Linkfest: Banks squawk at possible IOER cut; A new tech bubble? Dollars drive news business
Categories: Linkfest
Today’s most shared: Fed moots possible cut in interest on excess reserves, banks threaten to raise fees … A new tech bubble as stocks soar, bears capitulate, Bay area riches mount? … Money is the reason Bloomberg is restructuring news, BI seeks payday, Bartiromo hoofs out of CNBC … Dumb things finance people say.
Banks warn Fed interest cut could force them to charge depositors
Financial Times
Leading US banks have warned that they could start charging companies and consumers for deposits if the US Federal Reserve cuts the interest it pays on bank reserves.
shared by NYT Dealbook, reddit/Economics, @mhewson_CMC, Business Insider
Financial Times
Leading US banks have warned that they could start charging companies and consumers for deposits if the US Federal Reserve cuts the interest it pays on bank reserves.
shared by NYT Dealbook, reddit/Economics, @mhewson_CMC, Business Insider
Disruptions: If It Looks Like a Bubble and Floats Like a Bubble …
New York Times
Though Silicon Valley insists there is not a technology bubble, average investors should be cautious, especially when many highly valued companies have yet to produce earnings.
shared by @MarkThoma, @MattGoldstein26, @ReformedBroker, @lucymarcus
New York Times
Though Silicon Valley insists there is not a technology bubble, average investors should be cautious, especially when many highly valued companies have yet to produce earnings.
shared by @MarkThoma, @MattGoldstein26, @ReformedBroker, @lucymarcus
Signs of Change in News Mission at Bloomberg
New York Times
Bloomberg faces newsroom layoffs, a shift in emphasis back to financial news and skepticism from the business side that investigative journalism might not be worth the potential problems it could create for terminal sales.
shared by @TheStalwart, @MichaelKitces, @maoxian, @cate_long
New York Times
Bloomberg faces newsroom layoffs, a shift in emphasis back to financial news and skepticism from the business side that investigative journalism might not be worth the potential problems it could create for terminal sales.
shared by @TheStalwart, @MichaelKitces, @maoxian, @cate_long
Wolff: At ‘Business Insider,’ it’s time to sell
USA Today
The digital traffic world is not a sound long-term play.
shared by @StKonrath, @AntDeRosa, @mccarthyryanj, @ritholtz, @niubi
USA Today
The digital traffic world is not a sound long-term play.
shared by @StKonrath, @AntDeRosa, @mccarthyryanj, @ritholtz, @niubi
29 Dumb Things Finance People Say
Business Insider
"We’re cautiously optimistic."
shared by @tomkeene, reddit/Economics, @Noahpinion, @niubi, @ezraklein
Business Insider
"We’re cautiously optimistic."
shared by @tomkeene, reddit/Economics, @Noahpinion, @niubi, @ezraklein
Backlash by the Bay: Tech Riches Alter a City
New York Times
A technology boom, while beneficial to San Francisco, is causing resentment among longtime residents, many of whom are being forced out.
shared by @ryanavent, @JeffMacke, @davewiner, @moorehn, @Richard_Florida
New York Times
A technology boom, while beneficial to San Francisco, is causing resentment among longtime residents, many of whom are being forced out.
shared by @ryanavent, @JeffMacke, @davewiner, @moorehn, @Richard_Florida
Burned Short Sellers Adjust as Stocks Keep Rising
Wall Street Journal
With the U.S. stock market at all-time highs, about the only people gnashing their teeth are short sellers, who have had a miserable year.
shared by @DougKass, @JacobWolinsky, @ReformedBroker, @Markit
Wall Street Journal
With the U.S. stock market at all-time highs, about the only people gnashing their teeth are short sellers, who have had a miserable year.
shared by @DougKass, @JacobWolinsky, @ReformedBroker, @Markit
‘I can’t look at myself in the mirror’: Hendry reveals why he has turned bullish
investmentweek.co.uk
Eclectica hedge fund manager Hugh Hendry has said he has been forced to leave his bearish outlook behind as he faces up to a market “which only makes sense through the prism of trends”.
shared by @LongShortTrader, Business Insider, @theanalyst_hk
investmentweek.co.uk
Eclectica hedge fund manager Hugh Hendry has said he has been forced to leave his bearish outlook behind as he faces up to a market “which only makes sense through the prism of trends”.
