Linkfest: Did SOX and Reg FD kill the IPO? Clients, counterparties flee Barclays dark pool; Argentina’s payment blocked
Categories: Linkfest
Today’s most shared:
- Marc Andreessen, whose Netscape launched the late 1990s IPO craze, explains why startups now prefer to stay private as long as possible.
- Clients, counterparties jump out of Barclays dark pool. Reputational risk, client lawsuits in play if bank brought institutional investors on board with claims that turned out to be untrue, allowed HFTs and fast money to glean information and profit on their trading.
- Argentina deposits funds for interest payment on restructured bonds, which is blocked by US court. If a country pays out the funds and authorizes a payment which is blocked by a judge, is it still in default?
- Banks team with Tradeweb for high-profile launch of multi-dealer corporate bond trading platform.
- Viral ‘1929’ chart didn’t work out so well. If history was all that mattered, there would be a lot of rich historians.
- GDP down with jobs up is an Okun’s law outlier.
- Which area in the US are doing worst, and what’s up with Eastern Kentucky, where almost 12% of households are on disability? Meanwhile, fastest growing small city is Florida retirement tract controlled by billionaire.
The IPO is dying. Marc Andreessen explains why.
vox.com
Netscape cofounder and venture capitalist Marc Andreessen says the decline of the initial public offering is bad for ordinary investors. He also critiques economist Thomas Piketty.
shared by @MParekh, reddit/Economics, Marginal Revolution, @mccarthyryanj
vox.com
Netscape cofounder and venture capitalist Marc Andreessen says the decline of the initial public offering is bad for ordinary investors. He also critiques economist Thomas Piketty.
shared by @MParekh, reddit/Economics, Marginal Revolution, @mccarthyryanj
Major brokers cut ties to Barclays dark pool after NY AG suit.
Wall Street Journal
Major brokers are shutting down their connections to a dark pool run by Barclays PLC following accusations of fraud against the bank in a lawsuit filed Wednesday by the New York Attorney General.
shared by Business Insider, @jennablan, Here Is The City
Wall Street Journal
Major brokers are shutting down their connections to a dark pool run by Barclays PLC following accusations of fraud against the bank in a lawsuit filed Wednesday by the New York Attorney General.
shared by Business Insider, @jennablan, Here Is The City
Darkness over Barclays is deeper than its pool
Wall Street Journal
The real risk for Barclays from the New York attorney general’s complaint concerns how accusations of self-dealing affect clients’ trust.
shared by @carney, @cate_long
Wall Street Journal
The real risk for Barclays from the New York attorney general’s complaint concerns how accusations of self-dealing affect clients’ trust.
shared by @carney, @cate_long
Argentina deposits debt payment, but U.S. court blocks payout
Reuters
Argentina has deposited the next payment needed to avoid a default on its restructured bonds, but a U.S. federal court decided on Thursday not to let the payment go through.
shared by @GTCost, @Alea_, @FGoria
Reuters
Argentina has deposited the next payment needed to avoid a default on its restructured bonds, but a U.S. federal court decided on Thursday not to let the payment go through.
shared by @GTCost, @Alea_, @FGoria
Time to Officially Stick a Fork in That 1929 Chart
Wall Street Journal
The spooky 1929 chart that swept across trading desks several months ago doesn’t look so frightening anymore.
shared by @matt_levine, @TheStalwart, @KidDynamiteBlog, @ObsoleteDogma
Wall Street Journal
The spooky 1929 chart that swept across trading desks several months ago doesn’t look so frightening anymore.
shared by @matt_levine, @TheStalwart, @KidDynamiteBlog, @ObsoleteDogma
Greek economic sentiment breaks through 100-point mark for first time since 2008
macropolis.gr
Greece’s economic sentiment improved by another 4.6 points in June to reach 103.7, May, according to the European Commission (EC).
shared by @economistmeg, @prchovanec, @EfiEfthimiou
macropolis.gr
Greece’s economic sentiment improved by another 4.6 points in June to reach 103.7, May, according to the European Commission (EC).
