Prepare for "unparalleled ruthlessness and pressure." Jack Ma’s letter to Alibaba staff on IPO filing
Wall Street Journal
Alibaba founder Jack Ma wrote a letter to employees outlining his vision for the company ahead of its IPO. China Real Time obtained a copy.
shared by @TheStalwart, @JacobWolinsky, @ReformedBroker, @vshih2
 

What is Alibaba?
Wall Street Journal
Alibaba is China’s biggest online commerce company. After it goes public, Alibaba will be one of the most valuable tech companies in the world. Here’s a guide to the company, its founder Jack Ma and what its expected IPO will mean.
shared by @TheStalwart, @FGoria, @AntDeRosa, @HamzeiAnalytics
 

All the Western companies you’d have to combine to get something like Alibaba
Quartz
Alibaba, which is expected to file for its IPO any day now, isn’t just the "Amazon of China"—it’s also the Dropbox, PayPal, Uber, Hulu, ING Direct, and more.
shared by @markgongloff, @TimOBrien, @SconsetCapital, @m_delamerced
 

What’s Right with Housing?
Calculated Risk
Oh my, the sky is falling! Well, maybe not.
@TheStalwart, Business Insider, @NickTimiraos, @calculatedrisk
 

Hating Homeownership
bloombergview.com
The perception that housing is a bad investment is influenced too much by recent events.
shared by @jasonzweigwsj, @TheStalwart, @ReformedBroker, @TheArmoTrader
 

What Baby Boomers’ Retirement Means For the U.S. Economy
fivethirtyeight.com
For decades, the retirement of the baby boom generation has been a looming economic threat. Now, it’s no longer looming — it’s here. Every month, more than a quarter-million Americans turn 65.
shared by @MichaelKitces, reddit/Economics, @NickTimiraos
 

Einhorn Finds Dinner Chat With Bernanke ‘Frightening’
Bloomberg
“It was sort of frightening because the answers were not better than I thought they would be.”
shared by @izakaminska, @LaurenLaCapra, @howardlindzon, @vshih2, @humenm
 

There Is Still Such a Thing as ’Too Big to Jail’
bloombergview.com
Eric Holder is backtracking when he says there’s no such thing as "too big to jail."
shared by @EmanuelDerman, @FGoria, @TimOBrien
 

Wall Street Is Lording One Number Over Twitter, Is It the Right One?
Gawker
If you’re one of Twitter’s 255 million monthly active users or MAUs, you may have noticed company insiders sub-tweeting Wall Street. Only a suit, they scoff, would fail to recognize the value of a company your mom sees flashing across her TV screen.
shared by @TheStalwart, @MichaelKitces, @davewiner, @mccarthyryanj
 

Ex-Twitter Employees Freaking Out Because They Can’t Sell Their Stock
Gawker
Twitter’s stock is currently plummeting down almost 17 percent, but it could have been even worse. The lockup period expired yesterday, prompting fears of a crash should employees and investors decide to sell their stock. But former Twitter employees complained earlier today that they were blocked from cashing out.
shared by @TheStalwart, @kevinroose, @kaylatausche, @BarbarianCap, @crampell, @Dasan
 

There’s still no reason to be afraid of the inflation monster
Washington Post
Worrying about rising prices is out. But worrying about rising wages is in.
shared by @D_Blanchflower, @ObsoleteDogma, reddit/Economics, @IvanTheK, @mccarthyryanj
 

Wipe out rentiers with cheap money
Financial Times
High-income economies have had ultra-cheap money for more than five years. Japan has lived with it for almost 20. This has been policy makers’ principal response to the crises they have confronted.
shared by @TheStalwart, @prchovanec, @MarkThoma, @ObsoleteDogma, @edwardnh, @wonkmonk_
 

Stanford to Purge $18 Billion Endowment of Coal Stock
New York Times
Stanford becomes the first major university to lend support to a nationwide campaign to rid endowments and pension funds of fossil fuel investments.
shared by @mattbish, @larsonchristina
 

SEC probing brokerages over handling of retail orders – sources
Reuters
The Securities and Exchange Commission has sent out subpoenas and demands for records to brokerage companies as part of a probe into how retail customers’ orders are routed, executed and filled.
shared by @ThemisSal, @JoeSaluzzi, @yvessmith, @pdacosta, @HamzeiAnalytics
 

Nine maps that show how climate change is already affecting the US
vox.com
Climate change isn’t just a problem for future generations anymore.
shared by @delong, Abnormal Returns, @larsonchristina, @ezraklein
 

Billionaire Hedge Funders Made Money the Old-Fashioned Way
bloombergview.com
Hedge fund ‘rich list’ mostly driven by how large a fortune managers had invested in their fund, and how it performed.
shared by @counterparties, @Noahpinion, @TimOBrien, @EpicureanDeal
 

What Tim Geithner Got Right
New York Times
Jennifer Taub, an associate professor at Vermont Law School, considers the former Treasury secretary’s legacy, as his book, “Stress Test,” is about to come out.
shared by @delong, @interfluidity, @cate_long
 

The "Stock Market" Does Not Owe You Anything
chicagosean.com
I know you haven’t yet heard enough yet on the topic, so I thought I’d throw my hat in the ring regarding Michael Lewis’ book “Flash Boys.”
shared by @abnormalreturns, @ReformedBroker, Abnormal Returns
 

A zany announcement: I sometimes change my mind about markets
peterlbrandt.com
How a trader thinks, and expresses himself.
shared by @howardlindzon, @ReformedBroker