Linkfest: Fear not – Spain 10-year below US; Inside Bridgewater; Limits of labor market slack
Categories: Linkfest
Today’s most shared:
- Market fear gauge at a 7-year low.
- Spanish 10-year yield falls below US 10-year amid weak growth and inflation, quashed fear of default.
- Inside Bridgewater, the world’s largest, most successful hedge fund. Is Ray Dalio’s unusual philosophy a key to success, or proof that success justifies a lot of idiosyncracies? As Crash Davis said, “Win 20 in the show, you can let the fungus grow back and the press’ll think you’re colorful. Until you win 20 in the show, however, it only means you are a slob.”
- The rich are different from everyone else: they live longer, and their kids go to Princeton.
- The myth of discouraged workers keeping wage growth down.
- Uber-valuation.
- The World Cup is a beautiful game but a dirty business.
Wall Street’s ‘fear gauge’ hits 7-year low
Financial Times
Wall Street’s “fear gauge” has fallen to a seven-year low, helping propel US stocks to a record peak but suggesting investor complacency reigns over financial markets.
shared by @MParekh, @volatilitysmile, Marginal Revolution
Financial Times
Wall Street’s “fear gauge” has fallen to a seven-year low, helping propel US stocks to a record peak but suggesting investor complacency reigns over financial markets.
shared by @MParekh, @volatilitysmile, Marginal Revolution
The Spanish 10-Year Yield Just Fell Below The US 10-Year Yield
Business Insider
Ultra-weak economy and ECB backstop trump weak sovereign credit.
shared by @davidmwessel, Reformed Broker, @munilass
Business Insider
Ultra-weak economy and ECB backstop trump weak sovereign credit.
shared by @davidmwessel, Reformed Broker, @munilass
James Freeman: How the world’s largest hedge fund operates
Wall Street Journal
In The Wall Street Journal, James Freeman interviews Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund measures employees and economies to make investments.
shared by @derekhernquist, @MichaelKitces, @TheStalwart, @ritholtz
Wall Street Journal
In The Wall Street Journal, James Freeman interviews Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund measures employees and economies to make investments.
shared by @derekhernquist, @MichaelKitces, @TheStalwart, @ritholtz
41-Year-Olds and the Labor Force Participation Rate
Calculated Risk
A look at individual cohorts suggests there isn’t a horde of discouraged workers on the sidelines available to re-enter the labor force, and the unemployment rate is an appropriate proxy for labor market slack.
shared by @TheStalwart, @ModeledBehavior, Business Insider
Calculated Risk
A look at individual cohorts suggests there isn’t a horde of discouraged workers on the sidelines available to re-enter the labor force, and the unemployment rate is an appropriate proxy for labor market slack.
shared by @TheStalwart, @ModeledBehavior, Business Insider
Where is the wage growth?
aei-ideas.org
“Over the last year, average hourly earnings are up 2.1%, about the same range they have been in for several years (thus suggesting we are not yet below the “natural” rate of unemployment).”
shared by @ObsoleteDogma, @tomkeene, @IvanTheK, @wonkmonk_
aei-ideas.org
“Over the last year, average hourly earnings are up 2.1%, about the same range they have been in for several years (thus suggesting we are not yet below the “natural” rate of unemployment).”
shared by @ObsoleteDogma, @tomkeene, @IvanTheK, @wonkmonk_
A report from the Bakken oil fields, where the jobless rate is 0.9% and Walmart is paying 2.4 times the minimum wage
aei-ideas.org
I took this photo today at the Walmart in Williston, North Dakota, where the economy is booming thanks to the gusher of shale oil being pumped from the prolific Bakken oil fields.
shared by @volatilitysmile, @EconBrothers, @CMEGroup
aei-ideas.org
I took this photo today at the Walmart in Williston, North Dakota, where the economy is booming thanks to the gusher of shale oil being pumped from the prolific Bakken oil fields.
shared by @volatilitysmile, @EconBrothers, @CMEGroup
Summers: The rich have advantages that money cannot buy
Financial Times
Consider two fundamental components of life – health and the ability to provide opportunity for children.
shared by @TheStalwart, @MarkThoma, @TimHarford, @hblodget, @Noahpinion
Financial Times
Consider two fundamental components of life – health and the ability to provide opportunity for children.
shared by @TheStalwart, @MarkThoma, @TimHarford, @hblodget, @Noahpinion
Larry Summers’ Attempt to Rewrite Cramdown History
creditslips.org
What’s particularly interesting about Summers’s book review of Atif Mian and Amir Sufi’s House of Debt is not so much what Summers has to say about Mian and Sufi, as his attempt to rewrite history. Summers is trying to cast himself as having been on the right (but losing) side of the cramdown debate.
