Linkfest: Did Yellen gaffe? The ‘Minsky Moment;’ The banker suicides
Categories: Linkfest
Today’s most shared:
- Did Yellen swing and miss in her first Fed at-bat?
- The ‘Minsky Moment’ explained. And does the Greenspan/Bernanke/Yellen put help growth in the long run?
- Michael Pettis on economic consequences of income inequality.
- Bad economics; Subjective policy recommendations.
- Apple still seeking to launch streaming TV service, and its history of collusion with other tech companies to keep engineers’ wages down.
- How many banker suicides are too many?
Did Yellen intend to tighten policy last week?
Financial Times
In retrospect, last autumn turned out to be the high point for the dovish camp.
shared by @M_C_Klein, @MarkThoma, @ObsoleteDogma, @edwardnh, @TimHarford
Financial Times
In retrospect, last autumn turned out to be the high point for the dovish camp.
shared by @M_C_Klein, @MarkThoma, @ObsoleteDogma, @edwardnh, @TimHarford
Janet Yellen didn’t gaffe
Reuters
It’s become received opinion that Janet Yellen made a ‘rookie gaffe’ in her first press conference as Fed chair, thereby ‘rattling markets’. She didn’t.
shared by @ModeledBehavior, @BCAppelbaum, Naked Capitalism, @tomkeene
Reuters
It’s become received opinion that Janet Yellen made a ‘rookie gaffe’ in her first press conference as Fed chair, thereby ‘rattling markets’. She didn’t.
shared by @ModeledBehavior, @BCAppelbaum, Naked Capitalism, @tomkeene
A Yellen ally at the Fed thinks markets should calm down about rate hikes
Washington Post
Wonkblog sits down with San Francisco President John Williams for an exclusive hour-long interview on his outlook for policy and the economy over the next few years.
shared by @ObsoleteDogma, @mark_dow, @markgongloff, @RANsquawk, @Neil_Irwin
Washington Post
Wonkblog sits down with San Francisco President John Williams for an exclusive hour-long interview on his outlook for policy and the economy over the next few years.
shared by @ObsoleteDogma, @mark_dow, @markgongloff, @RANsquawk, @Neil_Irwin
Did Hyman Minsky find the secret behind financial crashes?
bbc.com
Minsky spent his life on the margins of economics but his ideas suddenly gained currency with the 2007-08 financial crisis. To many, it seemed to offer one of the most plausible accounts of why it had happened.
shared by @mark_dow, @M_C_Klein, reddit/Economics, @ReformedBroker, @Alea_
bbc.com
Minsky spent his life on the margins of economics but his ideas suddenly gained currency with the 2007-08 financial crisis. To many, it seemed to offer one of the most plausible accounts of why it had happened.
shared by @mark_dow, @M_C_Klein, reddit/Economics, @ReformedBroker, @Alea_
Jeremy Grantham: The Fed is killing the recovery
Fortune
Money manager Jeremy Grantham argues that the Fed’s interventions have ruined the very recovery they were supposed to stimulate.
shared by Business Insider, @JacobWolinsky, @ReformedBroker, @markgongloff
Fortune
Money manager Jeremy Grantham argues that the Fed’s interventions have ruined the very recovery they were supposed to stimulate.
shared by Business Insider, @JacobWolinsky, @ReformedBroker, @markgongloff
Economic consequences of income inequality
mpettis.com
A rather long essay (sorry) on income inequality and on how I think we can best think about the impact of income inequality on the global economy.
shared by @YanniKouts, @volatilitysmile, @chinahearsay, @M_C_Klein
mpettis.com
A rather long essay (sorry) on income inequality and on how I think we can best think about the impact of income inequality on the global economy.
shared by @YanniKouts, @volatilitysmile, @chinahearsay, @M_C_Klein
Three Dangerous Economic Ideas
Forbes
This post by Alex Marsh got me thinking. If economic ideas influence policy makers, what happens when the economic ideas turn out to be wrong?
shared by @edwardnh, @ReformedBroker, Reformed Broker, @TheArmoTrader, @wonkmonk_
Forbes
This post by Alex Marsh got me thinking. If economic ideas influence policy makers, what happens when the economic ideas turn out to be wrong?
shared by @edwardnh, @ReformedBroker, Reformed Broker, @TheArmoTrader, @wonkmonk_
When the Scientist Is Also a Philosopher
New York Times
Economists’ advice on policy is based not just on their understanding of how the world works, but also on political philosophy — their judgments about what makes a good society.
shared by @derekhernquist, @GTCost, reddit/Economics, @ReformedBroker
New York Times
Economists’ advice on policy is based not just on their understanding of how the world works, but also on political philosophy — their judgments about what makes a good society.
shared by @derekhernquist, @GTCost, reddit/Economics, @ReformedBroker
Price Targets are Bulls**t.
