Linkfest: Tapering – this year or next? Volcker vote; Fragmented, shrinking stock markets
Categories: Linkfest
Today’s most shared: Strong jobs report makes tapering a question of ‘when,’ not ‘if’… Feldstein proposes $1 trillion in fiscal stimulus to give the Fed room to end destabilizing QE… ‘Volcker Rule’ vote as banks threaten challenges, reformers renewed Glass-Steagall push… Big funds find stock market fragmentation, HFT costly… Buybacks, private equity, Sarbanes-Oxley shrink public stock markets… How JPMorgan counted the profits from China ‘Sons and Daughters’ hiring program… Bernanke and Blankfein notwithstanding, facial hair still not a Wall Street fashion statement… Stay-at-home Wall Street house-husbands.
Fed’s Plan to Taper Stimulus Effort Not Expected Until Next Year
New York Times
Significant details of the eventual retreat also remain the subjects of unresolved debates, according to public statements by Fed officials and interviews with some of them.
shared by @TheStalwart, @markgongloff, @ritholtz, Calculated Risk
New York Times
Significant details of the eventual retreat also remain the subjects of unresolved debates, according to public statements by Fed officials and interviews with some of them.
shared by @TheStalwart, @markgongloff, @ritholtz, Calculated Risk
Fed Closes In on Bond Exit
Wall Street Journal
Federal Reserve officials are closer to winding down their controversial $85 billion-a-month bond-purchase program, possibly as early as December, in the wake of Friday’s encouraging jobs report.
shared by @DougKass, @ritholtz, @crampell, @pdacosta, @jennablan
Wall Street Journal
Federal Reserve officials are closer to winding down their controversial $85 billion-a-month bond-purchase program, possibly as early as December, in the wake of Friday’s encouraging jobs report.
shared by @DougKass, @ritholtz, @crampell, @pdacosta, @jennablan
Martin Feldstein: Saving the Fed From Itself
New York Times
A Republican case for a $1 trillion stimulus.
shared by @ObsoleteDogma, @MarkThoma, @davidmwessel, @Noahpinion, @moorehn
New York Times
A Republican case for a $1 trillion stimulus.
shared by @ObsoleteDogma, @MarkThoma, @davidmwessel, @Noahpinion, @moorehn
Near a Vote, Volcker Rule Is Weathering New Attacks
New York Times
Five regulatory agencies are to vote Tuesday on the rule, which has met with thinly veiled threats of challenges from banks and business trade groups.
shared by @MarkThoma, Crossing Wall Street, @kevinroose, Reformed Broker
New York Times
Five regulatory agencies are to vote Tuesday on the rule, which has met with thinly veiled threats of challenges from banks and business trade groups.
shared by @MarkThoma, Crossing Wall Street, @kevinroose, Reformed Broker
Glass-Steagall Fans Plan New Assault If Volcker Rule Deemed Weak
Bloomberg
Five U.S. agencies will finish the Volcker rule tomorrow after more than three years of Wall Street resistance to its limits on trading and investing. Lawmakers and their allies who want to rein in big banks are ready to pounce if it isn’t strict enough.
shared by @JohnLothian, @moorehn, @pdacosta
Bloomberg
Five U.S. agencies will finish the Volcker rule tomorrow after more than three years of Wall Street resistance to its limits on trading and investing. Lawmakers and their allies who want to rein in big banks are ready to pounce if it isn’t strict enough.
shared by @JohnLothian, @moorehn, @pdacosta
Big investors are changing how they trade in the U.S., saying risks are growing for institutions of their size.
