Linkfest: Buffett-alooza; De-risking banking units; Grantham sees bubbles

Categories: Linkfest

Today’s most shared:

  • Buffett’s big weekend.
  • After grousing over onerous Dodd-Frank rules taking swaps out of insured banks…banks take many swaps out of banking units to preserve capital.
  • Grantham sees a bubble.
  • Homes are good at producing housing services, not capital gains.
  • Doom-saying is a popular business.
  • Who loves Vladimir Putin? Western banks and exporters looking to make a buck; also ZeroHedge, prolific and popular blogger of Bulgarian extraction banned from the securities industry.

Buffett Wants Tough Questions? How About These?
Bloomberg
Warren Buffett has long encouraged tough questions at Berkshire Hathaway Inc.’s annual meeting, and last year went as far as to bring in an investor who was betting on the stock’s decline.
shared by @jmackin2, @TheIntuitInvest, @AlephBlog
 
Warren Buffett and the Happiest Place on Earth
bloombergview.com
An inside look at Berkshire Hathaway’s annual meeting in Omaha and the happy legacy of Warren Buffett.
shared by Abnormal Returns, @retheauditors, @TimOBrien
 
Wall Street’s Quiet Turnabout on Swaps
New York Times
Although Wall Street banks have opposed a rule requiring that they push some of their derivatives trading into less-protected entitities, they now appear to be doing just that.
shared by @ThemisSal, @nasiripour, @EpicureanDeal
 
4 ways to stop the U.S. from becoming a Piketty-style oligarchy
Washington Post
If you want a picture of the future, imagine Paris Hilton’s stiletto-heeled boot stamping on a human face–forever.
shared by @ObsoleteDogma, @M_C_Klein, reddit/Economics, @counterparties, @mccarthyryanj
 
How Canada’s Flirtation with a China Oil Market Soured
Bloomberg
Stephen Harper was in need of a new friend with a big appetite for oil. The Americans just weren’t cutting it.
shared by @JohnLothian, @cate_long, @NicTrades, @AlephBlog
 
Bank of America Seen Entering Side Door of Russia Bank Loan Deal
Bloomberg
Bank of America Corp. found a side door into a loan for a Russian bank last month to avoid publicity as tensions escalated in the Ukraine, according to four people with knowledge of the matter.
shared by @michaelsderby, @LaurenLaCapra, @nasiripour, @Pawelmorski, @davidenrich
 
Corporate Germany lobbies for a halt on Russian sanctions.
Wall Street Journal
German Chancellor Angela Merkel is carrying a clear message from Germany’s business lobby when she meets President Barack Obama at the White House to discuss Ukraine: No more sanctions on Russia.
shared by Business Insider, @edwardnh, @morningmoneyben, @OpenEurope, @prchovanec
 
Hedge Funds Replace Banks as Europe Property Lenders
Bloomberg
Investors in commercial mortgage bonds have grown so tired of waiting for Europe’s market to recover after the financial crisis that they are now lending directly to property developers.
shared by @hedge_funds, @JohnLothian, @Convertbond, @MattGoldstein26
 
NYSE Fined for Rigging Markets Four Years Ago
bloombergview.com
One of the most amusing functions of the Securities and Exchange Commission is to keep track of the various stock exchanges’ dumb screw-ups and periodically send them a bill.
shared by @ThemisSal, @JohnLothian, @KidDynamiteBlog, @nasiripour
 
Are the Alarmists Right That the Global Economy Is on the Brink of a Stunning Collapse?
Slate
All is placid in financeland. Stocks in the U.S. and globally have been in a holding pattern since December; bonds as well. Overall economic data—limited though it may be and flawed though it certainly is—shows steady unspectacular growth i…
shared by @TheStalwart, Abnormal Returns, @ritholtz, @ObsoleteDogma
 
U.S. Looks Into Wagers, Pro and Con, on Herbalife
New York Times
Federal agencies have trained their focus on traders who bet both on the diet supplements company and against it.
shared by @firstadopter, @JacobWolinsky, Abnormal Returns, @BarbarianCap
 
Junket figure’s disappearance shakes Macau’s gambling industry
Wall Street Journal
The disappearance of a Macau junket figure believed to owe up to $1.3 billion is roiling the world’s largest casino market and putting a spotlight on the opaque network of middle men who drive nearly two-thirds of its gambling revenue.
shared by @TheStalwart, @prchovanec, @niubi, @ReformedBroker, @peter_tl
 
Marissa’s moment of truth
CNNMoney
As her second anniversary as CEO of Yahoo approaches — and one of its biggest assets (Alibaba) prepares to go public — all eyes are on Mayer.
shared by @ericjackson, @danprimack, @LaurenYoung, @Megan
 
A Vision of the Future From Those Likely to Invent It
New York Times
In a series of interviews, seven people who are driving this transformation provided a glimpse into the not-too-distant future
shared by @tylercowen, @TimOBrien, @UpshotNYT
 

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