The Reformed Broker
Analyst buy and sell calls are COMMERCIALS.
shared by @mark_dow, @ToddSullivan, @IvanTheK, @JacobWolinsky
The Reformed Broker
Analyst buy and sell calls are COMMERCIALS.
shared by @mark_dow, @ToddSullivan, @IvanTheK, @JacobWolinsky
Lindzon: Carl Icahn picked the wrong fight with Andreessen
pando.com
Icahn v. Andreessen, and Silicon Valley v. Wall Street.
shared by Abnormal Returns, @ReformedBroker, @ToddSullivan
pando.com
Icahn v. Andreessen, and Silicon Valley v. Wall Street.
shared by Abnormal Returns, @ReformedBroker, @ToddSullivan
The Stone Unturned: Credit Ratings
New York Times
As its proposed rules languish, some investor advocates want the Securities and Exchange Commission to start over — and to get tougher.
shared by Naked Capitalism, @retheauditors, @EmanuelDerman, @Kiffmeister
New York Times
As its proposed rules languish, some investor advocates want the Securities and Exchange Commission to start over — and to get tougher.
shared by Naked Capitalism, @retheauditors, @EmanuelDerman, @Kiffmeister
Russia: The World’s Riskiest Stock Market?
Wall Street Journal
Russia’s stock market is now among the world’s cheapest. It could also be a screaming risk.
shared by Abnormal Returns, @ReformedBroker, @MebFaber, @GTCost
Wall Street Journal
Russia’s stock market is now among the world’s cheapest. It could also be a screaming risk.
shared by Abnormal Returns, @ReformedBroker, @MebFaber, @GTCost
Apple is in talks with Comcast about streaming-TV service.
Wall Street Journal
Apple is in talks with Comcast about a streaming-TV service that would use an Apple set-top box and try to bypass congestion on the Web.
shared by @RolfeWinkler, @ritholtz, @nancefinance, @howardlindzon
Wall Street Journal
Apple is in talks with Comcast about a streaming-TV service that would use an Apple set-top box and try to bypass congestion on the Web.
shared by @RolfeWinkler, @ritholtz, @nancefinance, @howardlindzon
Revealed: Apple and Google’s wage-fixing cartel involved dozens more companies, over one million employees
pando.com
Confidential internal Google and Apple memos, buried within piles of court dockets and reviewed by PandoDaily, clearly show that what began as a secret cartel agreement between Apple’s Steve Jobs and Google’s Eric Schmidt to illegally fix the labor market for hi-tech workers, expanded within a few years to include companies ranging from Dell, IBM, eBay and Microsoft, to Comcast, Clear Channel, Dreamworks, and London-based public relations behemoth WPP.
shared by @ModeledBehavior, Naked Capitalism, @BarbarianCap, @ryanchittum
pando.com
Confidential internal Google and Apple memos, buried within piles of court dockets and reviewed by PandoDaily, clearly show that what began as a secret cartel agreement between Apple’s Steve Jobs and Google’s Eric Schmidt to illegally fix the labor market for hi-tech workers, expanded within a few years to include companies ranging from Dell, IBM, eBay and Microsoft, to Comcast, Clear Channel, Dreamworks, and London-based public relations behemoth WPP.
shared by @ModeledBehavior, Naked Capitalism, @BarbarianCap, @ryanchittum
Banker Deaths Leave Industry Concerned As Coroners Probe
Bloomberg
Coroners in London are preparing to investigate two apparent suicides as unexpected deaths by finance workers around the world have raised concerns about mental health and stress levels in the industry.
shared by @LaurenLaCapra, NYT Dealbook, Naked Capitalism, Here Is The City
Bloomberg
Coroners in London are preparing to investigate two apparent suicides as unexpected deaths by finance workers around the world have raised concerns about mental health and stress levels in the industry.
shared by @LaurenLaCapra, NYT Dealbook, Naked Capitalism, Here Is The City
What’s Behind This Totally Nonexistent Epidemic Of Banker Suicides?
theawl.com
The New York Post is doubling down on a truly grim tabloid story: "What’s behind epidemic of financial industry deaths?" New York City’s finance professionals are vastly under-killing themselves, compared to the population at large. Put that on your tabloid.
shared by @felixsalmon, @ryanchittum, @EpicureanDeal, @MattGoldstein26
theawl.com
The New York Post is doubling down on a truly grim tabloid story: "What’s behind epidemic of financial industry deaths?" New York City’s finance professionals are vastly under-killing themselves, compared to the population at large. Put that on your tabloid.
shared by @felixsalmon, @ryanchittum, @EpicureanDeal, @MattGoldstein26
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