Third Estimate of GDP for the First Quarter of 2014
whitehouse.gov
First-quarter GDP was revised down today, largely reflecting a re-estimation of consumer spending on health care, which was substantially lower than originally reported, as well as exports, which were below the initial estimates.
shared by @ModeledBehavior, @BCAppelbaum, @crampell, @jmackin2, @davidmwessel, @moorehn
 

This Is Precisely What Crushed GDP
Business Insider
Healthcare.
shared by @ObsoleteDogma, @MichaelKitces, @davidmwessel, @cate_long, @TheArmoTrader
 

U.S. rules to loosen four-decade ban on oil exports
Wall Street Journal
The Obama administration quietly cleared the way for the first exports of unrefined American oil in four decades.
shared by @firstadopter, @MParekh, @HamzeiAnalytics, Business Insider
 

Why Government Pension Funds Became Addicted to Risk
New York Times
The steady decline in interest rates has pushed pension funds away from bonds and toward riskier investments.
shared by @planetmoney, reddit/Economics, @jbarro
 

Corporate pension funds and university endowments have missed out on much of the rally for stocks.
Wall Street Journal
Corporate pension funds and university endowments have missed out on much of the rally for stocks since 2009, following a push to diversify into other investments that have had disappointing performances.
shared by Abnormal Returns, @HamzeiAnalytics, Reformed Broker, @crampell
 

A Hunt to Find the Next Generation of Financial Planners
New York Times
The average financial adviser in the United States is older than 50, creating a problem for asset management firms that must figure out how to attract and retain fresh talent.
shared by @howardlindzon, @ReformedBroker, @cate_long
 

The Devastating, Lifelong Consequences of Student Debt
New Republic
It’s threatening fundamentally American ways of life.
shared by @mccarthyryanj, @NickTimiraos, @rortybomb, @interfluidity
 

What the New Numbers on Student Debt Really Say
Bloomberg Businessweek
A new Brookings study finds that student loan debt "may not be as dire as many commentators fear."
shared by @DLeonhardt, @petercoy, @UpshotNYT, @mccarthyryanj
 

FEDS Notes: Deleveraging: Is it over and what was it?
Federal Reserve
shared by @interfluidity, @MarkThoma, @wonkmonk_
 

Equity Crowdfunding Is a Disaster Waiting to Happen
Slate
Equity crowdfunding was supposed to be an economic boon. Instead it’s a disaster waiting to happen.
shared by Abnormal Returns, @newsycombinator, Reformed Broker
 

‘Bond King’ Gross speaks to 700 at Pimco client event in Big Apple
Reuters
Bill Gross did something last week he rarely does — venture from his Newport Beach, Calif. home to meet with investors twice.
shared by @JacobWolinsky, @DavidSchawel, @HamzeiAnalytics, @davidgaffen
 

Putin Pals Dealing With U.S. Firms Make Sanctions Useless
Bloomberg
To see why U.S. economic sanctions against Russia are likely to have limited impact, follow the spending of a small Delaware-incorporated, Nasdaq-traded television company named CTC Media Inc.
shared by @TomLasseter, @Alea_, @petereavis, @eisingerj