A Standoff of Lawyers Veils Madoff’s Ties to JPMorgan Chase
New York Times
It remains one of Wall Street’s most puzzling mysteries: What exactly did JPMorgan Chase bankers know about Bernard L. Madoff’s Ponzi scheme?
shared by @ryanchittum, Naked Capitalism, @counterparties, @nancefinance, @TimOBrien
 

Smart Beta ETFs Beating S&P 500 Index Capture Record Cash
Bloomberg
Index funds became popular over the last four decades because they’re simple, conservative and low cost. A different kind of exchange-traded fund is drawing record cash by promoting better returns with the same stocks.
shared by @ThemisSal, @BarbarianCap, @JohnLothian
 

What is Auroracoin? Icelandic Cryptocurrency Passes Litecoin With $1 Billion Valuation
ibtimes.co.uk
Icelandic cryptocurrency auroracoin passes litecoin with $1bn market cap and triple-digit growth.
shared by @felixsalmon, @ObsoleteDogma, @Alea_, @LorcanRK, @Kiffmeister
 

News Release – Foreign Exchange market review
Bank of England
shared by @ChrisAdamsMKTS, @JacobWolinsky, @LorcanRK, @peter_tl, @IvanTheK, @moorehn
 

ECB May Repeat Japan Mistake That Triggered Lost Decade
Bloomberg
The central bank failed to sound a deflation alert.
shared by Naked Capitalism, reddit/Economics, @JohnLothian, Crossing Wall Street
 

Goldman Sachs Elevator: It’s Time I Set The Record Straight
Business Insider
Now that his identity is out, it’s the man behind Goldman Sachs Elevator has words for his detractors.
shared by NYT Dealbook, @ReformedBroker, @JacobWolinsky, @edwardnh
 

University of Chicago Pulls Plug on ‘Fabulous Fab’ Teaching Gig
Wall Street Journal
Fabrice Tourre’s teaching gig stopped before it ever started, as he will no longer teach an honors economics course to undergraduate students at the University of Chicago.
shared by @TheStalwart, @markgongloff, @ritholtz, @JacobWolinsky
 

China heads for first corporate bond default
Financial Times
A Chinese corporate bond was heading on Tuesday for default, potentially puncturing some of the optimism that has galvanised a booming $12tn corporate debt market.
shared by @chinahearsay, @retheauditors, @prchovanec, @M_C_Klein
 

Jason Furman: Poverty and the Tax Code
democracyjournal.org
CEA chair: Tax credits have arguably done more to reduce poverty than programs have. It’s time to expand them once again.
shared by @CenterOnBudget, @MarkThoma, Marginal Revolution, @rortybomb
 

Will Russia Go to War Over Ukraine? Don’t Bet on It
Institutional Investor
Crimean incursion has given Putin what he wants — control of Russia’s historic Black Sea port — without the baggage of Ukraine’s struggling economy.
shared by @AlephBlog, @vitaliyk, @JeffMacke, @ReformedBroker, @footnoted
 

What Putin Really Wants
New York Times
Russia’s goal isn’t annexation of Crimea. It wants to keep a thorn in the side of Ukraine’s new government.
shared by @jsphctrl, @Ian_Fraser, @Pawelmorski, @vali_nasr
 

Bank Oversight: Europe Stressed by Approaching Stress Tests
Der Spiegel
Thousands of ECB auditors have begun examining the balance sheets of euro-zone banks. Stress tests are coming soon.
shared by @Alea_, @EconBrothers, @TheIntuitInvest
 

Amazon CEO Jeff Bezos puts more money into Business Insider
Wall Street Journal
Business Insider raised an additional $12 million in funding from investors including Amazon.com Inc. Chief Executive Jeff Bezos, the online news site said.
shared by @TheStalwart, @johngapper, @nancefinance, @nichcarlson