Linkfest: Economy, inflation picking up? Hank Paulson pushes carbon tax; Free portfolios; Walmart vs. NYT
Categories: Linkfest
Today’s most shared:
- Is inflation picking up as economy gains steam?
- Hank Paulson favors a carbon tax.
- Free portfolios will only take you so far.
- Walmart fact-checks The New York Times. Surely a rise in the minimum wage would hurt competitors at least as much as it hurts Walmart, and food stamps help Walmart’s customers buy more stuff. (Hard to see how food stamps impact profits through labor costs or v. competition.) You’re damned if you fight social programs, and damned if you take advantage of them.
- Taxi medallions and Uber. There are 13,000 taxi medallions in NYC worth over $1m apiece. What does that tell us about Uber’s valuation?
- Defending inherited wealth. Presumably capital accumulation is a good thing, more wealth is better than less wealth, and all private wealth is eventually inherited. Which is not to say concentrated wealth doesn’t have its own inefficiencies, inequities and challenges for democracy and society.
- The coming college bust.
- Grown-up kids refuse to leave their parents’ homes.
There’s A Big Disagreement Between Wall Street And The Fed
Business Insider
Inflation. Is it just noise?
shared by Naked Capitalism, Reformed Broker, @tomkeene
Business Insider
Inflation. Is it just noise?
shared by Naked Capitalism, Reformed Broker, @tomkeene
Inflation Hysteria
Economist’s View
It appears that a case of inflation hysteria is gripping Wall Street.
shared by reddit/Economics, Calculated Risk, @ObsoleteDogma
Economist’s View
It appears that a case of inflation hysteria is gripping Wall Street.
shared by reddit/Economics, Calculated Risk, @ObsoleteDogma
PMI – US industry is booming again.
Business Insider
The best report since May 2010.
shared by @HamzeiAnalytics, reddit/Economics, @ReformedBroker, @edwardnh
Business Insider
The best report since May 2010.
shared by @HamzeiAnalytics, reddit/Economics, @ReformedBroker, @edwardnh
Henry Paulson: Lessons for Climate Change in the 2008 Recession
New York Times
We need to tax carbon dioxide emissions to protect our economy.
shared by @LaurenLaCapra, @Nemo_incognito, @ErikSchatzker
New York Times
We need to tax carbon dioxide emissions to protect our economy.
shared by @LaurenLaCapra, @Nemo_incognito, @ErikSchatzker
A Portfolio is Not a Plan
The Reformed Broker
Portfolios are now free. Vanguard and Schwab got it 95% of the way there with near-zero expense index products and now a handful of do-or-die startups like Covestor have carried it the last mile.
shared by @ritholtz, @SconsetCapital, @JacobWolinsky
The Reformed Broker
Portfolios are now free. Vanguard and Schwab got it 95% of the way there with near-zero expense index products and now a handful of do-or-die startups like Covestor have carried it the last mile.
shared by @ritholtz, @SconsetCapital, @JacobWolinsky
French Bank BNP and U.S. prosecutors agree to broad terms of settlement for up to $9 billion.
Wall Street Journal
BNP Paribas and U.S. prosecutors have agreed to broad terms of a deal in which the bank would pay $8 billion to $9 billion and accept other punishment based on what investigators say is evidence the bank intentionally hid $30 billion of financial transactions that violated US sanctions.
shared by Business Insider, Credit Writedowns, @Alea_, @jsphctrl, Naked Capitalism
Wall Street Journal
BNP Paribas and U.S. prosecutors have agreed to broad terms of a deal in which the bank would pay $8 billion to $9 billion and accept other punishment based on what investigators say is evidence the bank intentionally hid $30 billion of financial transactions that violated US sanctions.
shared by Business Insider, Credit Writedowns, @Alea_, @jsphctrl, Naked Capitalism
Walmart Corporate – Fact Check: The New York Times "The Corporate Daddy"
walmart.com
We saw this article in The New York Times and couldn’t overlook how wildly inaccurate it is, so we had some fun with it. I hope you will too.
shared by @TonyTassell, @Pawelmorski, @davidmwessel, Marginal Revolution, @SconsetCapital
walmart.com
We saw this article in The New York Times and couldn’t overlook how wildly inaccurate it is, so we had some fun with it. I hope you will too.
shared by @TonyTassell, @Pawelmorski, @davidmwessel, Marginal Revolution, @SconsetCapital
Taxi medallions have been the best investment in America for years. Now Uber may be changing that.
Washington Post
A license to operate a cab is worth $1.2 million in New York, $700,000 in Boston, $350,000 in Chicago. Uber could upend both the value of that asset and the decades-old regulatory structure built on it.
shared by @pkedrosky, @Nemo_incognito, @M_C_Klein, @John_Hempton
Washington Post
A license to operate a cab is worth $1.2 million in New York, $700,000 in Boston, $350,000 in Chicago. Uber could upend both the value of that asset and the decades-old regulatory structure built on it.
shared by @pkedrosky, @Nemo_incognito, @M_C_Klein, @John_Hempton
SEC Files Lawsuit to Enforce Subpoenas Issued to Congress
Wall Street Journal
The Securities and Exchange Commission filed a lawsuit Friday seeking to enforce subpoenas the agency issued to Congress in a possible insider-trading case.
shared by @carney, @LaurenLaCapra, @ritholtz, Crossing Wall Street
Wall Street Journal
The Securities and Exchange Commission filed a lawsuit Friday seeking to enforce subpoenas the agency issued to Congress in a possible insider-trading case.
shared by @carney, @LaurenLaCapra, @ritholtz, Crossing Wall Street
How Inherited Wealth Helps the Economy
New York Times
When a family saves for future generations, it provides resources to finance capital investments, like the start-up of new businesses and the expansion of old ones.
shared by @ObsoleteDogma, reddit/Economics, @SconsetCapital, @MattGoldstein26
New York Times
When a family saves for future generations, it provides resources to finance capital investments, like the start-up of new businesses and the expansion of old ones.
shared by @ObsoleteDogma, reddit/Economics, @SconsetCapital, @MattGoldstein26
Mark Cuban Warns That A Housing Bubble-Like Bust Is Coming To America’s Colleges
Business Insider
Mark Cuban thinks colleges are going to go out of business.
shared by @GTCost, @davewiner, @Dvolatility, @tomkeene
Business Insider
Mark Cuban thinks colleges are going to go out of business.
shared by @GTCost, @davewiner, @Dvolatility, @tomkeene
It’s Official: The Boomerang Kids Won’t Leave
New York Times
One in five young adults lives with his or her parents. It might be a recessionary blip — or the dawn of a whole new economic age.
shared by Marginal Revolution, @ritholtz, reddit/Economics, @ProPublica
New York Times
One in five young adults lives with his or her parents. It might be a recessionary blip — or the dawn of a whole new economic age.
shared by Marginal Revolution, @ritholtz, reddit/Economics, @ProPublica
SEC Wants to Give Everyone a Chance to Be a Bond Trader
Bloomberg View
One problem with the bond markets is that a lot of small investors pay high markups for municipal bonds. But, I mean! There are bigger problems.
shared by @Alea_, @IvanTheK, @EpicureanDeal, @munilass
Bloomberg View
One problem with the bond markets is that a lot of small investors pay high markups for municipal bonds. But, I mean! There are bigger problems.
shared by @Alea_, @IvanTheK, @EpicureanDeal, @munilass
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