EU Said to Weigh Extending Greek Loans to 50 Years
Bloomberg
The next handout to Greece may include extending the maturity on rescue loans to 50 years and cutting the interest rate on some previous aid by 50 basis points.
shared by @mark_dow, @ChrisAdamsMKTS, @OpenEurope, @EfiEfthimiou
 

Daring Fireball: Microsoft, Past and Future
daringfireball.net
John Gruber takes a crack at marching orders from a new CEO.
shared by @abnormalreturns, @MParekh, @newsycombinator, @Techmeme, @hblodget
 

No, CBO did not say Obamacare will kill 2 million jobs
Washington Post
Many people appear to misunderstand what the nonpartisan agency is reporting.
shared by @crampell, @MichaelKitces, reddit/Economics, @kairyssdal, @TheIntuitInvest
 

How Obamacare Discourages Work — And Why That Could Be A Good Thing
Business Insider
The most controversial subject of the day.
shared by @delong, @ObsoleteDogma, @morningmoneyben, @MattGoldstein26
 

Comparing U.S. and Euro Area Unemployment Rates
New York Fed
Euro area growth has been stalled since 2010, mired in the sovereign debt crisis, while the United States has managed a slow but steady recovery following the Great Recession.
shared by @BCAppelbaum, @ObsoleteDogma, @Alea_, @NYFed_news
 

The Buffett derivative mystery gets more exotic
Financial Times
In the comments on our last piece on Berkshire Hathaway’s very large derivative contracts we and Professor Pablo Triana learned that Warren Buffett treats the put options he sold between 2004 and 2008 as hard-to-value Level 3 liabilities.
shared by @JacobWolinsky, @M_C_Klein, @EpicureanDeal, @Kiffmeister
 

In Yearlong Clash Over Herbalife, Innuendo Trumps Clarity
New York Times
Without clear information on Herbalife’s business model, the speculation in its stock creates extreme volatility as investors trade on rumor.
shared by @JacobWolinsky, @herbgreenberg, @Ian_Fraser, @ritholtz
 

Everything You Need To Know About the Emerging Market Currency Collapse
The Atlantic
Money poured into developing economies after the financial crisis, and now it’s starting to pour out. How much should we worry?
shared by reddit/Economics, Crossing Wall Street, @B_Eichengreen
 

Understanding emerging-market turmoil
VOX
shared by Credit Writedowns, @MarkThoma, @FGoria, @B_Eichengreen
 

Emerging markets more vulnerable than ever to Fed tightening, warns BIS
The Telegraph
Bank for International Settlements says there had been a “massive expansion” in borrowing on global bond markets by banks and companies in developing countries.
shared by @JacobWolinsky, @Alea_, @CMEGroup, Reformed Broker, @mhewson_CMC
 

Lawsky Said to Open Currency Probe of Over Dozen Banks
Bloomberg
Benjamin Lawsky, New York’s top financial regulator, has asked more than a dozen banks including Goldman Sachs Group Inc. and Deutsche Bank AG for documents related to their currency trading practices.
shared by @davidenrich, @JohnLothian, @nasiripour, @NicTrades
 

The Fed’s bad manners risk offending foreigners
Financial Times
People are responsible for the foreseeable consequences of their actions, whether or not they intend to cause them. The Federal Open Market Committee, which sets monetary policy in the US, is no exception.
shared by @edwardnh, Naked Capitalism, Free Exchange, @Alea_, @nancefinance