Linkfest: Dimon’s illness; Yellen: financial stability requires regs; “New neutral” and valuations; Bond layoffs
Categories: Linkfest
Today’s most shared:
- Jamie Dimon says he has cancer.
- Yellen: Regulation needed to make financial system more stable, can’t rely on monetary policy to counter bubbles.
- Bill Gross: If “new neutral” means lower real interest rates, valuations are less bubbly than they might look by historical standards. (Of course, if the opposite were true and valuations were stretched, or rates were to rise, it would not be great news for bond fund empires that happen to be experiencing outflows.)
- Layoffs come to fixed-income desks, including mighty Goldman Sachs, amid low volatility, trading volume, and carry spreads, not to mention Volcker rule and heightened scrutiny of leverage.
- How Goldman Sachs latency-arbitraged, or front-ran, customers in dark pools.
- Women face challenges, from the trenches of a startup to trading desks at Goldman Sachs to the boardroom of Pepsi.
J.P. Morgan CEO James Dimon diagnosed with throat cancer
Wall Street Journal
James Dimon, chairman and chief executive of J.P. Morgan, told employees and shareholders he has been diagnosed with throat cancer that has spread to nearby lymph nodes, that the prognosis is excellent and that he will continue to be actively involved in the company during his treatment.
shared by @retheauditors, @mccarthyryanj, @DougKass, @yvessmith
Wall Street Journal
James Dimon, chairman and chief executive of J.P. Morgan, told employees and shareholders he has been diagnosed with throat cancer that has spread to nearby lymph nodes, that the prognosis is excellent and that he will continue to be actively involved in the company during his treatment.
shared by @retheauditors, @mccarthyryanj, @DougKass, @yvessmith
Jamie Dimon says he has ’curable’ throat cancer
CNBC
JPMorgan CEO Jamie Dimon told his employees that he has ’curable’ throat cancer.
shared by Huffington Post, @jennablan, @kevinroose, @FGoria
CNBC
JPMorgan CEO Jamie Dimon told his employees that he has ’curable’ throat cancer.
shared by Huffington Post, @jennablan, @kevinroose, @FGoria
Speech–Yellen, Monetary Policy and Financial Stability
Federal Reserve
The Federal Reserve Board of Governors in Washington DC.
shared by @BCAppelbaum, @ritholtz, Calculated Risk, Business Insider
Federal Reserve
The Federal Reserve Board of Governors in Washington DC.
shared by @BCAppelbaum, @ritholtz, Calculated Risk, Business Insider
One Big Idea
PIMCO
Investing and business success can often depend on one BIG idea and its timing.
shared by Business Insider, @jennablan, @MichaelKitces, @JacobWolinsky
PIMCO
Investing and business success can often depend on one BIG idea and its timing.
shared by Business Insider, @jennablan, @MichaelKitces, @JacobWolinsky
Tim Draper Wins Gov’t Auction, Partners With Vaurum to Provide Bitcoin Liquidity in Emerging Markets
medium.com
Draper intends to put newly purchased bitcoins to good use.
shared by Business Insider, NYT Dealbook, @Techmeme
medium.com
Draper intends to put newly purchased bitcoins to good use.
shared by Business Insider, NYT Dealbook, @Techmeme
Bad advice from Basel’s Jeremiah
Financial Times
I admire the Bank for International Settlements. It takes courage to accuse its owners – the world’s main central banks – of incompetence. Yet this is what it has done, most recently in its latest annual report.
shared by @EmanuelDerman, @peter_tl, @Dvolatility, @Neil_Irwin
Financial Times
I admire the Bank for International Settlements. It takes courage to accuse its owners – the world’s main central banks – of incompetence. Yet this is what it has done, most recently in its latest annual report.
shared by @EmanuelDerman, @peter_tl, @Dvolatility, @Neil_Irwin
Households Ease Up on Adding New Debt
clevelandfed.org
By most accounts, deleveraging appears to be over.
shared by @TheStalwart, @volatilitysmile, @Nemo_incognito, @pdacosta, @munilass
clevelandfed.org
By most accounts, deleveraging appears to be over.
shared by @TheStalwart, @volatilitysmile, @Nemo_incognito, @pdacosta, @munilass
Goldman Braces to Slash Fixed-Income Staff Amid Trading Swoon
foxbusiness.com
Goldman Sachs is preparing to trim its once mighty fixed-income desk as bond trading takes a blow from new regulations and low volatility.
shared by Business Insider, @carney, @jennablan, @JacobWolinsky, @LaurenLaCapra
foxbusiness.com
Goldman Sachs is preparing to trim its once mighty fixed-income desk as bond trading takes a blow from new regulations and low volatility.
shared by Business Insider, @carney, @jennablan, @JacobWolinsky, @LaurenLaCapra
Goldman Sachs Got Lost in Its Own Dark Pool
Bloomberg View
Maybe I am naive about data analysis, but I feel like (1) lots of people could be checking whether there’s latency arbitrage and (2) no one does.
shared by @ObsoleteDogma, @Noahpinion, @TimOBrien, @HamzeiAnalytics
Bloomberg View
Maybe I am naive about data analysis, but I feel like (1) lots of people could be checking whether there’s latency arbitrage and (2) no one does.
shared by @ObsoleteDogma, @Noahpinion, @TimOBrien, @HamzeiAnalytics
Goldman ‘Boys Club’ Accused of Mocking Women as ’Bimbos’ and ’Party Girls’
Bloomberg
Goldman Sachs Group Inc. was accused of widespread gender discrimination and a “boy’s club” atmosphere that included bouts of binge drinking and trips to strip clubs.
shared by @LaurenLaCapra, NYT Dealbook, Here Is The City, @moorehn
Bloomberg
Goldman Sachs Group Inc. was accused of widespread gender discrimination and a “boy’s club” atmosphere that included bouts of binge drinking and trips to strip clubs.
shared by @LaurenLaCapra, NYT Dealbook, Here Is The City, @moorehn
Ousted Tinder Cofounder Sues For Sexual Harassment, Says She Was Called ’Slutty’ And A ’Liar’ By Her Ex
Business Insider
Here are the nasty texts that led to a sexual harassment lawsuit.
shared by @ReformedBroker, @morningmoneyben, @TimOBrien
Business Insider
Here are the nasty texts that led to a sexual harassment lawsuit.
shared by @ReformedBroker, @morningmoneyben, @TimOBrien
Why PepsiCo CEO Indra K. Nooyi Can’t Have It All
The Atlantic
"If you ask our daughters," she said in a frank interview on work-life balance, "I’m not sure they will say that I’ve been a good mom."
shared by @counterparties, @SaraEisen, @crampell, @lucymarcus
The Atlantic
"If you ask our daughters," she said in a frank interview on work-life balance, "I’m not sure they will say that I’ve been a good mom."
shared by @counterparties, @SaraEisen, @crampell, @lucymarcus
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