Bundesbank Open to Significant ECB Stimulus in June if 2016 Inflation Forecasts Lowered
Wall Street Journal
Germany’s central bank is willing to back an array of stimulus measures from the European Central Bank next month if needed to keep inflation from staying too low, a person familiar with the matter said.
shared by @TheStalwart, @OpenEurope, @mark_dow, Business Insider, @FGoria
 

The Great Hedge-Fund Mystery: Why Do They Make So Much?
New Yorker
Why do investors in hedge funds continue to allow the managers of the funds to dictate such onerous terms to them?
shared by @izakaminska, @spignal, @ryanchittum, @TimHarford, @hedge_funds, @munilass
 

A Deal to Dodge the Tax Man in America
New York Times
Why is Pfizer’s chief not being called to testify in Washington to explain the real purpose of his $106 billion megadeal plan for rival AstraZeneca: a mega-tax-dodge?
shared by @johngapper, Naked Capitalism, @footnoted, @MattGoldstein26
 

What We Learned From Tim Geithner’s Book
New York Times
Countless moments of crisis and broad themes are chronicled in the 580-page book, but there are a few smaller parts that we found particularly revelatory.
shared by @edwardnh, @prchovanec, @moorehn
 

Transport Regulation: If This Were Finance Uber Would Be Behind Bars
nemoincognito.wordpress.com
Rent-seeking and stealing or breaking the law or regulations can be two sides of same coin.
shared by @jsphctrl, @Nemo_incognito, @peter_tl
 

Fannie, Freddie regulator signals broad shift in policy
Wall Street Journal
Fannie Mae and Freddie Mac will shift their focus toward making more credit available to homeowners instead of their existing policy of pulling back from the mortgage market, the new head of the regulator overseeing the companies said.
shared by @JacobWolinsky, @markgongloff, @moorehn, @mccarthyryanj
 

The Paradox of Financial Crises
Wall Street Journal
In The Wall Street Journal, Timothy Geithner writes that aggressive government intervention will lead to a stronger financial system less dependent on the taxpayer.
shared by @mark_dow, @MarkThoma, @gusbaratta
 

James Surowiecki: The Startup Mass Extinction
New Yorker
It’s never been easier to build a product, raise money, and start a company. But there’s a catch: fierce competition means that the life of a startup is often brutish and short.
shared by Abnormal Returns, NYT Dealbook, reddit/Economics
 

As Seats Go Unfilled, Federal Reserve Board Could Drop to Three Members
New York Times
One governor, Jeremy C. Stein, is stepping down on May 28, leaving three on the Board of Governors if no action is taken by the Senate on nominees.
shared by Business Insider, @ritholtz, @MarkThoma, @JustinWolfers
 

This time China’s property bubble really could burst
Financial Times
Property activity indicators have been trending lower since mid-2013, and the downturn in the sector now threatens to turn into a bust. At best, China is entering a deflationary phase at a time of global fragility.
shared by @tylercowen, @FGoria, @prchovanec
 

In Gundlach’s `No Normal’ World, U.S. Treasuries Just Can’t Lose
Bloomberg
Blame the harsh winter for stifling economic growth or tensions in Ukraine for sparking demand for havens.
shared by @JacobWolinsky, @ReformedBroker, @StockJockey, @AlephBlog
 

Kass: Nuthin’ but a P/E Thang
The Street
So jus’ chill, ’til the next episode.
shared by @DougKass, @IvanTheK, @SconsetCapital
 

The economics of apologies
VOX
shared by @MarkThoma, @TimHarford, @FGoria, Naked Capitalism, reddit/Economics