Linkfest: Fears of EU unrest; Bernanke’s legacy; Commission-free trading
Categories: Linkfest
Today’s most shared: Delaying bank leverage limits… SEC slows enforcement… China bans Bitcoin deposits… EU finance ministers agree to backstop bank rescues (by 2025)… More on Bernanke’s legacy… Italian President warns of social unrest… Krugman says these are the good old days for policy debate and economists are dominating ‘thought leaders’… How the wealthy use out-of-state trusts to skip state income taxes… JPMorgan sues FDIC over WaMu… Jamie Dimon’s holiday greeting… Mobile app offers commission-free trades.
5 Takeaways on How Bernanke Will Be Remembered – Five Things
Wall Street Journal
As Federal Reserve Chairman Ben Bernanke’s tenure draws to a close, The Wall Street Journal asked prominent economists to weigh in on how the history books will remember him.
shared by @BCAppelbaum, @PIMCO, reddit/Economics, @firoozye
Wall Street Journal
As Federal Reserve Chairman Ben Bernanke’s tenure draws to a close, The Wall Street Journal asked prominent economists to weigh in on how the history books will remember him.
shared by @BCAppelbaum, @PIMCO, reddit/Economics, @firoozye
Italy’s president fears violent insurrection in 2014 but offers no remedy
The Telegraph
President Giorgio Napolitano has warned of “widespread social tension and unrest” in 2014 as the Long Slump drags on. Those living on the margins are being drawn into “indiscriminate and violent protest, a sterile lurch towards total opposition”.
shared by @mhewson_CMC, Naked Capitalism, @EconBrothers, @JacobWolinsky, @D_Blanchflower
The Telegraph
President Giorgio Napolitano has warned of “widespread social tension and unrest” in 2014 as the Long Slump drags on. Those living on the margins are being drawn into “indiscriminate and violent protest, a sterile lurch towards total opposition”.
shared by @mhewson_CMC, Naked Capitalism, @EconBrothers, @JacobWolinsky, @D_Blanchflower
Fed Said to Delay Bank Leverage Cap Until Basel Completed
Bloomberg
The Federal Reserve has decided to delay imposing limits on leverage at eight of the biggest U.S. financial institutions until a global agreement is completed, according to two people briefed on the discussions.
shared by Business Insider, Naked Capitalism, Crossing Wall Street
Bloomberg
The Federal Reserve has decided to delay imposing limits on leverage at eight of the biggest U.S. financial institutions until a global agreement is completed, according to two people briefed on the discussions.
shared by Business Insider, Naked Capitalism, Crossing Wall Street
SEC Brings Fewer Enforcement Actions, Slows Early-Stage Probes
Wall Street Journal
As the SEC pushes into a new era of enforcement not dominated by the financial crisis, it is bringing fewer cases and the rate at which it is starting early-stage probes has fallen to its lowest level in at least a decade.
shared by @LaurenLaCapra, NYT Dealbook, @retheauditors, @nasiripour, @counterparties
Wall Street Journal
As the SEC pushes into a new era of enforcement not dominated by the financial crisis, it is bringing fewer cases and the rate at which it is starting early-stage probes has fallen to its lowest level in at least a decade.
shared by @LaurenLaCapra, NYT Dealbook, @retheauditors, @nasiripour, @counterparties
China bans new Bitcoin deposits
Financial Times
China has blocked the country’s Bitcoin exchanges from accepting new inflows of cash, a move that imperils the much-hyped virtual currency in its biggest market.
shared by @tylercowen, Naked Capitalism, @FGoria, @newsycombinator, Marginal Revolution
Financial Times
China has blocked the country’s Bitcoin exchanges from accepting new inflows of cash, a move that imperils the much-hyped virtual currency in its biggest market.
shared by @tylercowen, Naked Capitalism, @FGoria, @newsycombinator, Marginal Revolution
Eurozone agrees ‘backstop’ for failing banks
Financial Times
Eurozone finance ministers have reached a tentative agreement to provide a common backstop, by at least 2025, to the EU’s new bank rescue system in case it runs out of money in an emergency and requires taxpayer support.
shared by @YanniKouts, @FGoria, NYT Dealbook, @mhewson_CMC
Financial Times
Eurozone finance ministers have reached a tentative agreement to provide a common backstop, by at least 2025, to the EU’s new bank rescue system in case it runs out of money in an emergency and requires taxpayer support.
