The Linkfest is moving!
After 400-odd posts, the daily linkfest will be moving to StreetEYE.com.
If you wish to continue receiving a daily email roundup of the stories shared by the most influential social media curators of investment news, please subscribe here.
Many thanks to the CFA Institute for hosting this mad science experiment on Inside Investing all these many months!
Today’s most shared:
- Argentina defaults in face of well-organized opposition, nearing top of postwar league tables in defaults, if not World Cups.
- The post-crisis banking world: Banks total up cost of new regs, fret about deposit outflows. Never mind they have $2 trillion in excess reserves…one suspects that $5b annual cash flow from IOER, and other new and old privileges didn’t make it into their reckoning of the ‘costs’ of the post-crisis world. Not to mention ‘protected’ weekends. And attractive bankers to work with.
- Financial ‘macro-tainment’ masquerades as investment advice.
- Will Fed follow a path of ‘principled populism?’
- Ackman’s mea culpa on laying an egg in his Herbalife presentation.
- Bailing out Germany’s Landesbanks.
- Verizon throttles big mobile users. Next, phone companies will want to charge Facebook and others to bypass bandwidth caps.
- Are companies that move their tax domicile overseas evil, or is the US tax code evil and pushing companies to do weird things?
shared by @RoubiniGlobal, reddit/Economics, @edwardnh, @Nouriel, @firoozye, @moorehn
New York Times
A court has ruled that unless Argentina settles a debt dispute with a hedge fund, it is barred from paying its main bondholders.
shared by @hedge_funds, @Convertbond, @MattGoldstein26
Latin American countries are the most likely to default.
shared by @moorehn, @TimOBrien, @pdacosta, @mhewson_CMC
Hedge fund manager Bill Ackman has two words to sum up his Herbalife Ltd. presentation last week: “My bad.”
shared by @LaurenLaCapra, @jennablan, Business Insider, @MattGoldstein26
shared by @derekhernquist, @FGoria, @Pawelmorski, @DavidSchawel, @mark_dow
The deputy finance minister for Schleswig-Holstein sighs and gets to his feet. On a whiteboard in his office, he draws a diagram explaining the state’s complex bailout of what is probably Germany’s most distressed bank, the publicly owned H…
shared by @LemaSabachthani, @volatilitysmile, @FGoria, @tomkeene, @davidenrich
The battle between Peter Schiff and Michael Shedlock is decent entertainment, provided you don’t follow their investment advice.
shared by @pkedrosky, @ToddSullivan, @ReformedBroker, @Nouriel, @IvanTheK
Eurozone inflation has fallen to a fresh four-and-a-half year low, moving the 18-country bloc a step closer to outright deflation. Inflation in the euro area fell to 0.4 per cent in the year to this month from 0.5 per cent in June.
shared by @FGoria, @SaraEisen
US banks are steeling themselves for the possibility of losing as much as $1tn in deposits as the Federal Reserve reverses its emergency economic policies and raises interest rates.
shared by @HamzeiAnalytics, @FGoria, @nasiripour, @DavidSchawel
Wall Street Journal
New regulation stemming from the financial crisis has cost the six largest U.S. banks $70.2 billion as of the end of last year, according to a new study.
shared by @EpicureanDeal, @AmerBanker, reddit/Economics, @Alea_, @nasiripour, @eisingerj
New York Times
Scandals keep occurring, even after the financial crisis, raising the uncomfortable possibility that the industry is fundamentally flawed.
shared by @ObsoleteDogma, @retheauditors, reddit/Economics, @ritholtz
In October of last year, Goldman Sachs made a quiet but audacious decision. The youngest investment bankers in the firm, it announced to a stunned Wall Street, would be encouraged—even instructed—to take Saturdays off.
shared by @kevinroose, @counterparties, @EpicureanDeal, @M_C_Klein
Mirror, mirror on the wall, who’s the fairest financier of them all? An analysis of one dating app’s data breaks it down: Goldman Sachs bankers rated most attractive, Citi least.
shared by @LaurenLaCapra, @BarbarianCap, @ericjackson
Tom Wheeler calls Verizon Wireless out for using "network management" as an excuse to pad its bottom line.
shared by @howardlindzon, @MParekh, @Techmeme, @ritholtz
Corporate "inversion" deals to avoid U.S. taxes are a plague. But so is the U.S. corporate tax code.
shared by Abnormal Returns, @MarkThoma, @TimOBrien, @HamzeiAnalytics
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.
Please help us pick the most important stories you think should appear in this linkfest by voting here!