Linkfest: ECB reaffirms ‘whatever it takes’; The subsidy to TBTF banks; Another quick, giant tech exit
Categories: Linkfest
Today’s most shared:
- ECB opens door to unconventional monetary policy to fight deflation.
- New York Fed researchers look at the issues of too-big-to-fail banks, including the value of the implicit government backstop.
- Another giant tech windfall as maker of virtual reality headset goes from begging for pre-orders to $2b sale to Facebook in 18 months.
- Is inherited wealth returning as primary source of political power, or are inequality critics picking up where Marx left off?
- SEC backs off plan to force money market mutual funds to quote net asset value every day, instead of fixing share price at $1.00.
- Bitcoin is an asset, but not a currency, says IRS.
- Google launches price war on cloud computing service providers like Amazon, Rackspace, not to mention Box and Dropbox.
ECB’s Liikanen says central bank open to negative deposit rate
Wall Street Journal
European Central Bank officials sent strong signals Tuesday that they are willing to consider dramatic steps to guard against dangerously low inflation, including negative interest rates and asset purchases.
shared by FT Alphaville, @OpenEurope, @tradefast, @JamesGRickards
Wall Street Journal
European Central Bank officials sent strong signals Tuesday that they are willing to consider dramatic steps to guard against dangerously low inflation, including negative interest rates and asset purchases.
shared by FT Alphaville, @OpenEurope, @tradefast, @JamesGRickards
Monks recant: Bundesbank opens the door to QE blitz
The Telegraph
The last bastion is tumbling. Even the venerable Bundesbank is edging crablike towards quantitative easing. It seems that tumbling inflation in Germany itself has at last shaken the monetary priesthood out of its ideological certainties.
shared by @D_Blanchflower, @ObsoleteDogma, @EconBrothers, reddit/Economics, @mhewson_CMC
The Telegraph
The last bastion is tumbling. Even the venerable Bundesbank is edging crablike towards quantitative easing. It seems that tumbling inflation in Germany itself has at last shaken the monetary priesthood out of its ideological certainties.
shared by @D_Blanchflower, @ObsoleteDogma, @EconBrothers, reddit/Economics, @mhewson_CMC
Measuring the Handouts to Big Banks
bloombergview.com
New research from the New York Fed supports the idea that the largest banks present an unacceptable threat to the economy.
shared by NYT Dealbook, @FGoria, @nasiripour, @eisingerj, @bobivry
bloombergview.com
New research from the New York Fed supports the idea that the largest banks present an unacceptable threat to the economy.
shared by NYT Dealbook, @FGoria, @nasiripour, @eisingerj, @bobivry
Do Big Banks Have Lower Operating Costs?
New York Fed
Despite recent financial reforms, there is still widespread concern that large banking firms remain “too big to fail.”
shared by @edwardnh, @MarkThoma, @davidmwessel, @NYFed_news, @davidweidner
New York Fed
Despite recent financial reforms, there is still widespread concern that large banking firms remain “too big to fail.”
shared by @edwardnh, @MarkThoma, @davidmwessel, @NYFed_news, @davidweidner
Matching Collateral Supply and Financing Demand in Dealer Banks
frb.org
shared by @naufalsanaullah, @izakaminska, @cate_long, @tracyalloway, @Kiffmeister
frb.org
shared by @naufalsanaullah, @izakaminska, @cate_long, @tracyalloway, @Kiffmeister
Banks pay out $100bn in US fines
Financial Times
Wall Street banks and their foreign rivals have paid out $100bn in US legal settlements since the financial crisis, according to Financial Times research, with more than half of the penalties extracted in the past year.
shared by NYT Dealbook, @retheauditors, @anatadmati, @JohnLothian
Financial Times
Wall Street banks and their foreign rivals have paid out $100bn in US legal settlements since the financial crisis, according to Financial Times research, with more than half of the penalties extracted in the past year.
shared by NYT Dealbook, @retheauditors, @anatadmati, @JohnLothian
18 months from Kickstarter to $2B exit – Aug. 1, 2012: When Oculus Asked for Donations
Wall Street Journal
The 10,000 people who kicked in a combined $2.4 million in the Oculus crowdfunding campaign got a total of 0.0% equity in what would be sold 18 months later for $2 billion.
shared by @firstadopter, @ritholtz, FT Alphaville, @ericjackson
Wall Street Journal
The 10,000 people who kicked in a combined $2.4 million in the Oculus crowdfunding campaign got a total of 0.0% equity in what would be sold 18 months later for $2 billion.
shared by @firstadopter, @ritholtz, FT Alphaville, @ericjackson
Dialogue: Eleven (so Far) Worthwhile Reviews of and Reflections on Thomas Piketty’s “Capital in the Twenty-First Century”
shared by @cafreeland, FT Alphaville, @Noahpinion, @MarkThoma, @davidmwessel, @moorehn
shared by @cafreeland, FT Alphaville, @Noahpinion, @MarkThoma, @davidmwessel, @moorehn
SEC set to alter stance on money funds
Wall Street Journal
U.S. securities regulators are preparing to exempt a majority of money-market mutual funds from a central plank of rules intended to curb risks in the $2.6 trillion market, according to people familiar with the agency’s discussions.
shared by @DanielAlpert, @AmyResnick, FT Alphaville, @moorehn
Wall Street Journal
U.S. securities regulators are preparing to exempt a majority of money-market mutual funds from a central plank of rules intended to curb risks in the $2.6 trillion market, according to people familiar with the agency’s discussions.
shared by @DanielAlpert, @AmyResnick, FT Alphaville, @moorehn
Bitcoin Is Property Not Currency in Tax System, IRS Says
Bloomberg
The U.S. government will treat Bitcoin as property for tax purposes, applying rules it uses to govern stocks and barter transactions, the Internal Revenue Service said in its first substantive ruling on the issue.
shared by @GTCost, Naked Capitalism, @TimOBrien, @howardlindzon
Bloomberg
The U.S. government will treat Bitcoin as property for tax purposes, applying rules it uses to govern stocks and barter transactions, the Internal Revenue Service said in its first substantive ruling on the issue.
shared by @GTCost, Naked Capitalism, @TimOBrien, @howardlindzon
Google Announces Massive Price Drops For Its Cloud Computing…
TechCrunch
At its Cloud Platform event today, Google announced a number of massive price drops for virtually all of its cloud-computing services.
shared by @firstadopter, @pkedrosky, @DougKass, @davewiner, @newsycombinator, @Techmeme
TechCrunch
At its Cloud Platform event today, Google announced a number of massive price drops for virtually all of its cloud-computing services.
shared by @firstadopter, @pkedrosky, @DougKass, @davewiner, @newsycombinator, @Techmeme
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