Fed’s Rate-Change System Up for Revamp
Wall Street Journal
Janet Yellen’s first big task as Federal Reserve chairwoman isn’t deciding when to raise interest rates. It is deciding how.
shared by @TFMkts, @HamzeiAnalytics, Calculated Risk, @ReformedBroker
 

Fears over ‘lowflation’ serve up bond market surprise
Financial Times
Rather than head higher and pierce the 3 per cent level, as virtually everyone had expected at the start of the year, the yield on US 10-year government bonds has touched its lowest since October.
shared by Business Insider, @ReformedBroker, Reformed Broker
 

Draghi has missed the chance to act on inflation
Financial Times
The European Central Bank saved the euro by providing a backstop to the member states of the single currency in 2012. That at least is the current received wisdom. I wonder, however, whether that will still be the judgment in two years’ time.
shared by @economistmeg, @FGoria, @mhewson_CMC
 

Enjoy the U.S. economy’s spring snapback
Wall Street Journal
As the U.S. economy bounces back from the harsh winter, it may expand more swiftly, and boost earnings higher, than investors anticipate.
shared by @TheStalwart, @TFMkts, @greg_ip, @prchovanec, @M_C_Klein
 

Gazprom Chief Says Russia-China Gas Deal ’One Digit’ Away
themoscowtimes.com
Russian state-run Gazprom said it was still "one digit" away from finalizing a 30-year gas supply deal with Beijing which is expected to crown President Vladimir Putin’s visit to China next week.
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China steps up speed of oil stockpiling as tensions mount in Asia
The Telegraph
Beijing has ordered an "unprecedented" build up of oil reserves as West prepares for possible oil sanctions against Russia.
shared by Naked Capitalism, @FGoria, @CMEGroup
 

In Taking Crimea, Putin Gains a Sea of Fuel Reserves
New York Times
Russia acquired not just a peninsula, but a maritime zone and the rights to tap its seabed for oil and gas reserves potentially worth trillions of dollars.
shared by @MParekh, @HamzeiAnalytics, @JamesGRickards, Naked Capitalism
 

Congratulations to Class of 2014, the Most Indebted Ever – The Numbers Guy
Wall Street Journal
As graduates shift their tassels and accept their diplomas, they leave school with one discouraging distinction: They’re the most indebted class ever.
shared by @MichaelKitces, @HamzeiAnalytics, @prchovanec, @howardlindzon
 

Jana Partners’ Rosenstein
Barron’s
How Barry Rosenstein rose from Asher Edelman underling to activist leader.
shared by @firstadopter, @JacobWolinsky, NYT Dealbook, @hedge_funds
 

The Case Against the Bernanke-Obama Financial Rescue
New York Times
In a new book, two economists say the government should have focused more on homeowner debt, and less on banks.
shared by @HamzeiAnalytics, Naked Capitalism, @ryanchittum, @nasiripour
 

Geithner, Staying on Script
New York Times
A new book from the former Treasury secretary doesn’t resolve a big question about the financial crisis: How could such a huge regulatory army miss the economy’s buildup of risk?
shared by @carney, Naked Capitalism, Marginal Revolution, @TFMkts, @Kiffmeister
 

The United States of Metrics
New York Times
Unquantifiable arenas like history and the arts are receding from public life, replaced by technology and statistics.
shared by @kmac, @JustinWolfers, @LaurenYoung, @Noahpinion, @raju
 

The plot to use Fannie Mae and Freddie Mac to steal billions from the taxpayer
vox.com
The government gave Fannie Mae and Freddie Mac a huge bailout to prevent it from going bankrupt. Now they’re making big profits for the Treasury. But a handful of hedge fund managers want the money for themselves. Can they pull it off?
shared by @petereavis, @ezraklein
 

At big-ticket dinners, a blunt Bernanke sounds theme of low rates
Reuters
In a series of quarter-million-dollar dinners with wealthy private investors, Ben Bernanke has been clearer than he ever was as chairman of the Federal Reserve on his expectations.
shared by @TheStalwart, @M_C_Klein, @Noahpinion, @bclund, @davidgaffen
 

Economics: Change of course
Financial Times
When Yuan Yang began her economics course in autumn 2008, she was shocked that within the cloisters of Balliol College, little attention was paid to the world outside.
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Credit Suisse’s Dougan and Rohner May Leave Bank: Swiss Report
Bloomberg
Credit Suisse Group AG could plead guilty as early as today to resolve U.S. accusations that it conspired to help Americans evade taxes, according to a person familiar with the matter.
shared by Business Insider, Here Is The City, @cate_long, @IvanTheK, @MattGoldstein26
 

A housing project in China highlights ties among local-government debt, corporate borrowing and shadow banking
Wall Street Journal
The convoluted financing of a housing project in China shows the deepening connections among three worrisome parts of the country’s financial system: local-government debt, corporate borrowing and shadow banking.
shared by @fiatcurrency, Naked Capitalism, @vshih2, @prchovanec, @JamesGRickards
 

Wolf of Wall Street Belfort Sees Pay Top $100 Million This Year
Bloomberg
Jordan Belfort, whose memoir “The Wolf of Wall Street” was turned into a film by Martin Scorsese, expects to earn more this year than he made at his peak as a stockbroker, allowing him to repay the victims of his fraud.
shared by @TheStalwart, Here Is The City, @hblodget, @prchovanec