Linkfest: Yuan’s fall hurts traders; Russian sanctions bite; Fed dove dissents from guidance
Categories: Linkfest
Today’s most shared:
- Yuan’s fall punishes speculators.
- Russian sanctions punish some financial institutions.
- Kocherlakota blasts Fed guidance.
- Volcker rule will force banks to take losses.
- SEC looking into bond dealers who offer different prices to different market segments.
- Can the Bloomberg terminal be disrupted? It’s a strong platform business many firms build their businesses around, they’ve proved highly adaptable over the years, and for all its faults and high prices, competitors seem inept by comparison.
- Netflix makes its case for Net neutrality
- Bitcoin locates $100m in a lost wallet…someone should check founder’s pockets.
Tumbling Chinese yuan sets off ’carry trade’ rout, triggers derivatives contracts
The Telegraph
The yuan has lost 3pc since January, a clear break with China’s long-standing policy of slow appreciation.
shared by @Alea_, Naked Capitalism, @edwardnh, @Pawelmorski
The Telegraph
The yuan has lost 3pc since January, a clear break with China’s long-standing policy of slow appreciation.
shared by @Alea_, Naked Capitalism, @edwardnh, @Pawelmorski
Pettis on why the yuan is falling
MacroBusiness
It is pretty clear that the PBoC was mainly out to wrong-foot speculators including, perhaps most importantly, SOEs who have written a huge number of naked RMB puts (on the assumption, I guess, that the premiums were all free income).
shared by Naked Capitalism, @naufalsanaullah, @Dvolatility, @DavidSchawel
MacroBusiness
It is pretty clear that the PBoC was mainly out to wrong-foot speculators including, perhaps most importantly, SOEs who have written a huge number of naked RMB puts (on the assumption, I guess, that the premiums were all free income).
shared by Naked Capitalism, @naufalsanaullah, @Dvolatility, @DavidSchawel
Visa, Mastercard Freeze Customer Cards at Russian Bank
ria.ru
US-based Visa Inc. and Mastercard Inc. have stopped processing payments by cardholders of a Russian bank added to a list of targeted economic sanctions by the United States on Thursday, the bank said on its website.
shared by Business Insider, @TheStalwart, @FGoria, @Pawelmorski
ria.ru
US-based Visa Inc. and Mastercard Inc. have stopped processing payments by cardholders of a Russian bank added to a list of targeted economic sanctions by the United States on Thursday, the bank said on its website.
shared by Business Insider, @TheStalwart, @FGoria, @Pawelmorski
Obama Sanctions Timchenko: Will FUD Kill Gunvor?
streetwiseprofessor.com
shared by @TheStalwart, @jsphctrl, @Simon_Nixon, @M_C_Klein
streetwiseprofessor.com
shared by @TheStalwart, @jsphctrl, @Simon_Nixon, @M_C_Klein
Fed’s Kocherlakota blasts new rate guidance, wants low rates for longer
Reuters
The Federal Reserve should have promised to keep rates near zero until U.S. unemployment falls below 5.5 percent, as long as inflation and financial stability risks are contained, as long as inflation and financial stability risks are contained, said the lone dissenter to the Fed’s policy decision this week.
shared by @TheStalwart, @MichaelKitces, @IvanTheK
Reuters
The Federal Reserve should have promised to keep rates near zero until U.S. unemployment falls below 5.5 percent, as long as inflation and financial stability risks are contained, as long as inflation and financial stability risks are contained, said the lone dissenter to the Fed’s policy decision this week.
shared by @TheStalwart, @MichaelKitces, @IvanTheK
SEC Said Examining Hidden Electronic Bond Trading Prices
Bloomberg
The practice of dealers showing clients different prices for the same securities on electronic bond-trading platforms is drawing the scrutiny of the U.S. Securities and Exchange Commission.
shared by @cate_long, @JoeSaluzzi, @BarbarianCap, @JohnLothian
Bloomberg
The practice of dealers showing clients different prices for the same securities on electronic bond-trading platforms is drawing the scrutiny of the U.S. Securities and Exchange Commission.
shared by @cate_long, @JoeSaluzzi, @BarbarianCap, @JohnLothian
Can the Bloomberg Terminal be "Toppled"?
mattturck.com
In the eye of some entrepreneurs and venture capitalists, the Bloomberg terminal is a bit of an anomaly, perhaps even an anachronism. In the era of free information on the Internet and open source Big Data tools, here’s a business that makes billions every year charging its users to access data that it generally obtains from third parties, as well as the tools to analyze it.
shared by @ritholtz, @bondvigilantes, @JacobWolinsky, @Alea_
mattturck.com
In the eye of some entrepreneurs and venture capitalists, the Bloomberg terminal is a bit of an anomaly, perhaps even an anachronism. In the era of free information on the Internet and open source Big Data tools, here’s a business that makes billions every year charging its users to access data that it generally obtains from third parties, as well as the tools to analyze it.
shared by @ritholtz, @bondvigilantes, @JacobWolinsky, @Alea_
Volcker Rule Will Cost Banks Up to $4.3 Billion, OCC Says
Bloomberg
The Volcker Rule will cost U.S. national banks as much as $4.3 billion to implement as it forces them to sell restricted investments at a loss, according to a study by the Office of the Comptroller of the Currency.
shared by Here Is The City, NYT Dealbook, @FGoria, @JohnLothian, @MattGoldstein26
Bloomberg
The Volcker Rule will cost U.S. national banks as much as $4.3 billion to implement as it forces them to sell restricted investments at a loss, according to a study by the Office of the Comptroller of the Currency.
shared by Here Is The City, NYT Dealbook, @FGoria, @JohnLothian, @MattGoldstein26
Internet Tolls And The Case For Strong Net Neutrality
netflix.com
Netflix’s blog.
shared by @firstadopter, @M_C_Klein, Huffington Post, @JacobWolinsky, @edwardnh, @Techmeme
netflix.com
Netflix’s blog.
shared by @firstadopter, @M_C_Klein, Huffington Post, @JacobWolinsky, @edwardnh, @Techmeme
Mt. Gox apparently found 200,000 Bitcoin worth more than $100m in an old wallet, should check its pockets
Engadget
In a bit of news that’s familiar to anyone who ever put on an old jacket and found $20 in the pocket, embattled Bitcoin exchange Mt. Gox has made a fortuitous discovery.
shared by @felixsalmon, @crampell, @JustinWolfers, @ATabarrok
Engadget
In a bit of news that’s familiar to anyone who ever put on an old jacket and found $20 in the pocket, embattled Bitcoin exchange Mt. Gox has made a fortuitous discovery.
shared by @felixsalmon, @crampell, @JustinWolfers, @ATabarrok
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