shared by @economistmeg, @prchovanec, @EfiEfthimiou
Japan jobless rate hits 16-year low, signals spending rebound ahead
Reuters
Japan’s unemployment rate hit a 16-year low in May, suggesting the economy will rebound in the third quarter from a sales tax hike and consequent slump in consumer spending.
shared by reddit/Economics, @Noahpinion, @prchovanec
Reuters
Japan’s unemployment rate hit a 16-year low in May, suggesting the economy will rebound in the third quarter from a sales tax hike and consequent slump in consumer spending.
shared by reddit/Economics, @Noahpinion, @prchovanec
Wall Street banks create corporate bond trading platform
Financial Times
Banks including Goldman Sachs and JPMorgan Chase are creating a new trading platform for US corporate bonds as they seek to maintain their hold on the business of trading US companies’ debt while boosting liquidity in the $10tn market.
shared by @LaurenLaCapra, NYT Dealbook, @volatilitysmile, @mark_dow
Financial Times
Banks including Goldman Sachs and JPMorgan Chase are creating a new trading platform for US corporate bonds as they seek to maintain their hold on the business of trading US companies’ debt while boosting liquidity in the $10tn market.
shared by @LaurenLaCapra, NYT Dealbook, @volatilitysmile, @mark_dow
Job Growth Is Up, Production Down
New York Times
Economic indicators that used to move in tandem are now pointing in opposite directions. One possible cause: A shrinking labor force.
shared by @ObsoleteDogma, @ModeledBehavior, @JustinWolfers, @greg_ip, @davidmwessel
New York Times
Economic indicators that used to move in tandem are now pointing in opposite directions. One possible cause: A shrinking labor force.
shared by @ObsoleteDogma, @ModeledBehavior, @JustinWolfers, @greg_ip, @davidmwessel
Financial Plumbing and Monetary Policy
imf.org
Financial Plumbing and Monetary Policy
shared by @markgongloff, @M_C_Klein, @JacobWolinsky, @Dvolatility
imf.org
Financial Plumbing and Monetary Policy
shared by @markgongloff, @M_C_Klein, @JacobWolinsky, @Dvolatility
Where Are the Hardest Places to Live in the U.S.?
New York Times
There are various ways to evaluate living standards, but by many of them, eastern Kentucky comes out at or near the bottom.
shared by @LaurenYoung, @ProPublica, @HamzeiAnalytics
New York Times
There are various ways to evaluate living standards, but by many of them, eastern Kentucky comes out at or near the bottom.
shared by @LaurenYoung, @ProPublica, @HamzeiAnalytics
What’s the Matter With Eastern Kentucky?
New York Times
Coal country is the most disadvantaged part of our nation. Why have decades of federal intervention failed?
shared by @TomLasseter, @pkedrosky, @LaurenYoung, @cate_long, @Richard_Florida
New York Times
Coal country is the most disadvantaged part of our nation. Why have decades of federal intervention failed?
shared by @TomLasseter, @pkedrosky, @LaurenYoung, @cate_long, @Richard_Florida
Fastest-Growing Metro Area in U.S. Has No Crime or Kids
Bloomberg
“It’s like an adult Disney World,” Conkle, 77, said of The Villages, Florida, whose expansion has come with virtually no crime, traffic, pollution — or children. The mix has attracted flocks of senior citizens, making The Villages the world’s largest retirement community. Its population of 110,000 has more than quadrupled since 2000, U.S. Census Bureau data show.
shared by @KidDynamiteBlog, @Richard_Florida
Bloomberg
“It’s like an adult Disney World,” Conkle, 77, said of The Villages, Florida, whose expansion has come with virtually no crime, traffic, pollution — or children. The mix has attracted flocks of senior citizens, making The Villages the world’s largest retirement community. Its population of 110,000 has more than quadrupled since 2000, U.S. Census Bureau data show.
shared by @KidDynamiteBlog, @Richard_Florida
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