Linkfest: Citi loses sleep over stress; Bartiromo relaunches; Obama deficit drops below Reagan’s
Categories: Linkfest
Today’s most shared:
- Citibank bankers, investors up in arms over stress tests.
- Maria Bartiromo launches on Fox, talks about what went wrong at CNBC.
- Federal deficit below Reagan deficits as percentage of GDP, as corporate profits rise to record. Cue cries of “socialism” in action and “OMG the debt!”
- Cash trapped overseas: Who has it, and how much is it actually worth?
- Forthcoming Michael Lewis book on HFT makes waves.
Fed feels backlash over stress tests
Financial Times
Citibank executives and investors lashed out at the Federal Reserve on Thursday, attacking its stress tests as “opaque” after the results battered Citigroup’s share price and rattled banks around the world.
shared by @LaurenLaCapra, NYT Dealbook, @retheauditors, Business Insider
Financial Times
Citibank executives and investors lashed out at the Federal Reserve on Thursday, attacking its stress tests as “opaque” after the results battered Citigroup’s share price and rattled banks around the world.
shared by @LaurenLaCapra, NYT Dealbook, @retheauditors, Business Insider
Maria Bartiromo: What Went Wrong at CNBC, and Why the ’Money Honey’ Moved to Fox
Daily Beast
Maria Bartiromo is about to unveil her new show on Fox News—but not before saying what went wrong at CNBC.
shared by @firstadopter, @TheStalwart, @mark_dow, @TheBasisPoint
Daily Beast
Maria Bartiromo is about to unveil her new show on Fox News—but not before saying what went wrong at CNBC.
shared by @firstadopter, @TheStalwart, @mark_dow, @TheBasisPoint
Obama Is More Fiscally Conservative Than Reagan
Business Insider
Why isn’t the economy surging? Because we’re still running a policy of government austerity.
shared by @mark_dow, Naked Capitalism, @niubi, @ReformedBroker
Business Insider
Why isn’t the economy surging? Because we’re still running a policy of government austerity.
shared by @mark_dow, Naked Capitalism, @niubi, @ReformedBroker
Designed in California, taxed in never never land
Financial Times
Who has overseas cash and how to value it.
shared by @JacobWolinsky, reddit/Economics, @M_C_Klein
Financial Times
Who has overseas cash and how to value it.
shared by @JacobWolinsky, reddit/Economics, @M_C_Klein
Tiger Global leads Wall Street pack turning to Silicon Valley
Reuters
As increasing numbers of technology companies defer initial public offerings, one influential Wall Street investor has stepped up to the plate in Silicon Valley.
shared by NYT Dealbook, @niubi, @JacobWolinsky, @ReformedBroker
Reuters
As increasing numbers of technology companies defer initial public offerings, one influential Wall Street investor has stepped up to the plate in Silicon Valley.
shared by NYT Dealbook, @niubi, @JacobWolinsky, @ReformedBroker
TurboTax Maker Funnels Millions To Lobby Against Easier Tax Returns…
TechCrunch
In the most technologically advanced countries, filing a tax return is free, easy and fast, and the government tallies the tax based on records it collects. Intuit’s long and expensive campaigns over the years have argued that IRS-based service is a “massive expansion of the U.S. government through a big government program.”
shared by @counterparties, @kevinroose, @JustinWolfers, @ObsoleteDogma
TechCrunch
In the most technologically advanced countries, filing a tax return is free, easy and fast, and the government tallies the tax based on records it collects. Intuit’s long and expensive campaigns over the years have argued that IRS-based service is a “massive expansion of the U.S. government through a big government program.”
shared by @counterparties, @kevinroose, @JustinWolfers, @ObsoleteDogma
Americans Must Adjust to a World Dominated by China – Fed’s Bullard
Wall Street Journal
Americans will soon have to get used to a world where China is the dominant economy, a top Fed official said this week.
shared by @JacobWolinsky, @edwardnh, @INETeconomics
Wall Street Journal
Americans will soon have to get used to a world where China is the dominant economy, a top Fed official said this week.
