Bond’s Liquidity Threat Is Revealed in Derivatives Explosion
Bloomberg
The boom in fixed-income derivatives trading is exposing a hidden risk in debt markets around the world: the inability of investors to buy and sell bonds.
shared by @LaurenLaCapra, Reformed Broker, @HamzeiAnalytics, @carney
 

China Surpasses U.S. as Largest Corporate Debt Issuer
New York Times
A study by Standard & Poor’s found that China’s nonfinancial companies had total outstanding bank loans and bonds worth $14.2 trillion at the end of last year, compared with $13.1 trillion in the United States.
shared by @TheIntuitInvest, Crossing Wall Street, @JacobWolinsky
 

Europe faces the horrors of its own house of debt
Financial Times
The most likely trajectory is a long period of slow growth, low inflation.
shared by @ObsoleteDogma, @RobinBew, @FGoria, @rodrikdani, @mhewson_CMC
 

8 Myths About The Super Rich
Business Insider
Not all the stereotypes apply.
shared by @EddyElfenbein, reddit/Economics, @EpicureanDeal
 

Definition of ‘Rich’ Changes With Income
New York Times
What annual income would it take for you to consider yourself rich? Is it possible you are rich already?
shared by @TimHarford, Reformed Broker, @mccarthyryanj
 

Orszag: It’s time for some optimism about health care spending
vox.com
Health coverage is surging. Health care spending isn’t.
shared by @mark_dow, @davidmwessel, @TheArmoTrader, @JustinWolfers
 

Central banks shift into shares as low rates hit revenues
Financial Times
Central banks around the world, including China’s, have shifted decisively into investing in equities as low interest rates have hit their revenues, according to a global study of 400 public sector institutions.
shared by Naked Capitalism, @FGoria, @JohnLothian, @wonkmonk_, @DougKass
 

Bitcoin security guarantee shattered by anonymous miner with 51% network power
Ars Technica
In a first, one player got a monopoly of Bitcoin’s total computational power.
shared by @MichaelKitces, @johngapper, @Alea_, @petereavis, @Techmeme, @Kiffmeister
 

Jill Lepore: What the Theory of “Disruptive Innovation” Gets Wrong
New Yorker
Clayton Christensen’s theory of “disruptive innovation” is founded on anxiety, fear, and shaky evidence.
shared by @TimHarford, @raju, @rjocean, @Richard_Florida
 

History Backs Up Tesla’s Patent Sharing
HBR
From textiles to steel, the precedent for Elon Musk’s latest move.
shared by Abnormal Returns, @MarkThoma, reddit/Economics
 

US petroleum production hits 44-year high
Financial Times
US production of liquid petroleum is surpassing its previous peak, reached in 1970, in the latest landmark for the country’s shale oil boom. Four decades of decline in US oil output have been reversed in just five years of growth.
shared by Credit Writedowns, @CMEGroup, @pcdunham
 

Iraq, oil markets, and the U.S. economy
Econbrowser
shared by @MarkThoma, @EconBrothers, @ToddSullivan
 

Tim Cook, Making Apple His Own
New York Times
While the company’s enthusiasts impatiently await new wizardry, the new chief executive is trying to make the brand bigger than the next big iThing.
shared by Huffington Post, @nichcarlson, @howardlindzon, @ClareQui1ty
 

With an Amazon Smartphone, the Retailer Seeks a Tether to Consumers
New York Times
Amazon is set to give the brutal phone business a shot. On the one hand, analysts say, it has no choice; on the other, the rewards could be tremendous.
shared by @davewiner, Crossing Wall Street, @Techmeme
 

Starbucks to Provide Free College Education to Thousands of Workers
New York Times
Through an unusual arrangement with Arizona State University, the company will pay for its workers to earn college degrees.
shared by @jennablan, Marginal Revolution, @newsycombinator
 

Can You Handle the Market’s Stress Test?
Wall Street Journal
Investing graybeards like to say that “bull markets climb a wall of worry.” This one has been sleepwalking up a wall of boredom.
shared by Abnormal Returns, @ReformedBroker, @Noahpinion, Reformed Broker, @mccarthyryanj
 

A Bazillionaire’s Guide to Stress Relief
Bloomberg View
Any hedge-fund manager who wants to pursue a calming strategy obviously needs new, superior stress relieving techniques, unknown to the weaker individuals whose anxiety he seeks to exploit.
shared by Reformed Broker, @JacobWolinsky, @ReformedBroker, @EpicureanDeal