Linkfest: Chop shops; Submerging emerging markets; Do we give Nobelists too much credit?
Categories: Linkfest
Today’s most shared:
- Wall Street chop shops are a dying breed in the age of instant information, yet a few still manage to eke out a living scamming suckers, keeping bikini bars in business.
- Investors flee emerging market ETFs.
- Office of Financial Research seen ineffective.
- Equal opportunity seen elusive.
- How much should we listen to Nobel laureates?
- Mark Zuckerberg’s 10 years of Facebooking.
Wall Street Attracts Chop Shops 20 Years After ‘Wolf’
Bloomberg
There are at least 15 chop shops, as brokers call them, within a few blocks of the New York Stock Exchange. The brokers said they start by recommending a well-known stock. A few months later, they pressure investors to sell and switch into other shares, charging commissions of about 3 percent on each trade, or to buy private deals which generate bigger fees.
shared by @counterparties, @JohnLothian, @nasiripour, @EpicureanDeal, @MattGoldstein26
Bloomberg
There are at least 15 chop shops, as brokers call them, within a few blocks of the New York Stock Exchange. The brokers said they start by recommending a well-known stock. A few months later, they pressure investors to sell and switch into other shares, charging commissions of about 3 percent on each trade, or to buy private deals which generate bigger fees.
shared by @counterparties, @JohnLothian, @nasiripour, @EpicureanDeal, @MattGoldstein26
Record Cash Leaves Emerging Market ETFs on Lira Drop
Bloomberg
Investors are pulling money from exchange-traded funds that track emerging markets at the fastest rate on record, as China’s slowing growth and cuts to central- bank stimulus sink currencies from Turkey to Brazil.
shared by @mark_dow, @davidgaffen, @IvanTheK, @nasiripour
Bloomberg
Investors are pulling money from exchange-traded funds that track emerging markets at the fastest rate on record, as China’s slowing growth and cuts to central- bank stimulus sink currencies from Turkey to Brazil.
shared by @mark_dow, @davidgaffen, @IvanTheK, @nasiripour
The Disappointing Office of Financial Research
New York Times
The Treasury’s Office of Financial Research seems to have little gusto for taking on the biggest banks and the dangers they pose, an economist writes.
shared by @baselinescene, @MarkThoma, @davidmwessel, @nasiripour
New York Times
The Treasury’s Office of Financial Research seems to have little gusto for taking on the biggest banks and the dangers they pose, an economist writes.
shared by @baselinescene, @MarkThoma, @davidmwessel, @nasiripour
The Wisdom of Laureates
orderstatistic.wordpress.com
Academics are rewarded not for having good insights on average; they are rewarded for having path-breaking ideas every now and then. An academic who has one or two ingenious ideas in a career might well be viewed as someone worthy of a Nobel, even if most of their ideas are crazy.
shared by @MarkThoma, @JustinWolfers, @Noahpinion, @moorehn
orderstatistic.wordpress.com
Academics are rewarded not for having good insights on average; they are rewarded for having path-breaking ideas every now and then. An academic who has one or two ingenious ideas in a career might well be viewed as someone worthy of a Nobel, even if most of their ideas are crazy.
shared by @MarkThoma, @JustinWolfers, @Noahpinion, @moorehn
Spain’s black economy booming as GDP continues slow growth
theguardian.com
Report finds shadow economy has expanded to 24.6% of GDP, as official figures show fourth-quarter economic growth at 0.3%
shared by @edwardnh, @LorcanRK, @Simon_Nixon
theguardian.com
Report finds shadow economy has expanded to 24.6% of GDP, as official figures show fourth-quarter economic growth at 0.3%
shared by @edwardnh, @LorcanRK, @Simon_Nixon
World risks deflationary shock as BRICS puncture credit bubbles
The Telegraph
As matters stand, the next recession will push the Western economic system over the edge into deflation.
shared by @JacobWolinsky, Naked Capitalism, reddit/Economics, @Ian_Fraser, @mhewson_CMC
The Telegraph
As matters stand, the next recession will push the Western economic system over the edge into deflation.
shared by @JacobWolinsky, Naked Capitalism, reddit/Economics, @Ian_Fraser, @mhewson_CMC
The Fed’s converging misses on inflation and unemployment
Financial Times
The final FOMC statement of the Bernanke era included nothing unexpected, which didn’t stop markets from expressing disappointment.
shared by @TheStalwart, reddit/Economics, @firoozye, Calculated Risk
Financial Times
The final FOMC statement of the Bernanke era included nothing unexpected, which didn’t stop markets from expressing disappointment.
shared by @TheStalwart, reddit/Economics, @firoozye, Calculated Risk
Churnalism
The Economist
The economics of labor market churn.
shared by @M_C_Klein, @ezraklein, @davidmwessel, @TimHarford, @Neil_Irwin
The Economist
The economics of labor market churn.
shared by @M_C_Klein, @ezraklein, @davidmwessel, @TimHarford, @Neil_Irwin
Facebook Turns 10: The Mark Zuckerberg Interview
Bloomberg Businessweek
Like any company that reaches its tweens, Facebook has some growth issues. Mark Zuckerberg has a plan. Several, actually.
shared by @TheStalwart, @ErikSchatzker, Huffington Post, @raju, Reformed Broker, @Techmeme
Bloomberg Businessweek
Like any company that reaches its tweens, Facebook has some growth issues. Mark Zuckerberg has a plan. Several, actually.
shared by @TheStalwart, @ErikSchatzker, Huffington Post, @raju, Reformed Broker, @Techmeme
Everyone likes the idea of equal opportunity. This economist thinks it’s a fantasy.
Washington Post
Politicians from both parties want to make it easier to climb from the bottom of the income ladder to the top. Gregory Clark explains why that might be easier said than done.
shared by @TimHarford, reddit/Economics, @CardiffGarcia, Marginal Revolution
Washington Post
Politicians from both parties want to make it easier to climb from the bottom of the income ladder to the top. Gregory Clark explains why that might be easier said than done.
shared by @TimHarford, reddit/Economics, @CardiffGarcia, Marginal Revolution
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