Pimco’s Gross declares El-Erian is ’trying to undermine me’
Reuters
Bill Gross, the co-founder and co-chief investment officer of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to undermine him by talking to The Wall Street Journal.
shared by @BarbarianCap, @BCAppelbaum, Naked Capitalism, @PreetaTweets
 

Man Denies He’s Bitcoin Founder
ap.org
Dorian Prentice Satoshi Nakamoto said Thursday that he is not the creator of Bitcoin, adding further mystery to the story of how the world’s most popular digital currency came to be.
shared by @izakaminska, NYT Dealbook, @TheStalwart, Business Insider
 

The Satoshi Paradox
Reuters
Either Nakamoto is lying through his teeth, or Newsweek has made what is probably the biggest and most embarrassing blunder in its 81-year history.
shared by @charlesforelle, @TheStalwart, @pkedrosky, @ChrisAdamsMKTS
 

London’s Laundry Business
New York Times
Britain will even betray America to protect the City’s hold on dirty Russian money. So forget about Ukraine.
shared by @MatinaStevis, @ReformedBroker, @Ian_Fraser, Reformed Broker, @moorehn
 

$80.7 trillion—Americans’ record wealth
Wall Street Journal
From 2006 to 2011, housing wealth fell from $23 trillion to $16 trillion, a loss that devastated the U.S. economy. Our research estimates that almost half of the decline in spending during the Great Recession can be attributed to the decline in house prices. So the rise in housing wealth–reported to be back up to $19.4 trillion–must be great news for household spending, right? Well, unfortunately, the story is a bit more complicated.
shared by Credit Writedowns, @nancefinance, Reformed Broker, @prchovanec
 

Is Rising Housing Wealth Great News for Spending?
houseofdebt.org
The Federal Reserve reported yesterday a continued rise home values, offering a boost to household wealth. From 2006 to 2011, housing wealth fell from $23 …
shared by @mark_dow, @TheStalwart, @M_C_Klein, @NickTimiraos, @nasiripour
 

Carl Icahn 2014 Would Take a Dim View of the Business Ethics of Carl Icahn 2005
pmarca.com
Carl Icahn 2005, board member, sold assets to Carl Icahn, investor, a turn of events Carl Icahn 2014 bitterly reproaches an eBay board member as an egregious ethical violation.
shared by @felixsalmon, @ReformedBroker, @hblodget, @IvanTheK, @Dasan
 

America’s Long and Productive History of Class Warfare
HBR
A trip back in time to 1884.
shared by @Alea_, @MarkThoma, @Richard_Florida
 

Shanghai Chaori defaults on bond interest payments
Wall Street Journal
Shanghai Chaori Solar Energy Friday failed to meet interest payments on a bond, becoming China’s first domestic corporate-bond default.
shared by Business Insider, @AmyResnick, Credit Writedowns
 

February Employment Report: 175,000 Jobs, 6.7% Unemployment Rate
Calculated Risk
A top ranked economics and finance blog with a focus on the housing market
shared by Business Insider, @calculatedrisk
 

Unemployment, Wages, Inflation, and Fed Policy – Tim Duy’s Fed Watch
Economist’s View
If the Fed follows historical behavior, they will begin tightening before wages rise and in an environment of low inflation such that inflation remains stable even as unemployment falls. In other words, in recent history they have not exhibited a tendency to overshoot. Explicit overshooting would represent a very significant shift in the Fed’s modus operandi.
shared by @BCAppelbaum, Credit Writedowns, @edwardnh
 

Big Company CEOs Just Aren’t Worth What We Pay Them
Forbes
It isn’t every day that academic research comes along to tell you something you really wanted to hear and that you suspected was the truth all along. In this case it’s about the long running debate around top executive pay.
shared by @ritholtz, @aarontask
 

After a Dazzling Early Career, a Star Trader Settles Down
New York Times
While Paul Tudor Jones II can still claim long-term annual returns of close to 19.5 percent in his $10.3 billion flagship fund, Tudor BVI Global, it has been 11 years since he last hit that level.
shared by @JacobWolinsky, @Alea_, Abnormal Returns
 

Stanford Takes Away A Grad’s MBA Degree
linkedin.com
For the first time ever, Stanford University’s Graduate School of Business today (March 5) confirmed that it had stripped a 2003 graduate of his MBA degree because he was admitted to the school’s MBA program under “false pretenses.”
shared by @EddyElfenbein, @edwardnh