Linkfest: Economics consensus hidden by debate; Solar digital Armageddon; Vietnam for asset prices

Categories: Linkfest

Today’s most shared:

  • The hidden consensus in economics is that the stimulus lifted the economy – just one of the issues which are generally considered settled across the academic spectrum, but open to debate in the political theater of operations.
  • Is Bill Gross predicting a Vietnam-like quagmire for portfolio managers?
  • Elliott’s Singer fears electromagnetic Armageddon, as our digital world can’t withstand a major solar storm.
  • SEC’s whistleblowers: Money can’t take precedence over the ‘sacred bond’ between the Bunny Ranch and its clients.
  • The health service economy: leading industries have shifted over 25 years.
  • Putin’s war: a series of catastrophes that results in a victory, like Clemenceau’s, or major miscalculation?

What Debate? Economists Agree the Stimulus Lifted the Economy
New York Times
Political discussions about economics have become largely unhinged from those among actual economists.
shared by @mark_dow, EconLog, @ritholtz, reddit/Economics, @Noahpinion
 
Goodnight Vietnam
PIMCO
Don’t say “goodnight,” but say “good evening” to the prospect of future capital gains in asset markets.
shared by @jsphctrl, @matt_levine, @FGoria
 
ECB: Results of the July 2014 euro area bank lending survey
European Union
Credit conditions eased in all sectors for the first time since 2007.
shared by @ecb, @EconBrothers, @OpenEurope, @FGoria, @LorcanRK, @LemaSabachthani
 
After Insider Trading Scandal, Steven A. Cohen’s Firm Still Has Strong Gains
New York Times
The billionaire investor’s revamped firm, Point72 Asset Management, generated a gain of nearly $1 billion for the first half year of this year.
shared by @TonyTassell, @jennablan, @hedge_funds, @MattGoldstein26
 
N.Y. bank regulator seeks to put monitors in Deutsche Bank, Barclays U.S. offices
Wall Street Journal
New York’s Department of Financial Services is pushing to install monitors inside the U.S. offices of Deutsche Bank and Barclays as part of an investigation into possible manipulation in the foreign-exchange market.
shared by @MattGoldstein26, @BCAppelbaum, @ryanchittum, @nasiripour
 
What To Expect From FOMC? – Views From Goldman & 10 Other Banks
eFXnews
Expectations for today’s FOMC July policy meeting as provided by the economists at Goldman Sachs, Bank of America Merrill Lynch, Deutsche Bank, Credit Suisse, Barclays Capital, and other major banks.
shared by @TFMkts, @FGoria
 
JPMorgan Said to Cut Support Jobs Amid Trading Slump
Bloomberg
JPMorgan Chase & Co., the biggest U.S. lender, is cutting hundreds of technology support employees in its corporate and investment bank amid a revenue decline, people with knowledge of the move said.
shared by Here Is The City, @LaurenLaCapra, @pkedrosky, @JohnLothian, @nasiripour
 
How America’s Top Industries Have Changed, 1990-2013
Wall Street Journal
The U.S.’s most dominant industries look a lot different than they did less than 25 years ago.
shared by @LaurenLaCapra, @pkedrosky, @BCAppelbaum, @ObsoleteDogma
 
Elliott Sees Most Significant Danger in Electromagnetic Pulse
Bloomberg
Paul Singer’s Elliott Management Corp. warned investors of the risk of an electromagnetic pulse event massively disrupting the electronic grid in a wide-ranging investor letter that took shots at central bankers, social media and U.S. foreign policy.
shared by @mark_dow, @ObsoleteDogma, @jsphctrl, @JacobWolinsky, @IvanTheK, @jmackin2
 
The middle class is 20 percent poorer than it was in 1984
Washington Post
The housing bust has median households worse off than they were 30 years ago.
shared by Business Insider, reddit/Economics, @Noahpinion, @economistmeg
 
Your ‘Craft’ Whiskey Is Probably From a Factory Distillery in Indiana
Daily Beast
The artisan whiskey industry has a big secret—many of the ‘small-batch’ distillers are actually buying their product from a large factory in Indiana.
shared by @nichcarlson, @abnormalreturns, @davewiner, @counterparties, @jbarro
 
Meet the SEC’s 6,500 whistleblowers, who provided confidential data under agency program
Wall Street Journal
More than 6,500 people have now offered confidential information under the whistleblower program of the Securities and Exchange Commission.
shared by @AmyResnick, @dianabhenriques, @LaurenLaCapra
 
UBS, Deutsche drawn into ‘dark pool’ probes
Financial Times
UBS, Credit Suisse, and Deutsche Bank have been drawn into a deepening probe of banks’ anonymous “dark pool” trading venues, with all three receiving subpoenas from authorities to reveal details of their operations.
shared by @JoeSaluzzi, @FGoria, @Dvolatility, @HamzeiAnalytics, @dianabhenriques
 
Best Buy CEO Says Tablet Sales Are "Crashing," Sees Hope for PCs
recode.net
The PC may be having a slight revival, but tablet sales are a big worry. Best Buy says no to ‘showrooming,’ yes to ‘webrooming,’ will match Amazon’s prices "with a smile."
shared by @firstadopter, @finansakrobat, @lucymarcus, @ReformedBroker
 
Why Vladimir Putin’s strategic genius scares the heck out of me
Washington Post
Putin keeps making mistakes in Ukraine. Could he make a bigger one now?
shared by @gadyepstein, @Neil_Irwin
 

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