Linkfest: Bubbles in bonds, housing? Slower growth new normal; How smart is ‘smart beta?’
Categories: Linkfest
Today’s most shared:
- Signs of a top? Junk bond offers free burritos every week; CLOs regain popularity; World’s top distressed investor cuts size of fund, citing limited opportunities. In a world where Iraq bonds yield 7%, what do fixed-income investors do?
- The new normal may be slower trend growth, which is bullish for bonds. And aging retired and soon-to-be-retired population may need more bonds.
- IMF says housing bubble may be making a comeback, as many markets are above historical levels.
- Bank of Greece issues chronicle of crisis, documenting bank outflows, hoarding of banknotes.
- How smart is ‘smart beta?’
- Tales from the investment banking front lines: Donning yoga pants to court a Lululemon deal.
- Big protests boost Uber’s profile, European signups soar.
- Shinzo Abe: Japan’s Ronald Reagan?
Bond bubble? What bond bubble? These bonds give out free burritos!
Wall Street Journal
shared by @spignal, @M_C_Klein, Business Insider, @JacobWolinsky
Wall Street Journal
shared by @spignal, @M_C_Klein, Business Insider, @JacobWolinsky
U.S. Economic Recovery Looks Distant as Growth Lingers
New York Times
With a less-than-robust growth rate of 2 percent and a decline in government spending and public investment, several top economists are pessimistic about a complete recovery.
shared by @ModeledBehavior, @kairyssdal, reddit/Economics, @ProPublica
New York Times
With a less-than-robust growth rate of 2 percent and a decline in government spending and public investment, several top economists are pessimistic about a complete recovery.
shared by @ModeledBehavior, @kairyssdal, reddit/Economics, @ProPublica
World Bank Cuts Global Growth Forecast After ‘Bumpy’ 2014 Start
Bloomberg
The World Bank cut its global growth forecast amid weaker outlooks for the U.S., Russia and China, while calling on emerging markets to strengthen their economies before the Federal Reserve raises interest rates.
shared by @delong, Naked Capitalism, @cafreeland, @pdacosta
Bloomberg
The World Bank cut its global growth forecast amid weaker outlooks for the U.S., Russia and China, while calling on emerging markets to strengthen their economies before the Federal Reserve raises interest rates.
shared by @delong, Naked Capitalism, @cafreeland, @pdacosta
IMF sounds global housing alarm
Financial Times
The world must act to contain the risk of another devastating housing crash, the International Monetary Fund warned on Wednesday, as it published new data showing house prices are well above their historical average in many countries.
shared by @Nouriel, Naked Capitalism, @HamzeiAnalytics
Financial Times
The world must act to contain the risk of another devastating housing crash, the International Monetary Fund warned on Wednesday, as it published new data showing house prices are well above their historical average in many countries.
shared by @Nouriel, Naked Capitalism, @HamzeiAnalytics
IMF Global Housing Watch
imf.org
IMF Global Housing Watch
shared by @pkedrosky, @iheartWallSt, @peter_tl, @Dvolatility, @pdacosta
imf.org
IMF Global Housing Watch
shared by @pkedrosky, @iheartWallSt, @peter_tl, @Dvolatility, @pdacosta
China ramps up spending to prop up growth
Financial Times
Chinese government spending surged in May as Beijing sought to boost flagging growth amid fears of a pronounced economic slowdown and a bursting property bubble.
shared by @TheStalwart, @economistmeg, @M_C_Klein
Financial Times
Chinese government spending surged in May as Beijing sought to boost flagging growth amid fears of a pronounced economic slowdown and a bursting property bubble.
shared by @TheStalwart, @economistmeg, @M_C_Klein
Lenders Fear Spread of Chinese Commodities Fraud Case
New York Times
The authorities are investigating loans based on collateral of metals at a Chinese port, with implications for Western banks and the Chinese credit market.
shared by @matt_levine, @izakaminska, @nasiripour, @panphil
New York Times
The authorities are investigating loans based on collateral of metals at a Chinese port, with implications for Western banks and the Chinese credit market.
