Linkfest: ‘Wolves of Wall Street’ – exception or chronic problem? Yields rise, worsen fiscal pictures; Bernanke’s farewell
Categories: Linkfest
Today’s most shared: Is the “Wolf of Wall Street” emblematic of Wall Street greed, or just some scammers from Long Island who used Wall Street as a cover? … Rising bond yields will cost government treasuries around the world… Summers calls for fiscal stimulus… $2b JPMorgan settlement over Madoff still in the works… Europe eases bank trading rules… Social capital and economic outcomes… PE firms move into mutual funds… RIP, long term thinking… Best books enjoyed by Wall Street’s finest in 2013… Bernanke’s farewell address… A rare mea culpa from an inflationista… Legal pot’s first big day in Denver.
Ronald Rubin: How the ’Wolf of Wall Street’ Really Did It
Wall Street Journal
A former SEC enforcement attorney writes that the stock scam wasn’t emblematic of Wall Street greed. These guys were just shrewd crooks working out of Long Island.
shared by Abnormal Returns, @JoeSaluzzi, reddit/Economics, Reformed Broker, @ritholtz
Wall Street Journal
A former SEC enforcement attorney writes that the stock scam wasn’t emblematic of Wall Street greed. These guys were just shrewd crooks working out of Long Island.
shared by Abnormal Returns, @JoeSaluzzi, reddit/Economics, Reformed Broker, @ritholtz
Bond Tab for Biggest Economies Seen at $7.43 Trillion in ’14
Bloomberg
The world’s biggest economies will need to refinance $7.43 trillion of sovereign debt in 2014 as bond yields begin to climb from record lows, threatening to raise borrowing costs while nations struggle to bring down elevated budget deficits.
shared by Naked Capitalism, @cate_long, Crossing Wall Street
Bloomberg
The world’s biggest economies will need to refinance $7.43 trillion of sovereign debt in 2014 as bond yields begin to climb from record lows, threatening to raise borrowing costs while nations struggle to bring down elevated budget deficits.
shared by Naked Capitalism, @cate_long, Crossing Wall Street
JPMorgan Chase Nears a $2 Billion Deal in a Case Tied to Madoff
New York Times
The expected deal between federal authorities and JPMorgan Chase would settle a case in which the bank is suspected of ignoring signs of Bernard L. Madoff’s Ponzi scheme.
shared by @davidenrich, Here Is The City, @peter_tl, @SallieKrawcheck
New York Times
The expected deal between federal authorities and JPMorgan Chase would settle a case in which the bank is suspected of ignoring signs of Bernard L. Madoff’s Ponzi scheme.
shared by @davidenrich, Here Is The City, @peter_tl, @SallieKrawcheck
Are Economic Values Transmitted from Parents to Children?
New York Fed
Economic research shows that differences in cultural traits and values—for example, trust, or the propensity to cooperate and not free-ride on others—are important determinants of economic outcomes, such as growth, economic and financial development, and international trade.
shared by @jasonzweigwsj, @davidmwessel, @NYFed_news, reddit/Economics
New York Fed
Economic research shows that differences in cultural traits and values—for example, trust, or the propensity to cooperate and not free-ride on others—are important determinants of economic outcomes, such as growth, economic and financial development, and international trade.
shared by @jasonzweigwsj, @davidmwessel, @NYFed_news, reddit/Economics
Carlyle and Fortress outline plans to tap retail investors
Financial Times
Carlyle, one of the world’s biggest private equity firms, plans to launch two new mutual funds registered with the Securities & Exchange Commission, one mainly in commodities and one across a broad array of asset classes including shares, fixed income, currencies and commodities, according to regulatory filings.
shared by @edwardnh, @volatilitysmile, @BarbarianCap, @SallieKrawcheck
Financial Times
Carlyle, one of the world’s biggest private equity firms, plans to launch two new mutual funds registered with the Securities & Exchange Commission, one mainly in commodities and one across a broad array of asset classes including shares, fixed income, currencies and commodities, according to regulatory filings.
shared by @edwardnh, @volatilitysmile, @BarbarianCap, @SallieKrawcheck
Wall Street’s Brightest Minds Share The Best Books They Read In 2013
Business Insider
A wide-ranging selection.
shared by @abnormalreturns, @ritholtz, @AlephBlog, @tomkeene
Business Insider
A wide-ranging selection.