shared by @LongShortTrader, Business Insider, @theanalyst_hk
TV Is Dying, And Here Are The Stats That Prove It
Business Insider
The TV business is having its worst year ever.
shared by @howardlindzon, @finansakrobat, @newsycombinator, @tomkeene, @GTCost
Business Insider
The TV business is having its worst year ever.
shared by @howardlindzon, @finansakrobat, @newsycombinator, @tomkeene, @GTCost
Regulators, Divided Over ‘Volcker Rule,’ Weigh Going It Alone
Wall Street Journal
Bank regulators are considering passing the Volcker rule without the blessing of the Commodity Futures Trading Commission, which has been pushing for changes.
shared by @ritholtz, @tomkeene, @nasiripour, @eisingerj, @IvanTheK
Wall Street Journal
Bank regulators are considering passing the Volcker rule without the blessing of the Commodity Futures Trading Commission, which has been pushing for changes.
shared by @ritholtz, @tomkeene, @nasiripour, @eisingerj, @IvanTheK
Ex-Credit Suisse CDO Chief Sentenced to 2 1/2 Years
Bloomberg
Kareem Serageldin, the ex-global head of Credit Suisse Group AG’s structured credit trading business, was sentenced to 2 1/2 years in prison for his part in a scheme to falsify the value of mortgage-backed bonds in 2007.
shared by @ritholtz, @BarbarianCap, Here Is The City, @Dvolatility
Bloomberg
Kareem Serageldin, the ex-global head of Credit Suisse Group AG’s structured credit trading business, was sentenced to 2 1/2 years in prison for his part in a scheme to falsify the value of mortgage-backed bonds in 2007.
shared by @ritholtz, @BarbarianCap, Here Is The City, @Dvolatility
A universal income is not such a silly idea
Financial Times
“Swiss to vote on 2,500 franc basic income for every adult.” Reuters, 4 October 2013 How much is that? It’s about £1,700 a month — over £20,000 a year. Payable to whom? Everybody, or at least, every adult citizen.
shared by @TheStalwart, Naked Capitalism, reddit/Economics, @MarkThoma
Financial Times
“Swiss to vote on 2,500 franc basic income for every adult.” Reuters, 4 October 2013 How much is that? It’s about £1,700 a month — over £20,000 a year. Payable to whom? Everybody, or at least, every adult citizen.
shared by @TheStalwart, Naked Capitalism, reddit/Economics, @MarkThoma
Fed Looks at Treasury Purchases to Keep Rates Low Amid Taper
Bloomberg
As Federal Reserve policy makers consider a world without quantitative easing, they are dusting off an idea similar to one proposed by Ben S. Bernanke a decade ago to ward off deflation.
shared by @pdacosta, @JamesGRickards, @Dvolatility, @HamzeiAnalytics, @wonkmonk_
Bloomberg
As Federal Reserve policy makers consider a world without quantitative easing, they are dusting off an idea similar to one proposed by Ben S. Bernanke a decade ago to ward off deflation.
shared by @pdacosta, @JamesGRickards, @Dvolatility, @HamzeiAnalytics, @wonkmonk_
Why Maria Bartiromo Is Leaving CNBC For FOX Business — Her Own Sunday Network Show
Business Insider
The financial media world was stunned this week when Drudge Report broke the news that Maria would be leaving CNBC for Fox. Why would one of CNBC’s biggest stars quit the network?
shared by @felixsalmon, @JacobWolinsky, @SconsetCapital
Business Insider
The financial media world was stunned this week when Drudge Report broke the news that Maria would be leaving CNBC for Fox. Why would one of CNBC’s biggest stars quit the network?
shared by @felixsalmon, @JacobWolinsky, @SconsetCapital
Goldman’s not-so-great currency caper
Financial Times
Did Goldman Sachs lose $1.3bn in currency trades in the third quarter, or not?
shared by @LaurenLaCapra, @ritholtz, @counterparties, @nasiripour, @KidDynamiteBlog
Financial Times
Did Goldman Sachs lose $1.3bn in currency trades in the third quarter, or not?
shared by @LaurenLaCapra, @ritholtz, @counterparties, @nasiripour, @KidDynamiteBlog
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