shared by @matt_levine, @izakaminska, @nasiripour, @panphil
Take Junk Loans, Add Leverage, Slice ’Em Up, Sell, Repeat
Bloomberg
shared by @AmyResnick, @Kiffmeister
Bloomberg
shared by @AmyResnick, @Kiffmeister
Oaktree Said to Cut Fund as Distressed Deals Diminish
Bloomberg
Oaktree Capital Group LLC, the world’s biggest distressed-debt investor, cut the $3 billion goal on its next control investing fund by about 40 percent as it struggles to find deals amid an economic recovery.
shared by @ReformedBroker, @munilass
Bloomberg
Oaktree Capital Group LLC, the world’s biggest distressed-debt investor, cut the $3 billion goal on its next control investing fund by about 40 percent as it struggles to find deals amid an economic recovery.
shared by @ReformedBroker, @munilass
As Bank of Greece lines up Stournaras to take over, it reveals how risky things got during crisis
macropolis.gr
The Bank of Greece (BoG) published a report on Wednesday titled “The Chronicle of the big Crisis,” outlining the critical actions the BoG took between 2008 and 2013.
shared by @JacobWolinsky, @NickMalkoutzis, @EfiEfthimiou
macropolis.gr
The Bank of Greece (BoG) published a report on Wednesday titled “The Chronicle of the big Crisis,” outlining the critical actions the BoG took between 2008 and 2013.
shared by @JacobWolinsky, @NickMalkoutzis, @EfiEfthimiou
Former ECB official points the finger at politicians, mainly German, for Europe’s woes
Wall Street Journal
Athanasios Orphanides has a theory on what went wrong in Europe: The governance of the euro-zone was incompatible with prudent management of a major crisis.
shared by @MarkThoma, @volatilitysmile, Naked Capitalism
Wall Street Journal
Athanasios Orphanides has a theory on what went wrong in Europe: The governance of the euro-zone was incompatible with prudent management of a major crisis.
shared by @MarkThoma, @volatilitysmile, Naked Capitalism
Is ‘smart beta’ smart enough to last?
Financial Times
How smart is Smart Beta really? Does it depend on Dumb Beta staying dumb and never wising up?
shared by @EmanuelDerman, Reformed Broker
Financial Times
How smart is Smart Beta really? Does it depend on Dumb Beta staying dumb and never wising up?
shared by @EmanuelDerman, Reformed Broker
Wall Street types don yoga pants and True Religion jeans to win deals.
Wall Street Journal
Mergers and acquisitions pros sometimes shed their Armani suits in an attempt to woo clients like Lululemon and Men’s Wearhouse. A pair of green corduroy pants can make a strong impression.
shared by @matt_levine, @EddyElfenbein, @BarbarianCap, @AnjuliDavies
Wall Street Journal
Mergers and acquisitions pros sometimes shed their Armani suits in an attempt to woo clients like Lululemon and Men’s Wearhouse. A pair of green corduroy pants can make a strong impression.
shared by @matt_levine, @EddyElfenbein, @BarbarianCap, @AnjuliDavies
Uber sign-ups ’increase 850%’ as black cab drivers stage London taxi protest
The Independent
The taxi-booking mobile app company Uber said it experienced an 850 per cent increase new users today as London’s black cabs staged a protest that brought gridlock to the city centre.
shared by @derekhernquist, @pkedrosky, @spignal, Naked Capitalism
The Independent
The taxi-booking mobile app company Uber said it experienced an 850 per cent increase new users today as London’s black cabs staged a protest that brought gridlock to the city centre.
shared by @derekhernquist, @pkedrosky, @spignal, Naked Capitalism
Japan’s Abe Is the World’s Best Leader
Bloomberg View
I was a Shinzo Abe skeptic. Boy, was I wrong; he might be the kind of leader other developed nations need.
shared by @ObsoleteDogma, @ModeledBehavior, reddit/Economics, @Noahpinion, @jbarro
Bloomberg View
I was a Shinzo Abe skeptic. Boy, was I wrong; he might be the kind of leader other developed nations need.
shared by @ObsoleteDogma, @ModeledBehavior, reddit/Economics, @Noahpinion, @jbarro
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