Janet Yellen the Hawk – Tim Duy’s Fed Watch
Economist’s View
Yellen and Co. are so committed to the 2% inflation target that they are willing to tolerate a persistently lower level of national output to maintain that target.
shared by @TheStalwart, @M_C_Klein, @ObsoleteDogma, @edwardnh, @Fullcarry, @counterparties
 

Merrill Lynch: Inflation: bump up or bust out?
Calculated Risk
Merrill Lynch: Put it all together, we continue to expect a slow rise in inflation, allowing an equally slow Fed exit.
shared by Reformed Broker, @ReformedBroker, @FGoria, @IvanTheK, @calculatedrisk
 

The perils of returning a central bank balance sheet to ‘normal’
Financial Times
Asset holdings enable policy makers to regulate the economy, writes Benjamin Friedman
shared by @ObsoleteDogma, @MarkThoma, @FGoria, Naked Capitalism
 

What Will Argentina Do With Its Vultures?
Bloomberg View
The trick to any negotiation is to act crazy to intimidate the other side. Well, the trick to some negotiations. Probably not that many.
shared by Naked Capitalism, @FGoria, @petercoy, Crossing Wall Street, NYT Dealbook
 

Clayton Christensen Responds to New Yorker Takedown of ’Disruptive Innovation’
Bloomberg Businessweek
Harvard business guru accuses Harvard history professor of "criminal act of dishonesty"
shared by @ModeledBehavior, @andrewtghill, @eisingerj, @M_C_Klein
 

Warsh and Druckenmiller: The Asset-Rich, Income-Poor Economy
Wall Street Journal
The Fed’s balance-sheet recovery hasn’t stirred business investment, an opportunity killer for workers.
shared by @ReformedBroker, @SaraEisen, Reformed Broker, @DavidSchawel
 

High Times on Wall Street
Bloomberg Businessweek
The iconic stoner magazine starts an investment fund to nurture the pot business
shared by @ErikSchatzker, reddit/Economics, @EddyElfenbein, @eisingerj
 

Advertisers have lost the attention of a generation
Financial Times
In theory, the smartphone is the new television – a consumer technology device through which everyone absorbs information and entertainment. As an advertising medium, however, it is useless by comparison. Millennials are as likely to tweet angrily about a brand as notice its ads.
shared by @finansakrobat, @volatilitysmile, @TimOBrien, Reformed Broker, @Dvolatility
 

The Looming Threat of "Generation Z"
theawl.com
A primer to explain Generation Z: a stunning work of speculative fiction about a future that must be avoided at all costs?
shared by @BuzzFeedBen, @moorehn
 

China Property Failures Seen as $33 Billion in Trusts Due
Bloomberg
Chinese property trusts face record repayments next year as the real-estate market cools, fueling speculation among bond funds that more developers will collapse.
shared by Naked Capitalism, @vshih2, @HamzeiAnalytics, @JamesGRickards
 

Pimco’s Gross Wagering on Low Volatility in ‘New Neutral’
Bloomberg
Bill Gross said Pacific Investment Management Co., manager of the world’s biggest bond fund, has been betting that volatility across asset classes will remain very low, as gauges of price swings fall to their lowest levels on record.
shared by @FGoria, @BarbarianCap, @DavidSchawel, @munilass
 

Political Connections and SEC Enforcement by Maria M. Correia :: SSRN
ssrn.com
In this study, I examine whether firms and executives with long-term political connections through contributions and lobbying incur lower costs from the enforcement actions by the Securities and Exchange Commission.
shared by @carney, @M_C_Klein, reddit/Economics, @JacobWolinsky