Brokers Fight Rule to Favor Best Interests of Customers
New York Times
The financial industry is fiercely fighting a change in a pension law that would require more finance professionals to act as fiduciaries for their customers.
shared by @ritholtz, @ReformedBroker, @IvanTheK, Reformed Broker
 

Markets Are Restacking the Building Blocks of a Financial Crisis
New York Times
Credit markets are once again badly mispricing risk. Many of the elements that caused the financial crisis are starting to align again, William D. Cohan writes in the Street Scene column.
shared by @NickTimiraos, @ReformedBroker, @pkedrosky
 

CEO Pay Continues to Rise as Typical Workers Are Paid Less
epi.org
From 1978 to 2013, CEO compensation increased 937 percent, a rise more than double stock market growth and substantially greater than the painfully slow 10.2 percent growth in a typical worker’s compensation over the same period.
shared by @markgongloff, reddit/Economics, Reformed Broker, Huffington Post
 

A Critique of John Hussman’s Chart of Estimated Future Equity Returns
philosophicaleconomics.wordpress.com
Is John Hussman’s chart of estimated future equity returns too good to be true?
shared by @TheStalwart, @M_C_Klein, @JacobWolinsky, @ReformedBroker
 

Remarks Before the Peterson Institute of International Economics by Commissioner Kara M. Stein on June 12, 2014
SEC.gov
shared by @anatadmati, Naked Capitalism, @JoeSaluzzi, @eisingerj, @ThemisSal, @cate_long
 

’Soft power’ play: Washington now comes to Goldman
Wall Street Journal
Goldman Sachs and CEO Lloyd Blankfein are moving to seize the public stage in policy debates, this week hosting an environmental and resources conference with top officials. It’s a stark contrast from the bank’s image after the crisis.
shared by @counterparties, @moorehn, @HamzeiAnalytics, @mccarthyryanj
 

Hedge funds are losing money even as markets rise
Wall Street Journal
Some of the biggest investors on Wall Street are losing money with wrong-way bets in markets around the globe, a surprising black eye amid a rise in stock and bond prices.
shared by @herbgreenberg, @FGoria, @Noahpinion, @hedge_funds, @gusbaratta
 

China No-Money-Down Housing Echoes U.S. Subprime Loan Risks
Bloomberg
China’s home buyers are being offered no-money-down purchases in an echo of the subprime lending that triggered a U.S. economic meltdown and the global financial crisis.
shared by @maoxian, @Convertbond, @pdacosta, @HamzeiAnalytics
 

In Emerging Markets, What Scares Most Investors Entices Oppenheimer
New York Times
Justin M. Leverenz’s emerging market fund has outperformed most of his peers since 2010.
shared by @TomLasseter, @niubi, @MattGoldstein26
 

No shelter for Britain in European halfway houses
Financial Times
Gaining full access to EU markets while doing as it pleases is an option the UK cannot have. Its choice is this: more independence and less influence or less independence and more influence. “In” or “out” is the choice: of the two, the first would be vastly better.
shared by @economistmeg, @FGoria, @BrunoBrussels, @D_Blanchflower
 

McCulley: Just Give Me a Framework
PIMCO
McCulley: War against inflation is over, nearing the beginning of the end of war against the liquidity trap.
shared by @TheStalwart, reddit/Economics, @M_C_Klein, @SimoneFoxman
 

Mark Carney’s Speech at the Mansion House Bankers and Merchants Dinner, London
Bank of England
shared by @TheStalwart, @M_C_Klein, Business Insider, reddit/Economics
 

Federal Reserve officials, in their own words, on timing of first rate hike
MarketWatch
MarketWatch has collected the opinion of the folks who matters: the members of the central bank’s policy committee.
shared by @DougKass, @davidmwessel, @prchovanec, @pdacosta
 

Activist funds dust off ’greenmail’ playbook
Wall Street Journal
More companies are resorting to an old tactic to get rid of activist investors: Pay them to go away.
shared by @JacobWolinsky, NYT Dealbook, @moorehn, Abnormal Returns
 

A note on Piketty and diminishing returns to capital
mit.edu
shared by @ModeledBehavior, @ATabarrok, @foxjust, reddit/Economics