Linkfest: Big banks out of control? DC to Wall Street revolving door; Why the CAPE is flawed
Categories: Linkfest
Today’s most shared:
- Is bigger better, or time to break up the big banks?
- DC-to-Wall-Street revolving door, specifically private equity, makes one question who runs what.
- Volcker rule effectiveness hinges on the meaning of ‘own’ – accounting rules can make things like leverage ratios meaningless. Anyone remember off-balance sheet CDOs and ‘liquidity puts?’
- Which is also one reason the CAPE is not the be-all and end-all
- Yellen may not have all the answers, but she’s calling the plays as she quarterbacks Fischer appointment.
- If you owned gold last year, was that a mistake? Losing money over some time frame doesn’t always mean you were wrong, unless you’re a market-timing trader.
Are Big Banks Out of Control?
New York Times
Does the lack of legal compliance that have cost banks billions in fines show that some have gotten too big to manage properly?
shared by @baselinescene, @IvanTheK
New York Times
Does the lack of legal compliance that have cost banks billions in fines show that some have gotten too big to manage properly?
shared by @baselinescene, @IvanTheK
Banks Seek to Limit Volcker With Challenge to Meaning of ‘Own’
Bloomberg
U.S. banks are seeking to limit the reach of the Volcker Rule by challenging its definition of what it means to own a hedge fund or private-equity fund.
shared by @LaurenLaCapra, reddit/Economics, Here Is The City
Bloomberg
U.S. banks are seeking to limit the reach of the Volcker Rule by challenging its definition of what it means to own a hedge fund or private-equity fund.
shared by @LaurenLaCapra, reddit/Economics, Here Is The City
Federal Reserve Said to Probe Banks Over Forex Fixing
Bloomberg
The Federal Reserve is investigating whether traders at the world’s biggest banks rigged benchmark currency rates, raising the risk that firms will be penalized for lax controls as regulators look for wrongdoing.
shared by @davidenrich, @SaraEisen, Here Is The City, @TimOBrien, reddit/Economics
Bloomberg
The Federal Reserve is investigating whether traders at the world’s biggest banks rigged benchmark currency rates, raising the risk that firms will be penalized for lax controls as regulators look for wrongdoing.
shared by @davidenrich, @SaraEisen, Here Is The City, @TimOBrien, reddit/Economics
Banks Say No to Marijuana Money, Legal or Not
New York Times
Banks across the country are reluctant to provide services to marijuana businesses, fearing that federal regulators and law enforcement authorities might punish them.
shared by @MattGoldstein26, Business Insider, Naked Capitalism, @FGoria
New York Times
Banks across the country are reluctant to provide services to marijuana businesses, fearing that federal regulators and law enforcement authorities might punish them.
shared by @MattGoldstein26, Business Insider, Naked Capitalism, @FGoria
Private equity and Washington: A love story
Politico
The private equity industry took a beating during the 2012 presidential campaign when Democrats used Mitt Romney’s ties to Bain Capital to attack the GOP presidential candidate as a coldblooded capitalist. But that political heat hasn’t stopped the industry from luring Washington heavyweights — including Democrats — with big paydays when they leave government.
shared by Naked Capitalism, @danprimack, @Kelly_Evans
Politico
The private equity industry took a beating during the 2012 presidential campaign when Democrats used Mitt Romney’s ties to Bain Capital to attack the GOP presidential candidate as a coldblooded capitalist. But that political heat hasn’t stopped the industry from luring Washington heavyweights — including Democrats — with big paydays when they leave government.
shared by Naked Capitalism, @danprimack, @Kelly_Evans
In 2013, the Fed Showed Why Fiscal Policy is Still Important
Next New Deal
shared by @ObsoleteDogma, @MarkThoma, reddit/Economics, @Noahpinion, @rortybomb
Next New Deal
shared by @ObsoleteDogma, @MarkThoma, reddit/Economics, @Noahpinion, @rortybomb
Yellen Said to Push White House to Pick Fischer for Fed
Bloomberg
President Barack Obama’s decision to nominate Stanley Fischer as the No. 2 at the Federal Reserve was prompted by none other than Janet Yellen.
shared by @TheStalwart, @BCAppelbaum, @edwardnh, @pdacosta, @AmyResnick
Bloomberg
President Barack Obama’s decision to nominate Stanley Fischer as the No. 2 at the Federal Reserve was prompted by none other than Janet Yellen.
shared by @TheStalwart, @BCAppelbaum, @edwardnh, @pdacosta, @AmyResnick
The Anti-Scientific Revolution in Macroeconomics
New York Times
When bad people happen to good ideas.
shared by @TheStalwart, reddit/Economics, @Noahpinion, @MarkThoma
New York Times
When bad people happen to good ideas.
shared by @TheStalwart, reddit/Economics, @Noahpinion, @MarkThoma
Why fiscal sustainability matters
VOX
shared by @FGoria, @brianmlucey, reddit/Economics, @MarkThoma, @INETeconomics, @lindayueh
VOX
shared by @FGoria, @brianmlucey, reddit/Economics, @MarkThoma, @INETeconomics, @lindayueh
The biggest question facing the U.S. economy: Why are people dropping out of the workforce?
Washington Post
Demographics, a weak labor market, and a rise in disability all play a role. But economists debate the exact mix.
shared by @LaurenYoung, reddit/Economics, @D_Blanchflower, @Richard_Florida
Washington Post
Demographics, a weak labor market, and a rise in disability all play a role. But economists debate the exact mix.
shared by @LaurenYoung, reddit/Economics, @D_Blanchflower, @Richard_Florida
GDP and life satisfaction: New evidence
VOX
shared by reddit/Economics, @FGoria, @MarkThoma, @TimHarford, @rodrikdani, @lindayueh
VOX
shared by reddit/Economics, @FGoria, @MarkThoma, @TimHarford, @rodrikdani, @lindayueh
Rising rates will help cure China’s credit addiction
Financial Times
In June and December last year, China’s interbank interest rates jumped from their normal level of about 3 per cent to peak as high as 9 per cent a year. The shockwaves did not stop there.
shared by @peter_tl, Naked Capitalism, @Noahpinion, @M_C_Klein
Financial Times
In June and December last year, China’s interbank interest rates jumped from their normal level of about 3 per cent to peak as high as 9 per cent a year. The shockwaves did not stop there.
shared by @peter_tl, Naked Capitalism, @Noahpinion, @M_C_Klein
The Shiller CAPE: Addressing the Responses
philosophicaleconomics.wordpress.com
In this piece, I’m going to address three responses to my earlier piece on the Shiller CAPE.
shared by @abnormalreturns, Abnormal Returns, @BarbarianCap, Reformed Broker, @M_C_Klein
philosophicaleconomics.wordpress.com
In this piece, I’m going to address three responses to my earlier piece on the Shiller CAPE.
shared by @abnormalreturns, Abnormal Returns, @BarbarianCap, Reformed Broker, @M_C_Klein
10 Reasons Barry Ritholtz Is Wrong About Gold
Reuters
Barry Ritholtz has been receiving a lot of praise for his 2,500-word Bloomberg listicle "10 Reasons the Gold Bugs Lost Their Shirts". Which is weird, because it’s deeply flawed.
shared by @JacobWolinsky, Naked Capitalism, @Noahpinion, @JamesGRickards
Reuters
Barry Ritholtz has been receiving a lot of praise for his 2,500-word Bloomberg listicle "10 Reasons the Gold Bugs Lost Their Shirts". Which is weird, because it’s deeply flawed.
shared by @JacobWolinsky, Naked Capitalism, @Noahpinion, @JamesGRickards
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