Linkfest: Investors flee stock funds; Did regulators give OK to FX abuses? Bitcoin turmoil
Categories: Linkfest
Today’s most shared:
- Investors reverse course, exit stock funds for bond funds.
- Bankers say BOE told them front-running FX customers was OK.
- Trouble in Bitcoin world as largest exchange halts withdrawals, largest wallet target of thefts.
- Apple’s big share repurchase.
- How fragile are emerging markets?
- JPMorgan’s Masters to advise CFTC in move some regard as the fox guarding the henhouse.
- SAC trader found guilty, preserving Bharara’s undefeated record in insider cases.
Investors swap out of U.S. stock funds and into bonds at fastest clip on record
Wall Street Journal
Traditional U.S. stock mutual funds and exchange-traded funds last week together saw withdrawals of $18.8 billion, their biggest weekly outflows on record.
shared by @derekhernquist, @markgongloff, @ritholtz, @SaraEisen
Wall Street Journal
Traditional U.S. stock mutual funds and exchange-traded funds last week together saw withdrawals of $18.8 billion, their biggest weekly outflows on record.
shared by @derekhernquist, @markgongloff, @ritholtz, @SaraEisen
BOE Staff Said to Have Condoned Currency Traders’ Conduct
Bloomberg
Bank of England officials told currency traders it wasn’t improper to share impending customer orders with counterparts at other firms, a practice at the heart of a widening probe into alleged market manipulation.
shared by @davidenrich, @nancefinance, Here Is The City, @Alea_
Bloomberg
Bank of England officials told currency traders it wasn’t improper to share impending customer orders with counterparts at other firms, a practice at the heart of a widening probe into alleged market manipulation.
shared by @davidenrich, @nancefinance, Here Is The City, @Alea_
Bitcoin Plunges As Major Exchange Mt. Gox Halts All Withdrawals
Business Insider
Uh-oh. Trouble in Bitcoinworld.
shared by @izakaminska, @MichaelKitces, Naked Capitalism, @JacobWolinsky
Business Insider
Uh-oh. Trouble in Bitcoinworld.
shared by @izakaminska, @MichaelKitces, Naked Capitalism, @JacobWolinsky
A string of thefts hit Bitcoin’s most reputable wallet service
The Verge
In a few hours on December 15th, Jeff lost nearly $10,000. It was 10.6 bitcoins held in the wallet service Coinbase, the most well-funded and widely implemented service on the market.
shared by @felixsalmon, @Alea_, @IvanTheK
The Verge
In a few hours on December 15th, Jeff lost nearly $10,000. It was 10.6 bitcoins held in the wallet service Coinbase, the most well-funded and widely implemented service on the market.
shared by @felixsalmon, @Alea_, @IvanTheK
Why bitcoin won’t disrupt digital transactions
Reuters
I like to keep my feet warm, and so I’m very glad that in five years’ time, Ben Horowitz, the co-founder of Andreessen Horowitz, is going to be sending me a pair of luxurious alpaca socks.
shared by Naked Capitalism, @danprimack, @Alea_, @MichaelKitces, @Kiffmeister
Reuters
I like to keep my feet warm, and so I’m very glad that in five years’ time, Ben Horowitz, the co-founder of Andreessen Horowitz, is going to be sending me a pair of luxurious alpaca socks.
shared by Naked Capitalism, @danprimack, @Alea_, @MichaelKitces, @Kiffmeister
Apple Repurchases $14B of Own Shares in 2 Weeks $AAPL
Wall Street Journal
Apple has bought $14 billion of its own shares in the two weeks since reporting financial results that disappointed Wall Street, Chief Executive Tim Cook said.
shared by @MParekh, @TheIntuitInvest, Business Insider, @vitaliyk
Wall Street Journal
Apple has bought $14 billion of its own shares in the two weeks since reporting financial results that disappointed Wall Street, Chief Executive Tim Cook said.
shared by @MParekh, @TheIntuitInvest, Business Insider, @vitaliyk
The OMT — um, what does this thing do again? A Bundesverfassungsgericht guide
Financial Times
Is the ECB’s OMT within its mandate of monetary policy, or a bailout of governments?
shared by @TheStalwart, Business Insider, @gusbaratta, @Alea_
Financial Times
Is the ECB’s OMT within its mandate of monetary policy, or a bailout of governments?
shared by @TheStalwart, Business Insider, @gusbaratta, @Alea_
Speed Traders Get an Edge
Wall Street Journal
High-frequency traders have been paying to get direct access to market-moving news releases, a practice that can give firms the ability to trade fractions of a second ahead of less fleet-footed investors.