shared by @YanniKouts, @FGoria, NYT Dealbook, @mhewson_CMC
The Facebooking of Economics
New York Times
These are the good old days.
shared by @TheStalwart, @cullenroche, @Noahpinion, @MarkThoma, @gusbaratta
New York Times
These are the good old days.
shared by @TheStalwart, @cullenroche, @Noahpinion, @MarkThoma, @gusbaratta
J.P. Morgan sues FDIC over WaMu claims $JPM
Wall Street Journal
Bank Alleges An FDIC Receivership Didn’t Honor Obligations to Absorb Legal Claims Stemming From 2008 Failure.
shared by Naked Capitalism, @louisestory, @nasiripour
Wall Street Journal
Bank Alleges An FDIC Receivership Didn’t Honor Obligations to Absorb Legal Claims Stemming From 2008 Failure.
shared by Naked Capitalism, @louisestory, @nasiripour
Why Abenomics will disappoint
Financial Times
The predominant concern of Shinzo Abe, Japan’s prime minister, is with the decline of his country’s economy relative to China’s. This explains “Abenomics”, which is aimed at economic revitalisation. Can it succeed? The answer is: yes – but only in part.
shared by @cullenroche, @volatilitysmile, @Noahpinion, @edwardnh, @wonkmonk_
Financial Times
The predominant concern of Shinzo Abe, Japan’s prime minister, is with the decline of his country’s economy relative to China’s. This explains “Abenomics”, which is aimed at economic revitalisation. Can it succeed? The answer is: yes – but only in part.
shared by @cullenroche, @volatilitysmile, @Noahpinion, @edwardnh, @wonkmonk_
High-Speed Trading, Interest Rates Pose Risks, Treasury Says
Bloomberg
The U.S. financial system’s vulnerabilities include a sudden spike in interest rates amid greater risk-taking and high-frequency trading, the Treasury Department said.
shared by @TFMkts, @JoeSaluzzi, @ThemisSal
Bloomberg
The U.S. financial system’s vulnerabilities include a sudden spike in interest rates amid greater risk-taking and high-frequency trading, the Treasury Department said.
shared by @TFMkts, @JoeSaluzzi, @ThemisSal
Study: Rebates Are Key to Where Brokers Route Orders
Wall Street Journal
Stockbrokers appear to routinely send client orders to certain markets with the goal of obtaining payments from exchanges, a new academic study shows.
shared by @JoeSaluzzi, @ThemisSal, @IvanTheK
Wall Street Journal
Stockbrokers appear to routinely send client orders to certain markets with the goal of obtaining payments from exchanges, a new academic study shows.
shared by @JoeSaluzzi, @ThemisSal, @IvanTheK
Wealthy N.Y. Residents Escape Tax With Trusts in Nevada
Bloomberg
Wealthy Americans looking to avoid state income taxes are moving billions of dollars in assets to trusts in no-tax states such as Delaware, Nevada and Alaska.
shared by @edwardnh, @eisingerj, @M_C_Klein
Bloomberg
Wealthy Americans looking to avoid state income taxes are moving billions of dollars in assets to trusts in no-tax states such as Delaware, Nevada and Alaska.
shared by @edwardnh, @eisingerj, @M_C_Klein
Robinhood App Will Offer Zero-Commission Stock Trades
TechCrunch
Why pay E*Trade or Scottrade $7 to trade a stock when you could do it for free? That premise helped mobile investment app startup Robinhood raise the $3..
shared by @abnormalreturns, @MParekh
TechCrunch
Why pay E*Trade or Scottrade $7 to trade a stock when you could do it for free? That premise helped mobile investment app startup Robinhood raise the $3..
shared by @abnormalreturns, @MParekh
Jamie Dimon’s holiday card looks like a Ralph Lauren advertisement
Quartz
JPMorgan CEO Jamie Dimon and his family have sent out their annual missive, wishing family and friends happy holidays and all the best for 2014.
shared by @firstadopter, @LaurenLaCapra, @markgongloff, @AnnieLowrey
Quartz
JPMorgan CEO Jamie Dimon and his family have sent out their annual missive, wishing family and friends happy holidays and all the best for 2014.
shared by @firstadopter, @LaurenLaCapra, @markgongloff, @AnnieLowrey
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