Linkfest: ‘Fragile 5’ in turmoil; China’s Bear Stearns moment? Central bankers and the Great Muppet Taper

Categories: Linkfest

Today’s most shared:

  • ‘Fragile Five’ troubled emerging markets.
  • China’s Bear Stearns Moment?
  • Janet Yellen, central planner? And what’s a central banker good for?
  • Tackling inequality…Tobin tax, wealth tax, basic income guarantee?
  • The Daily Show on the minimum wage.

‘Fragile Five’ Is the Latest Club of Emerging Nations in Turmoil
New York Times
The name identifies Turkey, Brazil, India, South Africa and Indonesia as economies too dependent on skittish foreign investment to finance their growth ambitions.
shared by @ReformedBroker, @raju, Reformed Broker, Crossing Wall Street
 
China Is Headed for Its Very Own Bear Stearns Moment
Time
Is China about to have its own Bear Stearns moment?
shared by @ReformedBroker, @Noahpinion
 
JPMorgan Said Near Decision on $2 Billion Commodities Unit Sale
Bloomberg
JPMorgan Chase & Co. could fetch at least $2 billion for its commodities unit after it received bids from Blackstone Group LP, Macquarie Group and Mercuria Energy Group Ltd., people with knowledge of the matter said.
shared by @felixsalmon, @johngapper, Here Is The City, @JacobWolinsky
 
The Macro View: Meet Janet Yellen, central planner
darientimes.com
When the Federal Reserve manipulates interest rates, it is manipulating, and therefore distorting, every market in the world. The liquidity function has morphed into massive manipulation of interest rates.
shared by @mark_dow, @Alea_, @JamesGRickards
 
Ten Ways to Get Serious About Rising Inequality
New Yorker
The problem is too large and deep-rooted to be amenable to modest reformism.
shared by @EmanuelDerman, @counterparties, @ProPublica, @TimHarford, @M_C_Klein
 
Capitalism vs. Democracy
New York Times
Is deepening inequality inevitable? The case for a global wealth tax.
shared by reddit/Economics, @rjocean, @Richard_Florida
 
Subprime Called Safer Makes Comeback as ’Nonprime’: Mortgages
Bloomberg
Bill Dallas, whose last two subprime lenders went bust during the global credit crunch, pledges to get it right this time around.
shared by @LorcanRK, @petereavis
 
Argentina warns of speculative attack on emerging-market currencies
Wall Street Journal
Argentine President Kirchner’s government accused big business and the media of orchestrating speculative attacks against emerging-market currencies, such as the Argentine peso.
shared by @SpiegelPeter, @edwardnh, @prchovanec
 
Analyst who helped ‘short’ Herbalife exits Pershing Square
NY Post
Shane Dinneen, the Pershing Square analyst who did much of the initial work on the firm’s controversial $1 billion Herbalife short, has left the hedge fund.
shared by @JacobWolinsky, @BarbarianCap, Reformed Broker
 
No, micro is not the "good" economics
The Economist
If asked to compile a list of economists’ mistakes over the last decade, I would not know where to start.
shared by @edwardnh, reddit/Economics, @Noahpinion, @MarkThoma, @M_C_Klein
 
Wage Against the Machine
thedailyshow.com
Sam Bee researches the ironclad economic theories supporting a low minimum wage.
shared by @retheauditors, Business Insider, reddit/Economics, @Noahpinion
 

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