Wall Street Journal
Seeking to hold down cost of execution, the world’s biggest investors trade away from fragmented liquidity pools and HFT.
shared by @LaurenLaCapra, @ritholtz, @JacobWolinsky, @JoeSaluzzi
Wall Street Journal
Seeking to hold down cost of execution, the world’s biggest investors trade away from fragmented liquidity pools and HFT.
shared by @LaurenLaCapra, @ritholtz, @JacobWolinsky, @JoeSaluzzi
The Stock Market Is ’Shrinking,’ Despite Record-High Indexes
Yahoo
Wall Street’s rally to record highs obscures the fact that there are fewer companies, more of them are small, and even big ones are reducing their share counts.
shared by @ThemisSal, @hblodget, @AlephBlog, Abnormal Returns
Yahoo
Wall Street’s rally to record highs obscures the fact that there are fewer companies, more of them are small, and even big ones are reducing their share counts.
shared by @ThemisSal, @hblodget, @AlephBlog, Abnormal Returns
Budget deal expected this week amounts to a cease-fire as sides move to avert a standoff
Washington Post
Senate and House negotiators are closing in on a modest accord that would partially repeal sequester cuts.
shared by @AmyResnick, Naked Capitalism, Marginal Revolution, Calculated Risk
Washington Post
Senate and House negotiators are closing in on a modest accord that would partially repeal sequester cuts.
shared by @AmyResnick, Naked Capitalism, Marginal Revolution, Calculated Risk
By George, Britain’s Austerity Experiment Didn’t Work!
New Yorker
George Osborne, the Chancellor of the Exchequer, is claiming credit for improved economic forecasts. His arguments are hogwash.
shared by @HamzeiAnalytics, @reddy, @ritholtz, @D_Blanchflower
New Yorker
George Osborne, the Chancellor of the Exchequer, is claiming credit for improved economic forecasts. His arguments are hogwash.
shared by @HamzeiAnalytics, @reddy, @ritholtz, @D_Blanchflower
Britain’s Ministry of Nudges
New York Times
Inspired by American behavioral economics, the British government is finding new ways to gently prod people to pay taxes, find jobs and insulate their homes.
shared by @derekhernquist, Marginal Revolution, Naked Capitalism
New York Times
Inspired by American behavioral economics, the British government is finding new ways to gently prod people to pay taxes, find jobs and insulate their homes.
shared by @derekhernquist, Marginal Revolution, Naked Capitalism
Bank Tabulated Business Linked to China Hiring
New York Times
Confidential documents offer the most detailed account yet of JPMorgan’s “Sons and Daughters” hiring program, which has been at the center of a federal bribery investigation.
shared by @MattGoldstein26, Huffington Post, Here Is The City, @niubi
New York Times
Confidential documents offer the most detailed account yet of JPMorgan’s “Sons and Daughters” hiring program, which has been at the center of a federal bribery investigation.
shared by @MattGoldstein26, Huffington Post, Here Is The City, @niubi
David Simon: ’There are now two Americas. My country is a horror show’
theguardian.com
‘The Wire’ creator says capitalism in America has lost sight of its social compact
shared by @MParekh, @brianmlucey, Naked Capitalism, reddit/Economics
theguardian.com
‘The Wire’ creator says capitalism in America has lost sight of its social compact
shared by @MParekh, @brianmlucey, Naked Capitalism, reddit/Economics
Wall Street Mothers, Stay-Home Fathers
New York Times
For growing numbers of women on Wall Street, stay-at-home husbands are enabling them to compete at work with new intensity.
shared by @carney, @kevinroose, @maoxian, @MattGoldstein26
New York Times
For growing numbers of women on Wall Street, stay-at-home husbands are enabling them to compete at work with new intensity.
shared by @carney, @kevinroose, @maoxian, @MattGoldstein26
Whiskers Unlimited? Not on Wall St.
New York Times
Beards are back as a fashion statement, but many bankers have yet to get the memo.
shared by @LaurenLaCapra, Reformed Broker, @tomkeene, @JacobWolinsky
New York Times
Beards are back as a fashion statement, but many bankers have yet to get the memo.
shared by @LaurenLaCapra, Reformed Broker, @tomkeene, @JacobWolinsky
StreetEYE.com follows the best ‘curators’ on the web and social media, and finds all the top financial news right now, as voted by you.
Please help us pick the most important stories you think should appear in this linkfest by voting here!