Linkfest: Tepid wages despite labor force exits; Long bonds scarce; End the corporate income tax?

Categories: Linkfest

Today’s most shared:

  • Tepid wage growth.
  • A shortage of long bonds drives long-term rates lower.
  • Should the corporate income tax be eliminated?
  • Closing of IPO window may bode ill for some highly-valued startups.
  • Icahn calls out Buffett on Coke compensation plan.
  • Labor force participation decline: driven by structural changes in labor force, or the supply-demand picture?

In Tepid Wage Growth, a Potent Sign of a Still-Fragile Economy
New York Times
A new paper argues that the slow pace of wage growth is the clearest indicator that the recovery is still far from robust.
shared by @HamzeiAnalytics, @nancefinance, @tomkeene, Reformed Broker
 
Can’t Find Enough 30-Year Treasuries to Buy? Here’s Why
Bloomberg
In a world awash with U.S. government bonds, buyers of the longest-term Treasuries are facing a potential shortage of supply.
shared by @EddyElfenbein, @edwardnh, @BarbarianCap, Crossing Wall Street, @Dvolatility
 
End Corporate Taxation
New York Times
It’s the only way to stop the rush to countries with lower rates on profits.
shared by @danprimack, @mccarthyryanj, reddit/Economics, @ReformedBroker
 
Russia Knows Europe Sanctions Ineffective With Tax Havens
Bloomberg
Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe.
shared by @eisingerj, @OpenEurope, @HamzeiAnalytics, @MattGoldstein26
 
The Valuation Trap
avc.com
Some ‘unicorn’ billion-dollar startups face a combination of high valuations, equally high burn rates, and a disappearing IPO market.
shared by @TheStalwart, @howardlindzon, @ReformedBroker, Reformed Broker
 
Icahn: Why Buffett Is Wrong on Coke
Barron’s
Famed investor Carl C. Icahn strongly objects to Warren Buffett’s abstention from a vote on Coke’s executive-pay plan; and the Oracle of Omaha responds.
shared by @herbgreenberg, @danprimack, @Convertbond, Reformed Broker, @IvanTheK
 
The mainstream economics curriculum needs an overhaul
VOX
There is a reasonable degree of consensus on the need for curriculum reform, but no agreement on what this means.
shared by Naked Capitalism, @FGoria, @rjocean, @MarkThoma, @TimHarford, @INETeconomics
 
Goldman Sachs on the Labor Force Participation Rate
Calculated Risk
The big increase in retirements in the last three years looks far less “structural” to us than generally believed.
shared by Business Insider, @volatilitysmile, reddit/Economics
 
Why Participation Is Down
esoltas.blogspot.com
Labor force participation decline found mostly structural.
shared by @TheStalwart, @tylercowen, reddit/Economics, @Noahpinion
 
Loans That Avoid Banks? Maybe Not
New York Times
Peer-to-peer finance has a new swarm of lenders: some of the same kinds of big institutions it once shunned.
shared by @LaurenLaCapra, Naked Capitalism, @counterparties, @nancefinance
 
Get Ready for Regulators to Peer Into Your Portfolio
Wall Street Journal
A Finra program could make it harder for unscrupulous brokers to bilk customers. But some critics think it could endanger the privacy and security of investors’ confidential data.
shared by Abnormal Returns, @ReformedBroker, @IvanTheK, Reformed Broker, @JacobWolinsky
 
At Bank of America, a $4 Billion Wet Blanket on the Party
New York Times
An accounting error has cast a shadow over a bank’s comeback — and shareholders may well want some answers at the annual meeting.
shared by @LaurenLaCapra, Naked Capitalism, @retheauditors, @IvanTheK, @MattGoldstein26
 
Piketty: Our manifesto for Europe
theguardian.com
Thomas Piketty: European Union institutions no longer work. A radical financial and democratic settlement is needed.
shared by @NickMalkoutzis, reddit/Economics, @Simon_Nixon, @gusbaratta
 
Second Generation Buffett: Warren’s son is slated to step into his shoes as Berkshire Hathaway chairman
Wall Street Journal
Howard Buffett, a farmer, philanthropist and volunteer deputy sheriff, is slated to take over for his father Warren Buffett as Berkshire Hathaway’s next chairman.
shared by @Dasan, @bclund, @HamzeiAnalytics, @raju
 

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