Linkfest: Fed misses both legs of dual mandate; China GDP passes US; US seeks guilty pleas from banks
Categories: Linkfest
Today’s most shared:
- The Fed winds down QE while still missing both inflation and employment targets.
- US seeks criminal pleas from two European banks; A profile of that rare creature: a senior banker who went to jail.
- China poised to pass US as largest economy.
- Elites found to persist across generations around the world.
- Elizabeth Warren warns of ‘Citigroup Clique.’
- SEC chair has to tell Congress markets are not rigged.
- Hedge fund manager says deflation less likely than asteroid striking the Earth. In other news, scientists upgrade odds of asteroid striking Earth.
By Its Own Yardstick, the Fed Is Falling Short
New York Times
The Federal Reserve is expected to keep winding down its stimulus campaign, while missing targets linked to both its statutory mandates, inflation and employment.
shared by @LaurenLaCapra, @mccarthyryanj, reddit/Economics
New York Times
The Federal Reserve is expected to keep winding down its stimulus campaign, while missing targets linked to both its statutory mandates, inflation and employment.
shared by @LaurenLaCapra, @mccarthyryanj, reddit/Economics
U.S. Close to Bringing Criminal Charges Against Big Banks
New York Times
Prosecutors, in seeking guilty pleas from Credit Suisse and BNP Paribas, are looking to address public outrage and alter the belief that Wall Street institutions are “too big to jail.”
shared by @kevinroose, @MattGoldstein26, Business Insider
New York Times
Prosecutors, in seeking guilty pleas from Credit Suisse and BNP Paribas, are looking to address public outrage and alter the belief that Wall Street institutions are “too big to jail.”
shared by @kevinroose, @MattGoldstein26, Business Insider
Why Only One Top Banker Went to Jail for the Financial Crisis
New York Times
The economic catastrophe of 2008 was the largest of its kind since the Depression. Who’s taking the fall?
shared by @ReformedBroker, @kevinroose
New York Times
The economic catastrophe of 2008 was the largest of its kind since the Depression. Who’s taking the fall?
shared by @ReformedBroker, @kevinroose
China poised to pass US as world’s leading economic power
Financial Times
The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.
shared by @kairyssdal, reddit/Economics, @vali_nasr, @tylercowen
Financial Times
The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.
shared by @kairyssdal, reddit/Economics, @vali_nasr, @tylercowen
China Has Accomplished Something In Global Trade Not Seen Since Colonial Britain
Business Insider
China is a true mega trader.
shared by @johngapper, Naked Capitalism, reddit/Economics, @prchovanec
Business Insider
China is a true mega trader.
shared by @johngapper, Naked Capitalism, reddit/Economics, @prchovanec
The remarkable persistence of power and privilege
inside.org.au
Analysis of surnames shows elites around the world retain their status across many generations.
shared by @JustinWolfers, Marginal Revolution, reddit/Economics
inside.org.au
Analysis of surnames shows elites around the world retain their status across many generations.
shared by @JustinWolfers, Marginal Revolution, reddit/Economics
Royal Mail float scandal: how hedge funds cleaned up
The Independent
The Royal Mail flotation scandal has deepened after officials finally admitted that hedge funds were among the “priority investors” sold hundreds of millions of pounds of shares.
shared by @hedge_funds, @volatilitysmile
The Independent
The Royal Mail flotation scandal has deepened after officials finally admitted that hedge funds were among the “priority investors” sold hundreds of millions of pounds of shares.
shared by @hedge_funds, @volatilitysmile
Elizabeth Warren: The Citigroup Clique
Politico
Today, I cast my vote on the Senate Banking Committee for Stanley Fischer to serve in the No. 2 position at the U.S. Federal Reserve. But I cast my vote reluctantly because of my growing frustration over the concentration of people with ties to the megabank Citigroup in senior government positions.
shared by Reformed Broker, @JacobWolinsky, @BCAppelbaum, @TNYJohnCassidy
Politico
Today, I cast my vote on the Senate Banking Committee for Stanley Fischer to serve in the No. 2 position at the U.S. Federal Reserve. But I cast my vote reluctantly because of my growing frustration over the concentration of people with ties to the megabank Citigroup in senior government positions.
shared by Reformed Broker, @JacobWolinsky, @BCAppelbaum, @TNYJohnCassidy
Elliott Says Deflation Less Likely Than Asteroid Hitting
Bloomberg
Elliott Management Corp., the $24.1 billion hedge-fund firm run by Paul Singer, said recession is a possibility in the developed world, while the deflation that keeps central bankers awake at night is less likely than an asteroid hitting the Earth.
shared by @TheStalwart, @Convertbond, Reformed Broker, @nasiripour, @moorehn
Bloomberg
Elliott Management Corp., the $24.1 billion hedge-fund firm run by Paul Singer, said recession is a possibility in the developed world, while the deflation that keeps central bankers awake at night is less likely than an asteroid hitting the Earth.
shared by @TheStalwart, @Convertbond, Reformed Broker, @nasiripour, @moorehn
Fairholme Backs Campaign to Save Fannie and Freddie
New York Times
Bruce R. Berkowitz’s mutual fund, which is an investor in Fannie Mae and Freddie Mac, is providing money for a group that is supporting the companies that lawmakers are trying to wind down.
shared by @jennablan, @volatilitysmile, @JacobWolinsky, @MattGoldstein26
New York Times
Bruce R. Berkowitz’s mutual fund, which is an investor in Fannie Mae and Freddie Mac, is providing money for a group that is supporting the companies that lawmakers are trying to wind down.
shared by @jennablan, @volatilitysmile, @JacobWolinsky, @MattGoldstein26
U.S. SEC chair to Congress: ’The markets are not rigged’
Reuters
U.S. Securities and Exchange Commission Chair Mary Jo White flatly rejected claims that retail investors are being fleeced by high-frequency traders.
shared by Business Insider, @volatilitysmile, @pdacosta
Reuters
U.S. Securities and Exchange Commission Chair Mary Jo White flatly rejected claims that retail investors are being fleeced by high-frequency traders.
shared by Business Insider, @volatilitysmile, @pdacosta
StreetEYE.com follows the best ‘curators’ on the web and social media, and finds all the top financial news right now, as voted by you.
Please help us pick the most important stories you think should appear in this linkfest by voting here!