg
Hollywood has long fetishized Japanese gangsters, with their full-body tattoos, missing pinkies and harems of buxom groupies.
shared by @JohnLothian, Naked Capitalism, @Noahpinion, @LaurenLaCapra
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