shared by @interfluidity, @MarkThoma, Naked Capitalism, @Kiffmeister
creditslips.org
What’s particularly interesting about Summers’s book review of Atif Mian and Amir Sufi’s House of Debt is not so much what Summers has to say about Mian and Sufi, as his attempt to rewrite history. Summers is trying to cast himself as having been on the right (but losing) side of the cramdown debate.
shared by @interfluidity, @MarkThoma, Naked Capitalism, @Kiffmeister
Piketty v. Marx
New Republic
The two economists have a lot in common, but their differences matter too.
shared by @JacobWolinsky, Reformed Broker, @SconsetCapital, @NYTimeskrugman
New Republic
The two economists have a lot in common, but their differences matter too.
shared by @JacobWolinsky, Reformed Broker, @SconsetCapital, @NYTimeskrugman
Commentary: Uber’s $18.2b Valuation is a Head Scratcher
Wall Street Journal
Commentary: The on-demand car service business isn’t exactly a hard market to enter.
shared by @mccarthyryanj, @RolfeWinkler, @edwardnh, @ericjackson
Wall Street Journal
Commentary: The on-demand car service business isn’t exactly a hard market to enter.
shared by @mccarthyryanj, @RolfeWinkler, @edwardnh, @ericjackson
Why Uber just might be worth it at $18 billion
vox.com
Today’s taxi industry is high-margin but low volume. Uber could drastically grow the overall size of the industry. That’s what makes it so valuable.
shared by Abnormal Returns, @Techmeme, @tomkeene
vox.com
Today’s taxi industry is high-margin but low volume. Uber could drastically grow the overall size of the industry. That’s what makes it so valuable.
shared by Abnormal Returns, @Techmeme, @tomkeene
Negative interest rates
Econbrowser
shared by Abnormal Returns, @MarkThoma, @EconBrothers, Marginal Revolution
Econbrowser
shared by Abnormal Returns, @MarkThoma, @EconBrothers, Marginal Revolution
Obama Plans Steps to Ease Student Debt
New York Times
Borrowers’ debt load is growing and retarding the ability to buy homes, start businesses or otherwise spend to spur the economy, economists say.
shared by @davidmwessel, @nasiripour, @SconsetCapital
New York Times
Borrowers’ debt load is growing and retarding the ability to buy homes, start businesses or otherwise spend to spur the economy, economists say.
shared by @davidmwessel, @nasiripour, @SconsetCapital
US stock exchanges face lawsuit over high-frequency trading
theguardian.com
It is alleged HFT enables professionals to make quick profits at the expense of savers and pension fund investors
shared by @matt_levine, @JacobWolinsky, @JoeSaluzzi, Here Is The City
theguardian.com
It is alleged HFT enables professionals to make quick profits at the expense of savers and pension fund investors
shared by @matt_levine, @JacobWolinsky, @JoeSaluzzi, Here Is The City
What Happens When the Economy Baffles Economists?
Bloomberg View
Understanding economics is somewhere off in the future…and always will be.
shared by Naked Capitalism, reddit/Economics, @Noahpinion, @ReformedBroker
Bloomberg View
Understanding economics is somewhere off in the future…and always will be.
shared by Naked Capitalism, reddit/Economics, @Noahpinion, @ReformedBroker
Beautiful game, dirty business
The Economist
Football is a great sport, but it could be so much better if it were run honestly.
shared by Abnormal Returns, @pkedrosky, @gadyepstein, @tomkeene
The Economist
Football is a great sport, but it could be so much better if it were run honestly.
shared by Abnormal Returns, @pkedrosky, @gadyepstein, @tomkeene
Fund Manager Sets Goats Grazing in Blighted Detroit
New York Times
The financier Mark Spitznagel brought 20 billy goats to graze on overgrown grass among abandoned homes and general detritus.
shared by Abnormal Returns, @kevinroose, @JacobWolinsky, @MattGoldstein26
New York Times
The financier Mark Spitznagel brought 20 billy goats to graze on overgrown grass among abandoned homes and general detritus.
shared by Abnormal Returns, @kevinroose, @JacobWolinsky, @MattGoldstein26
Virtual reality headset Oculus Rift meets the Bloomberg terminal
Quartz
The trading desk of the future may well exist in virtual space. Bloomberg LP has built a prototype of its data terminal hooked up to the virtual-reality headset Oculus Rift.
shared by @TheStalwart, @StKonrath, @Nemo_incognito, NYT Dealbook, @mccarthyryanj
Quartz
The trading desk of the future may well exist in virtual space. Bloomberg LP has built a prototype of its data terminal hooked up to the virtual-reality headset Oculus Rift.
shared by @TheStalwart, @StKonrath, @Nemo_incognito, NYT Dealbook, @mccarthyryanj
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