Linkfest: Student debt — killing the recovery? Argentina’s conundrum; Core inflation

Categories: Linkfest

Today’s most shared:

  • Student debt: A dream-killing millstone for a few who leave college with giant debts and an unmarketable degree (or no degree) — or a growth-killing millstone crippling the US economy?
  • Is the US Supreme Court’s Argentina ruling unleashing bedlam in sovereign debt markets?
  • Digging into CPI data for signs of core inflation pickup.
  • New York Times editors don’t like payments for order flow.
  • Finra backs off proposal to make brokers disclose bonuses when they try to bring clients to new firms.
  • Supreme Court declines to stop lawyers from filing shareholder class action suits every time a company releases bad news and its stock plummets.

The Reality of Student Debt Is Different From the Clichés
New York Times
A new research paper finds that typical debt burdens have not risen significantly over the last two decades.
shared by @MichaelKitces, @mattbish, @NickTimiraos, reddit/Economics
 
That Big Study About How the Student Debt Nightmare Is in Your Head? It’s Garbage
theawl.com
People with college debt saw their debt double, and also the number of those households with debt more than doubled. That is not exactly undermining this supposedly fake narrative of the increase of student debt!
shared by @kevinroose, @EpicureanDeal, @mccarthyryanj, @rortybomb, @delong
 
Felix Salmon: How U.S. Courts Are Radically Upending International Finance
Foreign Affairs
There aren’t many institutions powerful enough to bring a sovereign nation to its knees. Most of them wield their power with great care; the rest are dangerous fundamentalists. Last week, the U.S. Supreme Court placed itself squarely in the latter camp.
shared by @felixsalmon, @mark_dow, reddit/Economics
 
Guest post: implications of the US Supreme Court ruling on Argentina
Financial Times
Academic says Argentina ruling necessitates an international bankruptcy court for sovereign debt.
shared by @FGoria, Free Exchange
 
Lawrence H. Summers: U.S. Economic Prospects
larrysummers.com
U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound
shared by @counterparties, @davidmwessel, @CardiffGarcia, @mccarthyryanj
 
Morgan Stanley Gets 90,000 Summer-Program Applications
Bloomberg
Morgan Stanley, owner of the world’s largest brokerage, received about 90,000 applications for its summer program for analysts and associates.
shared by Business Insider, @davidmwessel, @Simon_Nixon
 
‘Best Execution’ and Rebates for Brokers
New York Times
The unlevel playing field of stock markets is tipped by much more than undetected insider trading and high-frequency trading.
shared by @finansakrobat, reddit/Economics, @JoeSaluzzi, @JohnLothian
 
Finra withdraws proposal requiring brokers to disclose recruitment bonuses
Wall Street Journal
Wall Street’s self-regulator has withdrawn a proposal to require brokers to disclose to clients big bonuses they receive when they switch firms, saying the plan needs changes.
shared by @LaurenLaCapra, @MichaelKitces, @IvanTheK, Reformed Broker, @ritholtz
 
Good work: Finra employees make double industry pay
InvestmentNews
The average compensation for Finra’s 3,400 employees last year was nearly double that of the average worker on Wall Street. Bruce Kelly takes a look at the numbers.
shared by Business Insider, @StockJockey, @victorricciardi
 
Markets Are Efficient Enough for Justice Roberts
Bloomberg View
Class-action securities litigation survived today — and the big news is
that it was saved not just by swing voting Justice Anthony Kennedy, but also by
Chief Justice John Roberts.
shared by @SconsetCapital, @moorehn, @TimOBrien
 

StreetEYE.com follows the best ‘curators’ on the web and social media, and finds all the top financial news right now, as voted by you.

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