shared by @JacobWolinsky, @edwardnh, @INETeconomics
The great 1960s bowling bubble was so awesome
Quartz
There’s a reasonable amount of conjecture in the markets right now about whether things are getting a bit overheated.
shared by @abnormalreturns, @counterparties, @davidgaffen
Quartz
There’s a reasonable amount of conjecture in the markets right now about whether things are getting a bit overheated.
shared by @abnormalreturns, @counterparties, @davidgaffen
Monetary Policy And Secular Stagnation
houseofdebt.org
The Federal Reserve directly controls the short-term interest rate. But what it really tries to target is inflation and its expectations.
shared by @MarkThoma, @M_C_Klein
houseofdebt.org
The Federal Reserve directly controls the short-term interest rate. But what it really tries to target is inflation and its expectations.
shared by @MarkThoma, @M_C_Klein
Ben Bernanke Dines With Hedge Fund Billionaires In New York As He Rakes In The Big Bucks
Forbes
Former Fed Chairman Ben Bernanke hit the speaking circuit, already making at least $250,000 in his first public appearance since leaving office. He was also spotted having dinner at New York’s Le Bernardin with hedge fund billionaires.
shared by @JacobWolinsky, @hedge_funds, NYT Dealbook
Forbes
Former Fed Chairman Ben Bernanke hit the speaking circuit, already making at least $250,000 in his first public appearance since leaving office. He was also spotted having dinner at New York’s Le Bernardin with hedge fund billionaires.
shared by @JacobWolinsky, @hedge_funds, NYT Dealbook
Windfall for hedge funds and Russian banks as IMF rescues Ukraine
The Telegraph
Ukraine’s premier said his country was “on the edge of economic and financial bankruptcy”, but will comply with demands for drastic austerity
shared by @hedge_funds, Naked Capitalism, @cate_long, @edwardnh
The Telegraph
Ukraine’s premier said his country was “on the edge of economic and financial bankruptcy”, but will comply with demands for drastic austerity
shared by @hedge_funds, Naked Capitalism, @cate_long, @edwardnh
Smaghi: Reasons to favour eurozone quantitative easing
Financial Times
The surprising statement by Jens Weidmann, head of the Bundesbank, that quantitative easing “is not out of the question” in the eurozone, is not that surprising after all.
shared by @economistmeg, @davidmwessel, @FGoria, @LorcanRK
Financial Times
The surprising statement by Jens Weidmann, head of the Bundesbank, that quantitative easing “is not out of the question” in the eurozone, is not that surprising after all.
shared by @economistmeg, @davidmwessel, @FGoria, @LorcanRK
Michael Lewis Exposes High-Frequency Trading: ’You’re Enabling People To Screw Their Customers’
ibtimes.com
In a new book, the best-selling author takes on the Wall St. technique of using computer algorithms to trade securities in milliseconds.
shared by @abnormalreturns, @ThemisSal, @bclund
ibtimes.com
In a new book, the best-selling author takes on the Wall St. technique of using computer algorithms to trade securities in milliseconds.
shared by @abnormalreturns, @ThemisSal, @bclund
What another record year of corporate profits means for the US economy
Quartz
Last year was another record year for US corporations. New figures released today show they pulled in a record $1.68 trillion in after-tax profit.
shared by @markgongloff, reddit/Economics, @hblodget, @moorehn
Quartz
Last year was another record year for US corporations. New figures released today show they pulled in a record $1.68 trillion in after-tax profit.
shared by @markgongloff, reddit/Economics, @hblodget, @moorehn
Japan Is Taxing Itself Into Trouble
bloombergview.com
This is the wrong time to be taking money out of consumers’ pockets, which is what a sales-tax increase in Japan will do.
shared by @ObsoleteDogma, reddit/Economics, @counterparties, @M_C_Klein
bloombergview.com
This is the wrong time to be taking money out of consumers’ pockets, which is what a sales-tax increase in Japan will do.
shared by @ObsoleteDogma, reddit/Economics, @counterparties, @M_C_Klein
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