Today’s most shared: A strong jobs report. Obama says Wall Street bonuses are a moral hazard, invite excessive risk-taking to earn big bonuses while shareholders and taxpayers bear the downside risk. Also, ‘arbitrage’ doesn’t mean what he thinks it does. … Read more
Leave a CommentToday’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 … Read more
Leave a CommentToday’s most shared: Long campaign culminates in BNP settlement. Global liquidity, and investors looking for a safe place to park cash, reshape NYC real estate market, and skyline. After long compliance freeze, big brokers start to tweet. “Profitless” Amazon has … Read more
Leave a CommentToday’s most shared: Central bankers fear easy money is creating new bubbles without healing damage from previous bubbles and financial crisis. ‘Smart beta’ and other quantitative strategies sometimes tout paper-trading track records as if they were real historical returns, with … Read more
Leave a CommentToday’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 … Read more
Leave a CommentToday’s most shared: Barclays missed the memo that ‘dark’ is of the essence in a dark pool. Apparently one reason their dark pool came from nowhere to lead the industry was, it wasn’t as dark as people thought and the … Read more
Leave a CommentToday’s most shared: GDP revised down… But doesn’t really feel like a shrinking economy. US loosens oil export ban. Pension funds addicted to risk, underperform booming S&P. The student debt debate. Deleveraging: Is it over? Equity crowdfunding appears destined to … Read more
Leave a CommentToday’s most shared: Student debt: A dream-killing millstone for a few who leave college with giant debts and an unmarketable degree (or no degree) — or a growth-killing millstone crippling the US economy? Is the US Supreme Court’s Argentina ruling … Read more
Leave a CommentToday’s most shared: Is inflation picking up as economy gains steam? Hank Paulson favors a carbon tax. Free portfolios will only take you so far. Walmart fact-checks The New York Times. Surely a rise in the minimum wage would hurt … Read more
Leave a CommentToday’s most shared: Yellen as hawk. Is inflation ticking up? Should the Fed hold onto its balance sheet as a lever of policy? A classic game of chicken between Argentina and ‘vultures’ led by Elliot Management. Clay Christensen responds to … Read more
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