Inside Europe’s Plan Z
Financial Times
In the second instalment of a series on the year that changed Europe, Peter Spiegel reveals how a secret strategy was developed to contain the firestorm from a Greek exit.
shared by @economistmeg, reddit/Economics, @NickMalkoutzis, @spignal
 

Eurozone setback after ’dismal’ growth figures dent talk of recovery
theguardian.com
Calls grow for further ECB stimulus as GDP data shows France and Italy flatlining and Netherlands suffering shock contraction.
shared by @edwardnh, reddit/Economics, @cate_long
 

Europe’s Crisis Treadmill by Barry Eichengreen
Project Syndicate
The supposed experts who predicted the imminent disintegration of the eurozone have been proved wrong. But it is equally likely that those now declaring that the crisis is over will be proved wrong as well.
shared by @Nouriel, @FGoria, reddit/Economics, @B_Eichengreen, @CMEGroup
 

David Tepper: ’I Am Nervous. I Think It’s Nervous Time.’
Business Insider
David Tepper is speaking at the SALT Conference in Las Vegas.
shared by @firstadopter, @jennablan, @DougKass, @ChrisAdamsMKTS, @DavidSchawel
 

Jeff Gundlach’s Crazy Treasury Market Prediction Has Been Spot On
Business Insider
It’s why they call him "the bond god."
shared by @delong, @jennablan, @ritholtz
 

Bill Gross Says Pimco to Rank Near Top Again by Year-End
Bloomberg
Bill Gross said his Pacific Investment Management Co. will rank at the top by the end of 2014, after several funds trailed peers over the past year.
shared by @JacobWolinsky, @volatilitysmile, Here Is The City, @MattGoldstein26
 

Summers: The Inequality Puzzle – Reviewing Piketty
democracyjournal.org
Once in a great while, a heavy academic tome dominates for a time the policy debate and, despite bristling with footnotes, shows up on the best-seller list.
shared by @izakaminska, @cafreeland, @BCAppelbaum, @EddyElfenbein
 

Michael Lewis reviews ‘Stress Test,’ by Timothy F. Geithner
New York Times
Former Treasury secretary Timothy F. Geithner’s memoir offers an inside look at the government’s response to the financial crisis.
shared by @anatadmati, @kevinroose, @maxabelson, @EpicureanDeal
 

The Slow Death of American Entrepreneurship
fivethirtyeight.com
Investors are fretting over the prospect of an another tech bubble, but according to the data, U.S. entrepreneurship is on the decline. Americans started 27 percent fewer businesses in 2011 than they did five years earlier.
shared by @JacobWolinsky, reddit/Economics, @M_C_Klein
 

The Fed’s “tapering”: a nonevent?
stlouisfed.org
shared by Abnormal Returns, @cullenroche, @M_C_Klein
 

Why Hedge Funds Don’t Worry About Carried Interest Tax Rules
New York Times
Hedge fund managers don’t benefit from the carried interest tax advantage that are the focus of proposed legislation, Victor Fleischer writes in the Standard Deduction column. Instead, many use Bermuda-based reinsurance companies to avoid taxes.
shared by @AmyResnick, @danprimack, @EpicureanDeal, @mccarthyryanj
 

Why you can beat most billionaire hedge fund managers
MarketWatch
Are hedge funds too big to outperform the market and justify hefty fees?
shared by @ritholtz, @hedge_funds, @Noahpinion
 

The Modern Portfolio Theory Flat Earth Society
Institutional Investor
During my time at the Berkshire Hathaway annual meeting, I was reminded that investors would be better off not wasting their time studying Modern Portfolio Theory.
shared by Abnormal Returns, @vitaliyk, @ritholtz
 

How Student Debt May Be Stunting the Economy
New York Times
Evidence is mounting that rising levels of student loan debt are restraining the ability of young adults to buy homes and enter the “grown-up” economy.
shared by @kmac, Naked Capitalism, reddit/Economics, Crossing Wall Street
 

Split-Second Lurches Affect Stocks From AOL to Caterpillar
Bloomberg
A trading firm’s mistake caused wild price swings in U.S. stocks including Caterpillar Inc., AOL Inc. and Nabors Industries Ltd. about 10 minutes before markets closed today, according to people familiar with the matter.
shared by @ThemisSal, @KidDynamiteBlog, @dianabhenriques
 

Billionaires Help Christie’s to Record $745 Million Sale
Bloomberg
Christie’s was propelled to its biggest auction ever by selling $745 million worth of art, fueled by Barnett Newman and Francis Bacon paintings and billionaires from around the world who competed for the masterpieces.
shared by @izakaminska, @markgongloff, @counterparties, @EpicureanDeal