shared by @abnormalreturns, @ritholtz, @AlephBlog, @tomkeene
Europe set to ease reform on bank splits
Financial Times
Brussels is set to ease financial reforms so that big European banks are not forced automatically to split lending operations from risky trading.
shared by NYT Dealbook, @mhewson_CMC, @SonyKapoor, @YanniKouts, @petereavis, @kamalahmed1
Financial Times
Brussels is set to ease financial reforms so that big European banks are not forced automatically to split lending operations from risky trading.
shared by NYT Dealbook, @mhewson_CMC, @SonyKapoor, @YanniKouts, @petereavis, @kamalahmed1
Summers Calls For U.S. Fiscal Stimulus
Wall Street Journal
An unusually weak and intractable U.S. economic recovery requires another dose of fiscal stimulus to have a fighting chance of being sustained, Harvard economist Lawrence Summers said Saturday.
shared by @fiatcurrency, @EmanuelDerman, @edwardnh, @pdacosta
Wall Street Journal
An unusually weak and intractable U.S. economic recovery requires another dose of fiscal stimulus to have a fighting chance of being sustained, Harvard economist Lawrence Summers said Saturday.
shared by @fiatcurrency, @EmanuelDerman, @edwardnh, @pdacosta
Business Insider Turned Down $100M-Plus Buyout Offer: Source
foxbusiness.com
BusinessInsider.com, an edgy financial and technology news website, may not technically be shopping itself, but that hasn’t stopped potential suitors from calling, including one that recently offered more than $100 million as a potential acquisition price.
shared by @markgongloff, @mccarthyryanj, @StKonrath, @howardlindzon
foxbusiness.com
BusinessInsider.com, an edgy financial and technology news website, may not technically be shopping itself, but that hasn’t stopped potential suitors from calling, including one that recently offered more than $100 million as a potential acquisition price.
shared by @markgongloff, @mccarthyryanj, @StKonrath, @howardlindzon
Five Economic Reforms Millennials Should Be Fighting For
Rolling Stone
Guaranteed jobs, universal basic incomes, public finance and more
shared by @TheStalwart, @ToddSullivan, Business Insider, reddit/Economics
Rolling Stone
Guaranteed jobs, universal basic incomes, public finance and more
shared by @TheStalwart, @ToddSullivan, Business Insider, reddit/Economics
Long-Term Thinking: 1800-2013
fool.com
R.I.P.
shared by @howardlindzon, @ReformedBroker, Abnormal Returns
fool.com
R.I.P.
shared by @howardlindzon, @ReformedBroker, Abnormal Returns
Arthur Laffer: I Was Wrong About The Fed And Inflation
Business Insider
But prices could still head higher. "Ask me whether inflation represents longer term problem, I think there’s a potential."
shared by @mark_dow, @markgongloff, reddit/Economics, @edwardnh
Business Insider
But prices could still head higher. "Ask me whether inflation represents longer term problem, I think there’s a potential."
shared by @mark_dow, @markgongloff, reddit/Economics, @edwardnh
Speech–Bernanke, The Federal Reserve: Looking Back, Looking Forward–January 3, 2014
Federal Reserve
shared by Huffington Post, Business Insider, @NickTimiraos, @MarkThoma
Federal Reserve
shared by Huffington Post, Business Insider, @NickTimiraos, @MarkThoma
How Facebook CEO Mark Zuckerberg learned to focus on the bottom line
Wall Street Journal
In taking Facebook public and reshaping it around mobile phones, Mark Zuckerberg, the often-stubborn, idealistic 29-year-old chief executive, has shown growing attention to the bottom line.
shared by @kevinroose, @RolfeWinkler, @johngapper, @nancefinance
Wall Street Journal
In taking Facebook public and reshaping it around mobile phones, Mark Zuckerberg, the often-stubborn, idealistic 29-year-old chief executive, has shown growing attention to the bottom line.
shared by @kevinroose, @RolfeWinkler, @johngapper, @nancefinance
Pot Prices Double as Colorado Begins Recreational Sales
Bloomberg
At Medicine Man Denver, a shop that began selling marijuana for recreational use last week, people waited in line to get their first taste of legal weed.
shared by @M_C_Klein, @cate_long, @munilass
Bloomberg
At Medicine Man Denver, a shop that began selling marijuana for recreational use last week, people waited in line to get their first taste of legal weed.
shared by @M_C_Klein, @cate_long, @munilass
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!