shared by @ritholtz, @markgongloff, @ThemisSal, @Alea_, @ryanchittum
Wall Street Journal
High-frequency traders have been paying to get direct access to market-moving news releases, a practice that can give firms the ability to trade fractions of a second ahead of less fleet-footed investors.
shared by @ritholtz, @markgongloff, @ThemisSal, @Alea_, @ryanchittum
Amid Raft of Chinese Financial Numbers, One to Watch Carefully
New York Times
China Development Bank, which lends billions for infrastructure projects, has seen its own borrowing costs soar by about 50 percent, adding to the debate over whether the country can defy pessimists and continue to outgrow its neighbors.
shared by @ReformedBroker, @peter_tl, @gadyepstein, Reformed Broker
New York Times
China Development Bank, which lends billions for infrastructure projects, has seen its own borrowing costs soar by about 50 percent, adding to the debate over whether the country can defy pessimists and continue to outgrow its neighbors.
shared by @ReformedBroker, @peter_tl, @gadyepstein, Reformed Broker
What If Germany Is Booming and Nobody Noticed?
Bloomberg
Official statistics suggest that the German economy barely expanded in 2013. But those numbers may be wrong.
shared by @TheStalwart, @edwardnh, @economistmeg, @CardiffGarcia, @theanalyst_hk
Bloomberg
Official statistics suggest that the German economy barely expanded in 2013. But those numbers may be wrong.
shared by @TheStalwart, @edwardnh, @economistmeg, @CardiffGarcia, @theanalyst_hk
How Fragile are Emerging Markets? by Kenneth Rogoff
Project Syndicate
Emerging-market equities and exchange rates are again under severe downward pressure, but are the underlying economies really as fragile as global traders seem to fear? The short answer, for a few, is probably “yes,” but, for most, “not just yet.”
shared by Naked Capitalism, @chinahearsay, @CMEGroup
Project Syndicate
Emerging-market equities and exchange rates are again under severe downward pressure, but are the underlying economies really as fragile as global traders seem to fear? The short answer, for a few, is probably “yes,” but, for most, “not just yet.”
shared by Naked Capitalism, @chinahearsay, @CMEGroup
JPMorgan’s Blythe Masters to Join Swaps Regulator Panel
Bloomberg
Blythe Masters, head of JPMorgan Chase & Co.’s commodities division and bête noire of gold and silver bugs, is joining an advisory committee of the U.S. Commodity Futures Trading Commission.
shared by @LaurenLaCapra, @markgongloff, @BCAppelbaum, @SimoneFoxman
Bloomberg
Blythe Masters, head of JPMorgan Chase & Co.’s commodities division and bête noire of gold and silver bugs, is joining an advisory committee of the U.S. Commodity Futures Trading Commission.
shared by @LaurenLaCapra, @markgongloff, @BCAppelbaum, @SimoneFoxman
Former SAC Trader Found Guilty of Insider Trading
New York Times
With the conviction of Mr. Martoma, the nearly decade-long investigation of Steven Cohen and his hedge fund may have seen its last criminal prosecution.
shared by @ReformedBroker, @counterparties, @ryanchittum, Reformed Broker
New York Times
With the conviction of Mr. Martoma, the nearly decade-long investigation of Steven Cohen and his hedge fund may have seen its last criminal prosecution.
shared by @ReformedBroker, @counterparties, @ryanchittum, Reformed Broker
GMO Quarterly Letter – Year-End Odds and Ends
gmo.com
shared by Business Insider, @cullenroche, @SimoneFoxman, @pkedrosky
gmo.com
shared by Business Insider, @cullenroche, @SimoneFoxman, @pkedrosky
Why I Did Not Go To Jail
bhorowitz.com
shared by @MParekh, @danprimack, NYT Dealbook, @abnormalreturns, @Alea_
bhorowitz.com
shared by @MParekh, @danprimack, NYT Dealbook, @abnormalreturns, @Alea_
How to fix Twitter
Yahoo
Yahoo Finance’s interactive editor Phil Pearlman has some ideas to help fix Twitter.
shared by @TheStalwart, @allanschoenberg, @finansakrobat, @howardlindzon
Yahoo
Yahoo Finance’s interactive editor Phil Pearlman has some ideas to help fix Twitter.
shared by @TheStalwart, @allanschoenberg, @finansakrobat, @howardlindzon
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