Big drop in foreigners’ Treasury holdings at Fed stirs talk of move by Russia
Wall Street Journal
The value of U.S. government bonds held by foreign central banks at the Federal Reserve shrank by a record amount this week, causing a stir in the Treasury market.
shared by @TFMkts, @cafreeland, @firoozye
 

Russian Richest Face Margin Calls With Billions at Stake
Bloomberg
Alexander Lebedev is concerned.
shared by @firstadopter, @finansakrobat, @cafreeland, reddit/Economics
 

Fire-sale of US Treasuries is a warning of acute stress across the world
The Telegraph
Somebody is a selling a fistful of US Treasuries. It could be Russia, or China, Turkey, South Africa, or Indonesia, or all frantically selling bonds at the same time for different reasons. We don’t yet know.
shared by @volatilitysmile, @EconBrothers, reddit/Economics, @NicTrades, @mhewson_CMC
 

In Putin’s Russia, risk prices you
Financial Times
Or, why investors might be less than sanguine about sanctions against Russia.
shared by @GTCost, Abnormal Returns, @M_C_Klein, @INETeconomics, @TheStalwart
 

The U.S. Stock Market is Expensive, and It Should Be
philosophicaleconomics.wordpress.com
Is the U.S. stock market expensive? To answer the question, we need to get precise about what we mean by "expensive." Expensive relative to what?
shared by Abnormal Returns, @JacobWolinsky, Reformed Broker, @wonkmonk_
 

New cash, new questions for Business Insider
USA Today
New Money Raises New Questions for Business Insider…Will New Money Float Business Insider? Business Insider Plays In the Traffic…What is Business Insider Worth? What is a Digital Publisher Worth?
shared by @firstadopter, @StKonrath, @danprimack, @andrewtghill, @niubi
 

Fedspeak Cheatsheet: What Are Fed Policymakers Saying
Wall Street Journal
As Federal Reserve officials prepare to meet next Tuesday and Wednesday, here is a review of some of their comments on the bond-buying program and interest-rate guidance since their policy meeting in January.
shared by @counterparties, @mccarthyryanj, @CMEGroup
 

Bugatti-Driving 26-Year-Old Tied to Penny-Stock Website
Bloomberg
Short-sellers and stock promoters have puzzled for years over who operated one of the largest penny-stock websites. A U.S. lawsuit points to a Bugatti-driving 26-year-old from Montreal.
shared by @pkedrosky, Crossing Wall Street, @JacobWolinsky
 

Big banks put forex bonuses on hold
Financial Times
Barclays, Citigroup and Royal Bank of Scotland have frozen bonuses across swaths of their foreign exchange trading teams pending internal investigations into possible manipulation of key currency benchmarks.
shared by NYT Dealbook, @mhewson_CMC, Naked Capitalism, @FGoria
 

Income Gap, Meet the Longevity Gap
New York Times
Two counties, separated by fortune and 350 miles, demonstrate the widening divide in life expectancy between affluent and struggling areas of the United States.
shared by @SonyKapoor, @mccarthyryanj, @NickTimiraos, @LaurenYoung
 

On the Wrong Side of Globalization
New York Times
Trade agreements like the Trans-Pacific Partnership would make our problems worse.
shared by Naked Capitalism, reddit/Economics, @Noahpinion, @interfluidity
 

New York Strips London of Mantle as World’s Top Financial Center
Bloomberg
New York replaced London as the world’s leading financial center for the first time, after the City was rocked by a series of scandals and questions over the U.K.’s place in the European Union.
shared by @lucymarcus, Here Is The City, @JohnLothian, Crossing Wall Street
 

China Plans to Spend Over $163 Billion Redeveloping Shantytowns
Bloomberg
China said it will invest more than 1 trillion yuan ($162 billion) redeveloping shantytowns this year as the government detailed how it will boost its urban population to support growth.
shared by @theanalyst_hk, @SconsetCapital, @niubi, @pdacosta, @humenm
 

Technical Analysis and Individual Investors by Arvid O. I. Hoffmann, Hersh Shefrin
ssrn.com
We find that individual investors who use technical analysis and trade options frequently make poor portfolio decisions, resulting in dramatically lower returns
shared by @jasonzweigwsj, @pkedrosky, @abnormalreturns, @JacobWolinsky
 

Billionaires With Big Ideas Are Privatizing American Science
New York Times
As government financing of basic research has fallen off precipitously, philanthropists have stepped in, setting priorities and drawing both gratitude and trepidation from scientists.
shared by @MParekh, @larsonchristina, Naked Capitalism, @LaurenYoung
 

The Finance Macro Canon
Noahpinion
shared by @mark_dow, @cullenroche, Naked Capitalism, reddit/Economics
 

A Loan Fraud War That’s Short on Combat
New York Times
The Justice Department put investigations of mortgage crime on the back burner.
shared by @ritholtz, @AmerBanker, @Ian_Fraser, @rortybomb, @anatadmati
 

The Rise of Anti-Capitalism
New York Times
As production costs plummet, the future lies with nonprofits.
shared by @MarkThoma, reddit/Economics, @cullenroche, @SallieKrawcheck
 

What Can Take the Place of Fannie and Freddie?
Wall Street Journal
The problem with overhauling mortgage-finance giants Fannie and Freddie boils down to this: many in Washington say they want to get rid of the companies, but they want to preserve many of the benefits that those companies enabled.
shared by Abnormal Returns, @MarkThoma, @firoozye, @Kiffmeister
 

Buffett gets the better of everyone, version 4,762
Financial Times
We have always admired Warren Buffett’s ability to combine hard headed capitalism with incredible popularity. America’s favourite billionaire and all that.
shared by Abnormal Returns, @ryanchittum, @nasiripour, @AlephBlog, @M_C_Klein